Market Highlights: An e-visa (electronic visa) is an online platform which allows an applicant to facilitate online application to get a visa. An e-visa is an advanced form of traditional documents introduced to improve the security structure as well as limit fraudulent cases, so as to increase integration competences with high-tech airport infrastructure. E-visas are used to check identity of a traveler over digital means using unique identification number, digital signature, & others, when crossing borders or entering into another country. This technology stores data of the traveler on a smart chip. Global e-visa market growth is driven by the introduction of e-visa application and services. It eases reduction of hassles throughout the processing and verification of documents at airports, reduces the processing time at immigration desks to get clearance, as well as also permits security personnel to focus their attention on the surveillance of suspicious & high-risk travelers. The market study is being classified by Type (Immigrant Visa and Non Immigrant Visa), by Application (Leisure Travel, Business Travel, Foreign Affair and Other) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, Rest of Asia-Pacific), Europe (Germany, France, Spain, United Kingdom, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the E-Visa are Gemalto (Netherlands), M2SYS Technology (United States), Muhlbauer Group (Germany), IDEMIA France SAS (France), PrimeKey Solutions AB (Sweden), Arjo Systems (Italy), Netrust (Singapore), Oberthur Technologies (France), Atlantic Zeiser (United States), Austria Card (Austria) and VFS Global (UAE).
The E-Visa Services Type, such as Visas in Advance, is boosting the E-Visa market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
Key Questions Answered in the Report What will the E-Visa Market size and the growth rate be in Future? What are the key factors driving the E-Visa Market? What are the key market trends and macro-economic impacting the growth of the E-Visa Market? What are the challenges to market growth? Who are the key vendors in the E-Visa Market? What are the market opportunities and threats faced by the vendors in the E-Visa Market? Trending factors influencing the market shares of the Players. What are the key outcomes of the five forces analysis of the E-Visa Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global E-Visa market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in E-Visa market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes E-visa Service Providers, Governments, Business Owners, Industry Association, End users and Others. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.