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Europe Immigration Services Market Size Worth USD 18,449.8 million by 2030 – Astute Analytica

CHICAGO, UNITED STATES, January 24, 2023 / -- Europe immigration services market value was US$ 10,734.8 million in 2021 and is forecast to attain a market size of US$ 18,449.8 million by 2030, registering a CAGR of 6.6% during the forecast period 2022–2030.

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Moving to a new area with the purpose of settling down and residing there is known as immigration. For different reasons, the need to leave a dangerous situation, including career possibilities, the pursuit of an education, environmental concerns, or the desire to be with family, people may decide to immigrate.

Factors Affecting the Growth of the Market

The market for immigration services has seen a rise in demand in recent years. This is a result of more and more individuals relocating to Europe to live and work. People are migrating to Europe for a variety of reasons, including the desire to live in a more secure political and economic environment, the chance to work in a more developed economy, and the potential for a higher standard of living.

There is a rising need for immigration services due to the enormous influx of migrants and refugees into Europe. Member states of the European Union (EU) are under tremendous pressure and are finding it difficult to handle the influx. In reaction, the EU has tightened its asylum policies and strengthened border restrictions. The number of immigrants and refugees entering Europe is still increasing, despite the fact that this hasn't stopped them. For example, from August to September 2021, the number of refugees and migrants arriving on the Greek islands of Lesbos and Kos doubled, placing a tremendous strain on regional reception facilities. In order to address the issue, the Greek government has asked the EU for extra assistance.

The need for immigration services in Europe is rising, placing further pressure on already overloaded nations. Given that they serve as the primary points of entry for migrants and refugees into Europe, Greece, Italy, and Hungary have been particularly heavily hit. The EU has not only tightened border controls but also given these nations financial support to help them deal with the surge. It is unclear whether these steps will be sufficient to stop the influx of migrants and refugees into Europe given that the numbers are constantly rising.

Study of COVID-19

• The market for immigration services in Europe is under a lot of financial strain due to the COVID-19 pandemic. Travel limitations were a problem for this industry as the government implemented a global lockdown, which had a serious impact on the business.
• Immigrants were substantially more likely to get COVID-19 infection due to a number of factors, including a higher incidence of poverty, crowded living quarters, and a high concentration in occupations where physical separation is challenging.
• As soon as the lockdown was removed and individuals resumed moving, the market for immigration services in Europe began to rebound. Following the pandemic, the demand for immigration has also surged. Additionally, there was a significant increase in visa approvals.
• In order to assist the widespread hiring of highly qualified individuals from other nations to fill the dwindling workforce across some of the important regions, businesses also made use of immigration services. The very dynamic nature of the immigration systems in different nations, however, causes frequent changes to the hiring and retention techniques employed by the company and has contributed to the rapid growth rate recovery of this industry.
• The pandemic encouraged adult learners to acquire languages remotely. Numerous nations that provide immigration services have implemented novel and creative procedures. For instance, online lessons were established in Germany to make up for the temporary shutdown of immigrant integration courses. However, for less-educated immigrants, particularly in the early stages of language learning, such online learning has proven challenging, delaying both language learning and broader social integration.

Segmentation Summary

By Service Type

In 2021, the work permit segment led the industry with a share of 45.3% and will exceed at the highest rate over the prognosis period. One of the most often given work permits is the European Blue Card, which is accessible in 25 of the EU's 27 member states. Ireland and Denmark are the only two outliers. However, the UK does not take part in the Blue Card program. According to our analysis of the immigration services industry, rising global mobility strategies have led to a growth in the number of work permits in Europe, and this trend will continue over the forecast period.

By Destination

In 2021, the inter-regional segment dominated the Europe immigration services industry, accounting for 59.9% of the share. On the other hand, the intra-regional segment will surpass a CAGR of 6.9% owing to the massive influx of labor and business tourists into European nations.

The market in Europe for inter-regional immigration services is larger than the intra-regional market. This is due to Europe's proximity to low-income nations, including those in the Middle East, North Africa, and Sub-Saharan Africa. In the immigration services market in Europe, millions of people from these nations go to Europe in quest of employment and permanent residence.

On the other side, there is significant intra-regional migration from countries in Eastern Europe to those in Western Europe. Even yet, it still represents a decrease in interregional migration to Europe. According to the most recent survey, Poland and Lithuania had losses in cumulative inflows while Germany, Italy, and the UK saw the largest increases.

By Customer Type

In 2021, the individual/ private segment acquired the highest share of 72.6% and will register a lucrative growth rate from 2022 to 2030. It is not uncommon for people to move to other countries for a number of reasons, some for private or independent reasons and others for company-controlled reasons.

The client base for private/individuals will increase at a CAGR of 6.8% over the coming years as more people move to Europe in search of higher living standards.

Country Analysis

Germany has a sizable market share and is expanding at the highest CAGR of 8.5%. According to our research, the majority of visitors and immigrants favor the nation for several reasons, including a better way of life and more favorable employment prospects.

Germany has been citing a lack of trained and skilled workers in recent years. They are always on the lookout for qualified doctors, engineers, and IT specialists. People immigrate to Germany to pursue these. In keeping with this, the stringent criteria for entering Germany and working have been loosened by foreign immigration authorities.

Young immigrants, in particular, travel to Germany, according to our study of the market for immigration services in Europe, which may help address the predicted labor shortage brought on by the low birth rate. With the passage of the Quality Immigration Act, more qualified individuals now have more possibilities for working in Germany.

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Prominent Competitors
The well-known companies in the Europe immigration services market are:
Signature Relocation, Inc.
Baker & McKenzie International
Berry Appleman and Leiden LLP
Morgan Lewis & Bockius LLP
Biz Latin Hub Group
Mayer Brown
Deloitte Touche Tohmatsu Ltd.
LARM Group
Envoy Global Inc.
KPMG International Cooperative
Ernst & Young Europe Ltd.
Foster LLP

Segmentation Outline
Europe immigration services market segmentation focuses on Service Type, Destination, Customer Type, and Country.
By Service Type
Visa Application
Work Permits
Residency Permits
Documentation Management
Others (if any)

By Destination
o The UK
o Europe
o Others

By Customer Type
Individual/ Private
o Small
o Medium
o Large

By Country
Rest of Europe

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About Astute Analytica
Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the Globe. They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of best cost-effective, value-added package from us, should you decide to engage with us.

Aamir Beg
Astute Analytica
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