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MICE Industry Market Growth Factors, Segmentation, Trends, Opportunities, Key Players and Forecast | Evolve Business Intelligence

03-04-2024 07:53 PM CET | Industry, Real Estate & Construction

Press release from: Evolve Business Intelligence

MICE Industry Market Growth Factors, Segmentation, Trends,

As per the study initiated by Evolve Business Intelligence, the global MICE Industry Market size accounted for USD 42.21 Billion in 2023, growing at a CAGR of 7.80% from 2023 to 2033. The MICE industry refers to the Meetings, Incentives, Conferences, and Exhibitions/Events sector, which encompasses a range of business activities related to organizing and hosting gatherings, conferences, exhibitions, and corporate events. This industry serves as a platform for professionals, organizations, and stakeholders to convene, exchange ideas, showcase products and services, and foster business relationships. Meetings involve small to large-scale gatherings of individuals for discussions, workshops, or presentations. Incentive travel involves rewarding employees or clients with travel experiences as a form of recognition or motivation. Conferences are organized events with speakers, sessions, and networking opportunities around specific topics or industries. Exhibitions and events involve showcasing products, services, or innovations to a targeted audience. The MICE industry plays a vital role in driving economic growth, promoting tourism, and facilitating knowledge exchange and collaboration across various sectors and industries.

The MICE Industry market is primarily driven by the globalization of businesses, leading to an increased need for international meetings, conferences, and exhibitions to facilitate networking and collaboration across borders. Additionally, the rise of corporate travel and the growing trend of companies investing in incentive programs to boost employee motivation and performance further stimulate demand within the market.

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Key Highlights:
• The global MICE Industry Market size was valued at USD 42.21 billion in 2023 growing at a CAGR of 7.80% from 2023 to 2033.
• North America dominated the market in 2023
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033

Evolve Business Intelligence has just unveiled its latest market research report focusing on the Global MICE Industry Market. This comprehensive report delves into various facets of the market, including market size and projections, market dynamics, competitor market share analysis, market value and volume, SWOT analysis, product comparisons, recent advancements by major players, and prospective opportunities. Furthermore, the market's evaluation in the dynamic chapter considers four key indicators: Drivers, Constraints, Emerging Trends, and Challenges.

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Key Players
Some of the major MICE Industry Market players holding high market shares include Maritz, FCM Travel, Conference Care Ltd., ATPI Ltd., and Creative Group, Inc. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• The Interpublic Group of Companies, Inc.
• IBTM World
• Meetings and Incentives Worldwide, Inc
• BCD Group International BV
• ACCESS Destination Services
• One10, LLC
• Maritz
• FCM Travel
• Conference Care Ltd.
• ATPI Ltd.
• Creative Group, Inc.
• The Freeman Company

Segmental Analysis
Market Segment By Event Type
• Exhibitions
• Meetings
• Incentives
• Conventions

For more information: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=022332

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

Reasons to Buy this Report:
• Comprehensive insights.
• Reliable and accurate data.
• Market size and data forecast
• Competitive analysis.
• Identification of market opportunities.
• Risk identification and mitigation strategies.
• SWOT analysis.
• TAM Analysis
• Recent industry developments.
• Customization options.
• Expertise and guidance for strategic decision-making

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Website: https://evolvebi.com/

About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from Fortune's global 2000 companies

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