According to our (Global Info Research) latest study, the global Visa Service market size was valued at US$ 5370 million in 2024 and is forecast to a readjusted size of USD 10430 million by 2031 with a CAGR of 8.9% during review period.
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.
The growth trend will be maintained in 2024, but the growth rate will slow down compared with 2023, and the scale of the industry will basically return to the level of 2019.
North America is the largest region, with 39% global market share in 2023, followed by Europe and APAC. Middle East and Africa is another key region in this market. VFS is the major player in this region, and its 34% business revenue share contributed to this region. Asia-Pacific is estimated to expand further at the fastest CAGR during the forecast period.
The visa service market includes visa outsourcing companies such as VFS, TLScontact, etc. At the same time, it also includes the highly fragmented travel agency visa services that occupy a larger market. In the field of visa outsourcing, VFS occupies more than 50% of the market share. Its main competitors are TLScontact, two outsourcing companies directly selected by the US State Department, CGI, GDIT. and BLS International, etc.
This report is a detailed and comprehensive analysis for global Visa Service market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Visa Service market size and forecasts, in consumption value ($ Million), 2020-2031
Global Visa Service market size and forecasts by region and country, in consumption value ($ Million), 2020-2031
Global Visa Service market size and forecasts, by Type and by Application, in consumption value ($ Million), 2020-2031
Global Visa Service market shares of main players, in revenue ($ Million), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Visa Service
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Visa Service market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include VFS Global, CGI, GDIT, TLScontact, BLS International, CIBT, Fragomen, OIS, Visa First, Akbar, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market segmentation
Visa Service market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Tourist Visa
Business Visa
Working Visa
Study Visa
Others
Market segment by Application
Personal
Family
Enterprise
Market segment by players, this report covers
VFS Global
CGI
GDIT
TLScontact
BLS International
CIBT
Fragomen
OIS
Visa First
Akbar
Onlinevisa
Enhance Visa
Visa House
iVisa
Washington Express Visas
AlmavivA
BTW
Siam Legal International
PassportVisasExpress
TDS
VEVS Global
VisaHQ
Anatolia Travel Services
Atlas
ItsEasy
Market segment by regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Visa Service product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Visa Service, with revenue, gross margin, and global market share of Visa Service from 2020 to 2025.
Chapter 3, the Visa Service competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and by Application, with consumption value and growth rate by Type, by Application, from 2020 to 2031
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2020 to 2025.and Visa Service market forecast, by regions, by Type and by Application, with consumption value, from 2026 to 2031.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of Visa Service.
Chapter 13, to describe Visa Service research findings and conclusion.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
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