TOURIST VISA SERVICE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

The global tourist visa service market is witnessing exponential growth on account of rising international travel and tourism activities worldwide. A tourist visa allows foreign nationals to enter a country for the purpose of tourism for a specific period. With growing globalization and increasing economic opportunities across countries, international travel for leisure and business has risen dramatically over the past decade. Various countries have also liberalized their visa policies and processes to encourage more inbound tourism. This has significantly boosted the demand for tourist visa facilitation and related services globally.

Market Dynamics:

Rising international travel is the major growth driver for the tourist visa service market. According to the United Nations World Tourism Organization, international tourist arrivals grew by 4% in 2019 to reach 1.5 billion. The increasing affordability of air travel and emergence of low-cost airlines have made foreign destinations more accessible. Moreover, the ease of online visa applications and biometrics-enabled processes have streamlined the visa acquisition process. However, political uncertainties and security issues in certain countries continue to hinder the growth of inbound tourism. Nevertheless, initiatives toward visa-free or visa-on-arrival policies by various nations present lucrative opportunities for market expansion.

Key Features of the Study:

- This report provides an in-depth analysis of the global tourist visa service market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year

- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market

- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players

- It profiles key players in the global tourist visa service market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies

- Key companies covered as a part of this study include Anatolia Travel Services, Astons, BLS International, CIBT, Civitas Capital Group, CMB Regional Centers, CS Global Partners, GDIT, Huriya Private, KPMG, OIS, Planejamento, Primex Immigration, Silver Fern Immigration Services, and VFS Global

- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

- The global tourist visa service market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global tourist visa service market

Detailed Segmentation:

• By Type
  • Long-term Visa
  • Short-term Visa
• By Applications
  • Individual
  • Tourist Group
  • Others
• By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Key Players Insights
  • Anatolia Travel Services
  • Astons
  • BLS International
  • CIBT
  • Civitas Capital Group
  • CMB Regional Centers
  • CS Global Partners
  • GDIT
  • Huriya Private
  • KPMG
  • OIS
  • Planejamento
  • Primex Immigration
  • Silver Fern Immigration Services
  • VFS Global