E-visa Market Forecast to 2027

Description

E-visa Market Analysis

E-visa Market Forecast to 2027

Market Overview

An electronic visa is a biometric record. Travelers’ authentication is provided by a combination of electronic and paper documents. An embedded microprocessor is part of the contactless visa. The card features a radiofrequency identification chip on both the front and back of it. Important user data is contained on this marketable chip. Identification of the user through name, date of birth, fingerprint, and face.
Through E-visa, processing documents for foreign travel is simple. The key advantage is shorter processing times. Many people today travel without the right identification. These instances are rising throughout several locations. Any region is seriously threatened by it. Traveling to another nation with an E-visa allows for precise verification. These electronic papers aid in identifying questionable travelers. These E-visas typically have links to passport numbers. This electronic record is digitally archived.
With the use of this paper, you can easily go to any location. Airports’ technological adoption is increasing demand for the global e-visa market. Additionally, the rapidly expanding trend of contactless documents will help to accelerate growth. E-Visa permits are accurate, dependable, and safe. It is possible to check, examine, and authenticate an E-visa before leaving.

Segment Overview

The E-visa market is divided into sectors for services and software. The tablet, smart phones, and laptop portions of the e-visa market are separated based on the platform used. The E-visa market sectors include government, educational, and foreign affairs visa applications.

Regional Analysis

Asia Pacific, Europe, and North America make up the E-visa market. The dominant regional player in terms of market share is North America. This area has a greater adoption rate of electronic documents. North America receives a lot of investment from nations like the US and Canada. These two regions’ combined demand is anticipated to increase significantly.
Asia-Pacific is one of the regions with the fastest growth in E-visas. The market is seeing new entrants, which spurs additional developments. Key market contributors are China, India, and Japan. The demand for education E-visas is also rising in Europe because to the region’s top foreign affairs. For the E-visa market, all these important regions will generate a greater income rate.

Major Player

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One of the top businesses operating in the global E-visa market is Thales Group, followed by Swiss Authentis S.A, 4G Identity Solutions, IRIS CORPORATION BERHAD, Semlex Group, BLS International, DEMIA, Envato Pty Ltd, Bundesdruckerei GmbH, Mühlbauer Group, VFS Global Group, Veridos GmbH, Securiport, Shanghai Mite Speciality & Precision Printing Co., Ltd., Beijing Jinchen, Civic.

COVID 19 Impacts

The world markets are being harmed by Covid 19. The various markets face a wide range of challenges. The tourism industry has been negatively impacted by the pandemic. There are fewer international travelers and flights. As a result, fewer people are using E-visa. Since 2020, the E-Visa market has experienced significant revenue declines. But since 2021, aviation travel has been rapidly increasing. The market is seeing significant demand from previous years. Increasingly, contactless documents are required. The virus may spread more readily when physical passports and visas are used.
Such communications are less common with electronic visas, though. The checking process is simple. Validate and verify this visa. In this area, airports are getting safer and more secure. In this industry, there are both software and services segments. After COVID, these E-Visa Market Segments will have a large scope. It is anticipated that development and adoption will increase in the next years.

TABLE OF CONTENT

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1 EXECUTIVE SUMMARY

1.1 MARKET ATTRACTIVENESS ANALYSIS 13

1.1.1 GLOBAL E-VISA MARKET, BY COMPONENT 14

1.1.2 GLOBAL E-VISA MARKET, BY PLATFORM 15

1.1.3 GLOBAL E-VISA MARKET, BY APPLICATION 16

1.2 GLOBAL E-VISA MARKET, BY REGION 17

2 MARKET INTRODUCTION

2.1 DEFINITION 18

2.2 SCOPE OF THE STUDY 18

2.3 RESEARCH OBJECTIVE 18

2.4 MARKET STRUCTURE 18

3 RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS 19

3.2 PRIMARY RESEARCH 20

3.3 SECONDARY RESEARCH 21

3.4 MARKET SIZE ESTIMATION 21

3.5 FORECAST MODEL 23

3.6 LIST OF ASSUMPTIONS 24

4 MARKET DYNAMICS

4.1 INTRODUCTION 25

4.2 DRIVERS 26

4.2.1 SMART PROCESSES TO ELIMINATE PAPERWORK AND SUPPORT OPERATORS 26

4.2.2 FLEXIBILITY AND SCALABILITY TO MEET CHANGING NEEDS 26

4.2.3 DRIVERS IMPACT ANALYSIS 27

4.3 RESTRAINTS 27

4.3.1 GOVERNMENT AGENCIES DEVELOPING THEIR OWN E-VISA SOLUTIONS 27

4.3.2 RESTRAINT: IMPACT ANALYSIS 28

4.4 OPPORTUNITY 28

4.4.1 DEMAND FROM EMERGING ECONOMIES 28

4.5 REGULATORY LANDSCAPE / STANDARDS 28

5 MARKET FACTOR ANALYSIS

5.1 VALUE CHAIN ANALYSIS 30

5.1.1 TECHNOLOGY PROVIDERS/PARTNERS 30

5.1.2 SOLUTION PROVIDERS 31

5.1.3 GOVERNMENT AGENCIES 31

5.1.4 TRAVELERS 31

5.2 PORTER’S FIVE FORCES MODEL 31

5.2.1 BARGAINING POWER OF SUPPLIERS 32

5.2.2 BARGAINING POWER OF BUYERS 32

5.2.3 THREAT OF NEW ENTRANTS 33

5.2.4 THREAT OF SUBSTITUTES 33

5.2.5 INTENSITY OF RIVALRY 33

6 GLOBAL E-VISA MARKET, BY COMPONENT

6.1 OVERVIEW 34

6.2 SOFTWARE 34

6.3 SERVICES 34

7 GLOBAL E-VISA MARKET, BY PLATFORM

7.1 OVERVIEW 36

7.2 DESKTOPS 36

7.3 SMARTPHONES 36

7.4 TABLETS 36

8 GLOBAL E-VISA MARKET, BY APPLICATION

8.1 OVERVIEW 39

8.2 TRAVELING 39

8.2.1 LEISURE TRAVELLING 39

8.2.2 BUSINESS TRAVEL 39

8.3 STUDENTS/EDUCATIONAL VISA 39

8.4 GOVERNMENT/FOREIGN AFFAIRS 39

8.5 OTHERS 40

9 GLOBAL E-VISA MARKET, BY REGION

9.1 OVERVIEW 42

9.2 NORTH AMERICA 44

9.2.1 US 45

9.2.2 CANADA 47

9.2.3 MEXICO 48

9.3 UK 51

9.4 ASIA-PACIFIC 53

9.4.1 INDIA 55

9.4.2 VIETNAM 56

9.4.3 THAILAND 58

9.4.4 SINGAPORE 59

9.4.5 MALAYSIA 61

9.4.6 AUSTRALIA 62

9.4.7 REST OF ASIA-PACIFIC 64

9.5 REST OF THE WORLD 66

10 COMPETITIVE LANDSCAPE

10.1 COMPETITIVE OVERVIEW 68

10.2 COMPETITIVE BENCHMARKING 69

11 COMPANY PROFILES

11.1 MÜHLBAUER GROUP 70

11.1.1 COMPANY OVERVIEW 70

11.1.2 FINANCIAL OVERVIEW 71

11.1.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 71

11.1.4 SWOT ANALYSIS 72

11.1.5 KEY STRATEGIES 72

11.2 BLS INTERNATIONAL 73

11.2.1 COMPANY OVERVIEW 73

11.2.2 FINANCIAL OVERVIEW 73

11.2.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 74

11.2.4 SWOT ANALYSIS 74

11.2.5 KEY STRATEGIES 74

11.3 SCICOM (MSC) BERHAD 75

11.3.1 COMPANY OVERVIEW 75

11.3.2 FINANCIAL OVERVIEW 76

11.3.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 77

11.3.4 SWOT ANALYSIS 77

11.3.5 KEY STRATEGIES 78

11.4 CANADIAN BANK NOTE COMPANY, LIMITED (CBN) 79

11.4.1 COMPANY OVERVIEW 79

11.4.2 FINANCIAL OVERVIEW 79

11.4.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 79

11.4.4 1.5.5 KEY STRATEGIES 79

11.5 CSERVE TECHNOLOGIES 80

11.5.1 COMPANY OVERVIEW 80

11.5.2 FINANCIAL OVERVIEW 80

11.5.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 80

11.5.4 KEY STRATEGIES 80

11.6 GEMALTO NV (A THALES COMPANY) 81

11.6.1 COMPANY OVERVIEW 81

11.6.2 FINANCIAL OVERVIEW 81

11.6.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 82

11.6.4 SWOT ANALYSIS 82

11.6.5 KEY STRATEGIES 82

11.7 4G IDENTITY SOLUTIONS PVT. LTD (4GID) 83

11.7.1 COMPANY OVERVIEW 83

11.7.2 FINANCIAL OVERVIEW 83

11.7.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 83

11.7.4 KEY STRATEGIES 83

11.8 VFS GLOBAL GROUP 84

11.8.1 COMPANY OVERVIEW 84

11.8.2 FINANCIAL OVERVIEW 84

11.8.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 84

11.8.4 KEY STRATEGIES 85

11.9 SECURIPORT LLC 86

11.9.1 COMPANY OVERVIEW 86

11.9.2 FINANCIAL OVERVIEW 86

11.9.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 86

11.9.4 KEY STRATEGIES 86

11.10 SWISS AUTHENTIS S.A 87

11.10.1 COMPANY OVERVIEW 87

11.10.2 FINANCIAL OVERVIEW 87

11.10.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 87

11.10.4 KEY STRATEGIES 87

11.11 MITECH 88

11.11.1 COMPANY OVERVIEW 88

11.11.2 FINANCIAL OVERVIEW 88

11.11.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 88

11.11.4 KEY STRATEGIES 88