E-Visa Market Size

E-Visa Market size was over USD 1.05 billion in 2024 and is projected to reach USD 4.13 billion by 2037, witnessing around 11.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of E-visa is assessed at USD 1.15 billion.

The rise in need for advanced verification means, increase in the number of identity frauds, a supportive regulatory structure, the presence of advanced airport infrastructure, and growth in air traffic are the major factors estimated to drive the global market. E-passports and E-visas are used to verify the identity of a traveller through digital means, with the use of unique identification numbers, digital signatures, and others. Growth in international traveling is expected to positively affect the market growth. As per the reports of the Federal Ministry for Economic Affairs and Energy, total 1.4 billion people travelled to different countries in 2018. Out of these, 713 million international tourists travelled to Europe. The rise in penetration of the internet globally and the development of smart cities are expected to boost market growth. Moreover, increasing investment of government and non-government organizations for the IoT device market, is also expected to contribute to the market growth. E-visa is for shorter stay but is much easier to apply and less time-consuming.

COVID-19 had a significant negative impact on the market due to lockdown and ban on international travel. The financial impact on individuals has also affected the tourism market in a negative manner. However, e-visa market trends are going to change post-pandemic.