PUBLISHER: QYResearch | PRODUCT CODE: 1866861
PUBLISHER: QYResearch | PRODUCT CODE: 1866861
The global market for Visa Outsourcing Services was estimated to be worth US$ 2974 million in 2024 and is forecast to a readjusted size of US$ 5304 million by 2031 with a CAGR of 8.4% during the forecast period 2025-2031.
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 COVID-19 pandemic caused severe disruptions to the global visa outsourcing service market from 2020 onward, with travel restrictions, consular closures, and reduced mobility demand leading to unprecedented declines. Industry data from UNWTO, IATA, and the World Economic Forum confirms that while 2021-2022 saw gradual recovery in air passenger volumes, visa processing activity remained below 2019 levels during this transitional period.
As of 2023-2024, the market has entered a stable recovery phase, with analysts projecting a full return to pre-pandemic processing volumes by 2025. The sector is now demonstrating renewed growth, driven by pent-up travel demand and the resumption of business/leisure mobility.
VFS Global dominates the sector with >50% market share, competing primarily with TLScontact, CGI, GDIT, and BLS International. Regionally, North America leads (35.34% share in 2024), followed by Europe and Asia-Pacific - the latter poised for fastest growth. The Middle East/Africa remains strategically important, contributing 34% of VFS's revenue. Family visa applications constitute the largest segment (51.41% share), with this category expected to maintain dominance through 2031.
The market's recovery has transitioned from rebound to sustainable growth, supported by digital transformation in visa processing and stabilized global travel patterns. While regional variations persist, the sector's 2025 normalization reflects its critical role in enabling cross-border mobility amid evolving geopolitical and economic conditions.
This report aims to provide a comprehensive presentation of the global market for Visa Outsourcing Services, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Visa Outsourcing Services by region & country, by Type, and by Application.
The Visa Outsourcing Services market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. 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.
Market Segmentation
By Company
Segment by Type
Segment by Application
By Region
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Visa Outsourcing Services company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of Visa Outsourcing Services in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Visa Outsourcing Services in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.