Press release
Global Visa Outsourcing Services Market Research Report 2023
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.
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Visa Outsourcing Services Market
Visa 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 influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
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) Rest of Europe
Nordic Countries
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)
By Company VFS Global, CGI, GDIT, TLScontact, BLS International, CIBT, OIS, AlmavivA, Anatolia Travel Services
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