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In the Context of Digital Age, the Demand for E-Visa Will Increase

An electronic visa is stored in a computer and is linked to the passport number so no label, sticker, or stamp is placed in the passport before travel. The application is done over the internet, and the receipt acts as a visa, which can be printed or stored on a mobile device. E-visa application, payment, and application decisions are all conducted through the Internet. E-visa service uses biometrics, secure data storage, and identity verification technologies, etc.

E-Visa can be divided into immigrant visa and non-immigrant visa. Immigrant visa is granted to those who intend to settle permanently in the issuing country (obtain the status of permanent resident, and may be naturalized in the future), including spouse visa or partner visa, family member visa, marriage visa and pensioner visa. The government issues immigrant visas to foreign-born people who intend to stay permanently. Synonyms of immigrant visa include: permanent resident, immigrant, green card holder and foreign resident. People with immigration status can work in the country and live in the country with most privileges and rights like citizens. In order to visit a country temporarily, an applicant needs to apply for a personal non-immigrant visa. Usually, the terms of a non-immigrant visa require the visa holder to leave the visiting country within a certain time frame. The purpose of the visit may be tourism, business, temporary work or school. A student visa holder must continue to attend school to meet the visa requirements. Most non-immigrant visas are only issued to applicants who can prove their intention to return to their home country. In 2019, these two types respectively covered a market share of 30.77% and 69.23%.

E-Visa can be applied in travelling, business and foreign affair. For the purpose of traveling to other countries, people need to apply for visas according to the relevant government policies of the destination countries. General tourist visas are not allowed to engage in business activities during the limited leisure time. For more convenience, many people will choose e-visa. Nowadays, many countries also support e-visa, which makes it more convenient to travel abroad. With the development of economic globalization, international trade and crossborder trade are becoming more and more frequent. In order to seek foreign cooperation, open up foreign markets, etc., some business people enter other countries for the purpose of business exchange and trade, so they need to apply for visas, and electronic visas are also an option. With the advent of globalization, all countries are closely linked, and international exchanges are more frequent. Countries send diplomatic representatives to other countries for economic and political exchanges. This kind of visit for diplomatic purposes also requires a visa. Electronic visa is very convenient and fast, and it is also a choice for government personnel. In 2019, these three application fields respectively covered a market share of 62.41%, 15.31% and 7.82%.

Influence of COVID-19 Outbreak of E-Visa Industry Development

Under the influence of the epidemic, governments of various countries issued orders to make residents travel as little as possible. In particular, some areas with serious epidemic situation are tourist resorts, and many people cancel visa processing because of the epidemic situation, and they will also ask enterprises for refund. Enterprises have lost a large number of orders, and some small companies with imperfect capital flow have been eliminated by the industry. Residents travel less, the number of outbound trips decreases, and the demand for electronic visas also decreases. Many countries have suspended visa services because of the epidemic, which has a great impact on people who need to go abroad and enterprises that apply for e-visas. Companies in the e-visa service industry can not apply for visas for customers, or the processing time is prolonged, and needs of consumers cannot be met, thus affecting companies and reducing demand for e-visa and having an impact on the e-visa industry. However, with the development trend of the epidemic, some economic and trade activities have gradually resumed, and cross-border trade has also started, and the demand for electronic visas has gradually recovered.

The epidemic has caused serious losses to the tourism industry of various countries, and each country hopes to revive the tourism industry through policy adjustment. One of the ways is to cut down the red tape of visas. Russian Federal Tourist Agency is negotiating with the Ministry of Foreign Affairs and other agencies on a large number of problems in simplifying visas. These measures can not only help to resume inbound tourism, but also increase inbound tourism. After the epidemic situation is gradually controlled, countries may adopt active visa policies to promote national economic recovery and tourism development. Active visa policy will increase demand for e-visa, thus promoting the development of e-visa industry.

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With its developed economy, North America has always been the largest e-visa market. In 2020, its market value was 1318.02 M USD, a year-on-year decrease of 4.48%. In 2020, the global e-visa market value was 1985.97 M USD, a year-on-year decrease of 4.09%, showing the epidemic situation. It has caused major obstacles to global economic and trade activities and cross-border exchanges, affecting the e-visa service industry.

The Forecast of Global E-Visa Industry Market Development

Under the public background of the COVID-19 crisis, the industry is being affected. However, historical data shows that the impact of natural disasters on the macro economy is usually short-term, and the economy often shows a V-shaped trend. Affected by the disaster and market sentiment, the economic growth rate usually drops sharply in a short period of time, but as the disaster is gradually controlled, the market sentiment returns to stability, and the temporarily suppressed consumption and investment needs will be released, resulting in economic rebound. As the epidemic is brought under control, tourism and studying abroad have returned to normal, economic and trade activities have become active again, and foreign affairs activities will continue as normal. The demand for electronic visas will rise again. The downturn in the industry is only a temporary phenomenon.

As travelers embrace the digital and intelligent age, such as the constant updating of biometric technology. The speed of handling e-visa is getting faster and easier, which reduces the cost of enterprises. Due to the increasing number of identity fraud activities, the demand for advanced authentication is also growing. Enterprises are facing the challenge of safer and advanced technology, thus constantly updating and upgrading related science and technology and driving the development of the e-visa industry. Under the background of digital network, consumers have higher service requirements for enterprises. In order to simplify government procedures, the demand for e-visa-related services has begun to increase. The development of digital network has brought opportunities to the electronic visa industry and online visas are becoming more and more popular with its convenience. With the help of the Internet, applicants can obtain global visa information online. Many countries have introduced e-visa, which can be obtained through online application, which makes it easy for prospective visitors to organize their travel completely through the Internet. A simple online application process can help encourage travel, while digitizing traveler data can improve securitycountries can filter this information against international databases and watch lists to identify risks and prevent accidents. With all these advantages, more and more countries/regions have invested in this technology, and more and more travelers are using this technology to make their travel easier and easier. It is predicted that in the next five years, the world market of e-visa will continue to grow. The value of E-Visa markets can be 3142.02 M USD by 2025.

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