Immigration Services Market Cost Drivers, Cost Intelligence and Cost Saving Opportunities 2020–2027

Procurement Outlook

Immigration services refer to any form of assistance or processes to aid during immigration matters provided by various government departments, and private or corporate agencies. For example, the government body which handles the immigration services in the US is the United States Citizenship and Immigration Services (USCIS). However, several services are outsourced to private organizations although USCIS remains the final deciding body that gives the go-through for immigration. Some of the services that are carried out by an outsourced immigration service provider are processing visa applications, monitoring and updating application status, removal or deporting hearing, naturalization, and other citizenship confirmation issues, employment, and immigration matters, etc. With a surge in migration especially in countries like Canada or the US, the requirement for immigration services industry is consistently increasing.

Read report summary or request a free sample copy of the report @ Immigration Services Industry Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2020 – 2027

Demand Outlook

The US market for immigration services was valued at USD 4.6 billion in 2020 and it is expected to demonstrate a 3.8% CAGR from 2020 to 2027. Overall, the global market is expected to grow at a CAGR rate of 5.4% with Canada, several North European, Middle Eastern, and Southeast Asian counties propelling industry growth. However, the larger markets for immigration services are the UK, US, and Germany.

From a segmentation perspective based on services provided, visa permits and work permits help immigration service providers generate the highest revenue. Several service providers specialize in only these two types of immigration service functions.

Cost Drivers

Rising onsite opportunities of moving to a different nation to work have been increasing over the last decade. Countries like the US, Middle Eastern countries like Dubai, Saudi Arabia, Oman, etc, West European nations, or southeast Asian counties are the preferred destination for relocation due to job-related opportunities. Therefore, there is an upsurge in the requirement for service providers who aid the government to process such as work permits and visa applications. This is leading to an increase in business opportunities for immigration service providers. With work automation, centralized database management systems, and inter-agency cooperation, the time taken to complete verification work has significantly reduced. Hence, the cost of completing a task has decreased leading to higher efficiency and therefore greater revenue generation per hour.

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