Press release
MICE Industry Market Anticipated to Garner $1,990.1 Billion, Growing at 7.0% CAGR in the 2022-2031
MICE Industry Market
The global MICE industry market is predicted to witness noteworthy growth in the forecast period, 2022-2031. The increasing developments in the travel & tourism sector are boosting the growth of the market. The Europe region is predicted to be in the leading position in the forecast period.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐ง๐จ๐ฐ @ https://www.researchdive.com/download-sample/8408
๐ ๐๐๐ญ๐จ๐ซ๐ฌ ๐๐ฆ๐ฉ๐๐๐ญ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐๐๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก
The key factor boosting the growth of the global MICE industry market is a significant rise in the need for the MICE industry services due to the increasing economic growth caused by business globalization. Furthermore, the most recent technical developments in the MICE sector by market players are estimated to unlock lucrative opportunities for market growth in the forecast period. However, the high operational costs of the MICE industry and long-distance travel are anticipated to deter the market's growth.
๐๐ฆ๐ฉ๐๐๐ญ ๐จ๐ ๐ญ๐ก๐ ๐๐๐๐๐-๐๐ ๐๐๐ง๐๐๐ฆ๐ข๐ ๐จ๐ง ๐ญ๐ก๐ ๐๐๐๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ซ๐ค๐๐ญ
The outburst of the COVID-19 pandemic in 2020 adversely impacted the growth of the global MICE industry market. During the pandemic, the unprecedented lockdowns, numerous travel limitations, and a ban on social meetings and gatherings negatively impacted the MICE industry growth. In addition, the "work from home" option had a negative impact on the market's revenue. Several MICE industry organizers suffered an economic crisis and were forced to lay off a huge staff due to a drop in demand during the pandemic.
๐๐๐ ๐ฆ๐๐ง๐ญ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ
The report segments the global MICE Industry market into type and region.
The meetings sub-segment of the type segment is foreseen to observe leading growth in the forecast period. This growth is mainly due to the growing importance of meetings such as suppliers & clients, training seminars, management meetings, board meetings, product launches, retreats, and others in several business operations.
The report analyzes the global MICE Industry market across several regions such as North America, Asia-Pacific, Europe, and LAMEA. Among these, the Europe market is projected to observe significant growth in the estimated period. This growth is mostly due to an increase in the number of business tourists compared to leisure travelers in this region.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง @ https://www.researchdive.com/request-for-customization/8408
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The report states some of the foremost players operating in the global MICE industry market including ATPI Ltd., ACCESS Destination Services, BI Worldwide, BCD Group, Carlson Wagonlit Travel, Cievents, Creative Group, Inc., IBTM Events, Conference Care Ltd., CSI DMC, and others. These players are taking various initiatives such as investing in novel product launches, strategic alliances and collaborations, etc. to obtain a leading edge in the global market.
Also, the report provides numerous industry insights such as top strategic initiatives & developments, the novel launch of products, business performance, Porter's five forces analysis, and SWOT analysis of the foremost players, functioning in the global market.
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Research Dive maintaining the integrity and authenticity of the services, the firm provides services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, a team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable.
Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive delivers the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
๐๐จ๐ง๐ญ๐๐๐ญ:
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๐๐๐จ๐ฎ๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ข๐ฏ๐:
Research Dive maintaining the integrity and authenticity of the services, the firm provides services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, a team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable.
Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive delivers the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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