Europe immigration services market was valued at $10,734.8 million in 2021 and is projected to attain a market size of $18,449.8 million by 2030 at a CAGR of 6.6% during the forecast period 2022–2030.
Europe is facing an unprecedented influx of migrants and refugees, resulting in a growing demand for immigration services. This has put immense pressure on European Union (EU) member states, who are struggling to cope with the influx. In response, the EU has beefed up its border controls and tightened asylum rules. However, this has not deterred migrants and refugees from coming to Europe, and the number of arrivals is still rising.
The growing demand in the Europe immigration services market is putting a strain on already overburdened countries. Greece, Italy and Hungary have been particularly hard hit, as they are the main entry points into Europe for migrants and refugees. In addition to increasing border controls, the EU has also provided financial assistance to these countries to help them deal with the influx. However, with numbers still rising, it remains to be seen whether these measures will be enough to stem the tide of migrants and refugees coming to Europe.
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Competitive Landscape
Players in this space range from small, regional firms to large, global companies. While there may be some variation in what they offer, all are vying for a piece of the pie when it comes to Europe immigration services market.
In order to stay ahead of the competition, market players are keeping up with the latest trends and developments in Europe immigration services. This means tracking changes in government policy, monitoring competitors' activities, and understanding the needs and wants of r target market.
As per Astute Analytica study, the pure service providers are holding 15.70% share of immigration services market and local players are holding 76.50% of market share and rest is captured by consultancy/advisory firms.
Major players in Europe Immigration Services Market
Impact of COVID-19
Segmental Analysis
By Service Type
By service type, the Europe immigration services market is segmented into visa application, work permits, residency permits, documentation management and others. Wherein, the work permit segment is dominating the market and is also projected to grow at the highest CAGR during the forecast period.
European Blue Card is one of the most commonly issued work permits and it is available in 25 of the 27 EU Member States. The two exceptions are Denmark and Ireland. However, the UK does not participate in the Blue Card scheme. As per our study of the immigration services market, the number of work permits in Europe increasing and will continue to increase until the forecast period due to increasing global mobility strategies.
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By Destination
By Destination, the Europe immigration services market is classified into Intra- regional and inter- regional. The inter-regional is further segmented into the UK, EU, and Others. The intra-regional segment is expected to grow at a healthy CAGR of 6.9% thanks large-scale migration of business travelers and other workers to European countries.
However, the market for inter-regional immigration services in Europe is higher than that of the intra-regional market. This is because Europe is geographically located in a place close to low-income countries such as the Middle East, North Africa and Sub-Saharan Africa. Millions of people come to Europe from these countries in search of work and residence in Europe immigration services market.
On other hand, intra-regional migration from Eastern European countries to Western European countries is strong. However, it is still less than inter-regional migration to Europe. As per latest study, the biggest gains in cumulative inflows were recorded in Germany, Italy and the UK, while the losses were recorded in Poland and Lithuania.
By Customer Type
By Customer Type, the Europe immigration services market is classified into individual/private and enterprise (small, medium and large). The individual/ private segment holds the highest market share and is also projected to continue growing at the highest CAGR during the forecasting period. People migrate to other countries for various reasons, some migrate individually / privately and others migrate for business purposes mainly managed by the company.
As more and more people are migrating to Europe in search of better standards of living, the customers base of private/individuals will grow at a CAGR of 6.8% over the next few years.
By Country
Europe immigration services market has primarily covered UK, Germany, France, Italy, Spain, Russia, Poland and Rest of Europe. Wherein, Germany is holding major market share and is also witnessing growth at the highest CAGR of 8.5%. As per our study, most of the tourist and immigrants prefer the country because of various reasons such as better lifestyle and better job opportunities.
In the last few years, Germany has been reporting a shortage of skilled and qualified personnel. They are constantly looking for qualified engineers, IT experts, doctors, and other specialists. In order to pursue these, people emigrate to Germany. In line with this, foreign immigration authorities have also relaxed the strict requirements for traveling to Germany and working.
Our study on Europe immigration services market found that young immigrants in particular come to Germany, which could fill the expected gap caused by the low birth rate. Quality Immigration Act is a new law that extends the number of options for qualified professionals to come and work in Germany.
Segmentation Overview
By Service Type
By Destination
By Customer Type
By Country
Report Attribute | Details |
---|---|
Market Size Value in 2021 | US$ 10,734.8 Million |
Expected Revenue in 2030 | US$ 18,449.8 Million |
Historic Data | 2017-2020 |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Unit | Value (USD Mn) |
CAGR | 6.6% |
Segments covered | By Service Type, By Destination, By Customer Type, By Country |
Key Companies | Baker & McKenzie International , Berry Appleman and Leiden LLP, Biz Latin Hub Group, Deloitte Touche Tohmatsu Ltd., Envoy Global Inc., Ernst & Young Europe Ltd., Foster LLP, Fragomen, KPMG International Cooperative, LARM Group, Mayer Brown, Morgan Lewis & Bockius LLP, PricewaterhouseCoopers, Signature Relocation, Inc., Other Prominent Players |
Customization Scope | Get your customized report as per your preference. Ask for customization |
Immigration is the process of moving to a new country or region with the intention of staying and living there. People may choose to immigrate for various reasons such as employment opportunities, to escape violent conflict, environmental factors, educational purposes, or reunite with family.
The countries that are covered under Europe Immigration Services Market are UK, Germany, France, Italy, Spain, Russia, Poland and Rest of Europe.
The Europe Immigration Services Market is studied from 2017-2030.
The Europe Immigration Services Market is projected to grow at a CAGR of 6.6% during the forecast period 2022-2030 and is expected to reach US$ 18,449.8 Million by 2030.
Increasing economic growth and favourable economic and cultural impact in the country drives the growth of the Europe Immigration Services Market.
Work Permits segment holds the highest CAGR in the Europe Immigration Services Market during the forecast period.
Work Permits segment holds the highest CAGR in the Europe Immigration Services Market during the forecast period.
Germany is growing with the highest CAGR during the forecast period.
Because migrants take time to adapt to a new environment, this is one of the factor which restricts the growth of Europe Immigration Services Market.
Inter-Regional segment holds the highest market share in the Germany Immigration Services Market in 2021.
The three main causes of the current change in immigration trends are covid effect, low population, and low birthrate. Due to low population, ageing populations, and low birth rates, affluent nations like Canada, Australia, New Zealand, Japan, and EU Member States—especially Germany—face a severe lack of skilled employees. Mobility is fueled by disparities in development metrics that exist even within EU member states.
Some general trends are employer demand for foreign talent remains high, Green card sponsorship is stabilizing and competition for talent is global. In this regard, Europe is undertaking a number of initiatives to attract more highly skilled immigrants. Immigration as a political and social concern is growing in importance in the Western Hemisphere, especially in Europe.
Service Type, Destination, Customer Type and Country are the different segments in the Europe Immigration Services Market.
Baker & McKenzie International, Berry Appleman and Leiden LLP, Deloitte Touche Tohmatsu Ltd, Envoy Global Inc. Ernst & Young Europe Ltd., KPMG International Cooperative, LARM Group, Morgan Lewis & Bockius LLP and Signature Relocation, Inc. among others.
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