MICE Tourism Market Predicted to Witness Sustainable Evolution in Future | ATPI, Capita Travel and Events, IBTM Events

The Global MICE Tourism Market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2019-2027). The assessment provides a 360° view and insights, outlining the key outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions for improved profitability. In addition, the study helps venture or private players in understanding the companies more precisely to make better informed decisions.

Major Players are:
ATPI, Capita Travel and Events, IBTM Events, CWT Meetings & Events, Interpublic Group, BCD Meetings and Events, Cievents, Grass Roots Meetings and Events, Questex

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Definition:
MICE industry offers tourism services in which organizers and suppliers that manage and deliver meetings, conferences, exhibitions, and other related events held to achieve a range of professional, business, cultural, or academic objectives. MICE industry growth shall have a positive impact in the growth of businesses, cities, destinations, and other covered spectrums. According to expertise, The estimated global market size for MICE is 808 Bn USD for the year 2017. The industry is
growing at a blistering pace of 7.5% per annum and is expected to touch 1200 Bn in 5 years’
time from now.

The MICE Tourism Market is segmented by following:
Study by Type (Inbound Meetings, Incentives, Conferences, Exhibitions), Application (Hotel, Traffic, Retail, Entertainment), Channel (Direct Sales, Distributor)

Market Trends:
Increasing infrastructural development and continuous technological advancements in emerging nations

Market Drivers:
There has been a surge in presence of corporate industries all around the globe. This has increased the frequency of business activities such as client meetings, brand promotions, and employee training activities and has supplemented the growth of global MICE industry

Years considered for this report:
 Historical Years: 2015-2019
 Base Year: 2019
 Estimated Year: 2020
 Forecast Period: 2020-2027

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What are the market factors that are explained in the MICE Tourism Market report?

– Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the MICE Tourism market on a and regional scale.

– Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the MICE Tourism market dynamics and their latest trends, along with pertinent market segments and sub-segments.

– Analytical Tools: The Global MICE Tourism Market report includes the accurately studied and assessed data of the key industry players and their scope in the MICE Tourism market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

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Extract from Table of Content:
Chapter 01 – Executive Summary
1.1 360 Degree Synopsis
1.2 Market value (US$ million).
Chapter 02 – Market Overview
Chapter 03 – Key Success Factors
3.1 Strategies adopted by key market participants and factors that have turned into success.
3.2 Additional viewpoint on global average pricing analysis benchmark, and consumer’s sentiments’ analysis.
Chapter 04 – Covid-19 Crisis Analysis on Global MICE Tourism Market
Chapter 05 – Global MICE Tourism Market - Pricing Analysis
Chapter 06 – Global MICE Tourism Market Background
6.1 Macroeconomic factors affecting the Global MICE Tourism market
6.2 Explore supply chain and value chain analysis.
6.3 In-depth information about the market dynamics and their consequences.
Chapter 07 -- Global MICE Tourism Market Segmentation
Chapter 08 – Key and Emerging Countries Analysis in Global MICE Tourism Market
Chapter 09 – Global MICE Tourism Market Structure Analysis
Chapter 10 – Global MICE Tourism Market Competitive Analysis
10.1 Market Concentration Rate
10.2 Competition Scenario: BCG Matrix [Relative Market Share v/s Revenue Growth Rate]
10.3 Heat Map Analysis
10.4 Comparative Market Share Analysis by Players (2018-2019) Rank, [% Market Share, Market Revenue]
Chapter 11 – Assumptions and Acronyms
Chapter 12 – Research Methodology

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Key Questions Addressed in the Report
 Who are the top 20 players operating in the Global MICE Tourism market?
 What covers the drivers, restraints, opportunities, and challenges in the MICE Tourism industry?
 What are the growth trends in the market at the segmental and overall market levels?
 Which are the untapped emerging regions in the MICE Tourism market?
 What are the recent application areas in the market?

Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.
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