Global Meetings, Incentives, Conventions, and Exhibitions (MICE) Market Report Forecast 2021 to 2027

MICE (meetings, incentives, conferences, and Exhibitions) is a sort of tourism in which big groups of companies/people are brought together in preparation. To minimize confusion caused by the acronym, there has recently been a trend in the business to refer to it as the "meetings industry." Other industry instructors advocate for the word "events industry" to be used as an umbrella term for the whole meeting and event business.

The global Meetings, Incentives, Conventions, and Exhibitions (MICE) market size is projected to reach US$ XX million by 2027, from US$ XX million in 2020, at a CAGR of XX% during 2021-2027.

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The Key players operating in the Meetings, Incentives, Conventions, and Exhibitions (MICE) Market are :Interpublic Group of Companies (IPG), CiEvents, Questex, Freeman, ATPI, Conference Care Ltd., Grass Roots Meetings and Events, BCD Meetings and Events, CWT Meetings & Events, Capita Travel and Events, IBTM Events

Industry sectors like BFSI, IT & telecom, retail & ecommerce, government and defence, manufacturing, and automotive are currently the largest contributors to the worldwide IT Meetings, Incentives, Conventions, and Exhibitions (MICE) Market. As a result, throughout the projection period of 2021 to 2027, such high growth is expected to provide numerous growth possibilities for global market players. During the projected period, APAC is expected to grow at the fastest rate. In terms of the use of new technology across many sectors, the region is undergoing rapid transformation. With the use of SWOT analysis, the clients can also learn about market drivers and restraints in the industry. The expansion of infrastructure in Asia-Pacific, particularly in Japan, South Korea, Australia, Singapore, China, and India.

COVID-19 cases are increasing by the day, with multiple infected cases on the rise. COVID-19 has a significant impact on major organisations and SMEs, as it does on individuals. Manufacturing, automotive, textile, transportation and logistics, travel and hospitality, and consumer products are among the businesses that have been shut down as a result of country-level lockdowns around the world. In terms of GDP change, this would have a significant influence on Meetings, Incentives, Conventions, and Exhibitions (MICE) Market and world economy.

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