Electronic visa (E-visa) refers to storing traditional paper visa information in electronic document form in the system of the visa issuing authority. After successful processing, it can be printed and used. ‌

The convenience of electronic visas lies in the fact that applicants do not need to provide the original passport, only the front page of the passport and some basic materials are needed to apply, and electronic visas for any country can be applied for anywhere in the world. ‌

Overview of Market Development

Currently, the global electronic visa market is steadily developing. With the increase of international tourism and business activities, as well as the increasing demand for security and convenience from governments around the world, the electronic visa market continues to grow. According to our research data, the estimated revenue of the global electronic visa market in 2024 is $1039 million, an increase of 9.37% compared to 2023.

In the future, with the acceleration of digital transformation, further improvement of biometric technology, and the application of multimodal biometric recognition, the security and convenience of electronic visas will be further enhanced, and the market prospects will be broad. It is expected that by 2029, the global electronic visa market revenue will increase to $1573 million. The compound annual growth rate (CAGR) for 2024-2029 is estimated to be 8.65%.

Segmented Market Analysis

From the perspective of types, electronic visas can be divided into RFID electronic visas and biometric electronic visas based on different identification technologies. Among them, RFID electronic visas occupy the largest market share, estimated at 55.41% in 2024.

From an application perspective, electronic visas are mainly used for travel, identity proof, immigration, and border control. Among them, the travel sub sector holds the largest share, estimated at 57.35% in 2024.

Source: www.globalmarketmonitor.com

Market Analysis of Major Regions

From a regional perspective, there are differences in the electronic visa market between different regions, with North America, Europe, and the Asia Pacific region dominating the development of the global electronic visa market. Among them, North America is the largest revenue market. According to the data, the estimated revenue of the North American electronic visa market in 2024 is $345 million, and the market share is expected to reach 33.21%; The Asia Pacific and European markets are expected to rank second and third with market shares of 33.11% and 25.51%, respectively.

Regions	Market Revenue (Million USD)	Market Share
North America	345	33.21%
Europe	265	25.51%
Asia Pacific	344	33.11%
South America	38	3.66%
Middle East & Africa	47	4.52%