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Visa Outsourcing Services Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports
Global Visa Outsourcing Services MarketVisa Service is a service where a service agency applies to a country's government for permission to enter, exit or transit the country at the request of an applicant, eliminating much of the paperwork required by an applicant to visit a country. Visa Service includes short-term business, work, study and tourism in some countries and other types of visas for applicants. In recent years, many governments have outsourced their visa processing to external partners. This has helped them to manage the increasing demand for visas in the age of booming international travel. Visa outsourcing can also benefit travellers, reducing processing times and improving customer service.
The global Visa Outsourcing Services market was valued at US$ 2086.2 million in 2022 and is anticipated to reach US$ 4389.7 million by 2029, witnessing a CAGR of 13.2% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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Global key players of visa outsourcing services include VFS Global, CGI, GDIT, etc. The top three players hold a share over 78%. North America is the largest region, with approximately 35% global market share, followed by APAC and Europe. Middle East and Africa is another key region in this market. Asia-Pacific is estimated to expand further at the fastest CAGR during the forecast period. The Family segment market occupied about 52% global market share, and is projected to hold a larger market size during the forecast period.
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Report Scope
This report aims to provide a comprehensive presentation of the global market for Visa Outsourcing Services, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Visa Outsourcing Services.
The Visa Outsourcing Services market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Visa Outsourcing Services market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Visa Outsourcing Services companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
Key Segmentations
By Company
• VFS Global
• CGI
• GDIT
• TLScontact
• BLS International
• CIBT
• OIS
• AlmavivA
• Anatolia Travel Services
Segment by Type
• Tourist Visa
• Business Visa
• Working Visa
• Study Visa
• Others
Segment by Application
• Personal
• Family
• Enterprise
By Region
• North America
• United States
• Canada
• Europe
• Germany
• France
• UK
• Italy
• Russia
• Nordic Countries
• Rest of Europe
• Asia-Pacific
• China
• Japan
• South Korea
• Southeast Asia
• India
• Australia
• Rest of Asia
• Latin America
• Mexico
• Brazil
• Rest of Latin America
• Middle East & Africa
• Turkey
• Saudi Arabia
• UAE
• Rest of MEA
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