MICE industry Size, Share, Growth, Revenue, Forecast, 2032

The global MICE industry size was USD 693.21 billion in 2022. The industry is anticipated to surge from USD 904.30 billion in 2023 to USD 1,605.17 billion by 2030, exhibiting a CAGR of 8.54 % over the study period.

MICE refers to a group travel segment focused on planning, booking, and the organization of seminars, conferences, and events. The industry growth is being driven by an upsurge in globalization which offers numerous opportunities for business expansion.

Fortune Business Insights™ provides this information in its research report, titled "MICE industry, 2023-2030".

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅- https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/mice-market-108653
𝐋𝐢𝐬𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭:

▶ ITA Group (U.S.)
▶ Flight Centre Travel Group Limited (Australia)
▶ Freeman (U.S.)
▶ Meetings and Incentives Worldwide, Inc. (U.S.)
▶ Conference Care (U.K.)
▶ One10, LLC (U.S.)
▶ BCD Meetings & Events (U.S.)
▶ Creative Group, Inc. (U.S.)
▶ Access (U.S.)
▶ CWT Meetings & Events (U.S.)

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:
Meetings Segment Leads the industry Driven by Upsurge in Corporate Events
By event type, the industry is subdivided into incentives, meetings, exhibitions, and conventions. The meetings segment holds a dominating industry share. This can be attributed to a rise in the number of corporate events across the globe. Some of these events comprise management planning meetings, general meetings, annual business meetings, board meetings, supplier meetings, and others.

Based on geography, the industry for MICE has been analyzed across North America, Asia Pacific, Europe, South America, and the Middle East & Africa.

𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞:

The report provides an insight into the key trends in the global industry. It further delves into the impact of COVID-19 pandemic on industry expansion. The report gives an overview of the prominent factors driving the industry expansion over the coming years. The vital strategies deployed by industry players for expanding the reach of their services have also been covered in the report.
𝐆𝐞𝐭 𝐚 𝐐𝐮𝐨𝐭𝐞- https://www.fortunebusinessinsights.com/enquiry/get-a-quote/mice-market-108653

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬:

Expanding Travel and Tourism Sector to Drive Industry Expansion

The MICE industry growth is being driven by an upsurge in business trips across the globe and the expanding travel and tourism sector. Additional factors favoring industry expansion included the ease in travel bookings, change in lifestyle, and a surge in infrastructure.

However, the industry growth may be restrained by the political instability across the globe. Such occurrences particularly affect countries dependent on the tourism sector for revenue generation.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:

Europe Dominates the industry Driven by the Surge in Corporate Activities

Europe accounts for a leading MICE industry share in the global industry. This can be attributed to an escalation in corporate activities across numerous industries such as automobiles, pharmaceuticals, information technology, and others.

Asia Pacific is set to expand at the highest CAGR over the study period. This is due to an upsurge in government investments focused on infrastructure enhancement in the region.

Over the past couple of years, the regions of South America and the Middle East registered an upsurge in tourist footfall. The Latin America industry is set to rise owing to the upsurge in professional business event organizers in the region.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

Industry Players Focus on Innovation to Gain Strong Footing

Major MICE industry players are deploying numerous strategies to gain strong footing in the industry. Some of these steps constitute partnerships, innovation, and business expansion. Furthermore, to raise brand awareness, industry players are adopting industrying and promotion strategies.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐮𝐦𝐦𝐚𝐫𝐲: https://www.fortunebusinessinsights.com/mice-market-108653
𝐊𝐞𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭:

September 2023 - Freeman announced a collaboration with 42Chat. The deal focuses on the launch of conversational AI chatbots for supporting attendee engagement for conference and trade show organizers.
𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬-

https://www.fortunebusinessinsights.com/travel-retail-market-104620
https://www.fortunebusinessinsights.com/travel-retail-market-104620
https://www.fortunebusinessinsights.com/adventure-tourism-market-107924

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This release was published on openPR.