Press release
MICE Industry Analysis, Growth By Top Companies, Future Demand and Leading Players Updates by Forecast to 2017-2028
MICE Industry
Access Full Summary: https://www.alliedmarketresearch.com/MICE-industry-market
Surge in presence of corporate industries, due to the massive increase in business activities such as client meetings, brand promotions, employee training activities, and others drives the growth of the global MICE industry. Moreover, rise in government initiatives to promote SMEs and liberalization of market entry to increase FDIs are anticipated boost the growth further.
Surge in globalization of businesses, increase in SMEs across the world, and growth of travel & tourism industry propel the growth of the industry. However, increase in social and geopolitical uncertainty and high cost of operation related to MICE events restrain the growth in the market. On the other hand, rise in infrastructural investments and technological advancements create new opportunities in the industry.
Fast-paced growth in the travel & tourism industry, surge in globalization, increase in the number of SMEs, and rise in disposable income fuel the global MICE market. On the other hand, high operational cost of conducting MICE events and increase in geopolitical and social uncertainties hamper the market growth. On the contrary, technological developments and infrastructural investments create lucrative business opportunities.
Get Free Sample Report PDF: https://www.alliedmarketresearch.com/request-sample/2433
Based on event type, the meetings segment held the major market share in 2017, accounting for more than three-fifths of the total share. This is due to better infrastructure and the trend of organizing hybrid meetings that involves the usage of various meeting and social media apps. On the other hand, the incentives segment is expected to register the highest growth rate, with a CAGR of 8.1% from 2018 to 2025, owing to focus of companies in developing countries on offering complete packages and comprehensive experience rather than only hotel rooms. Moreover, they offer concessions and add-ons, which in turn, supplements growth for the segment. The research also analyzes conventions and exhibitions.
Based on region, Europe, followed by Asia-Pacific and North America, contributed to the highest share in 2017, holding more than two-fifths of the total share, and is expected to maintain dominance during the forecast period. The global MICE market across Middle East is anticipated to exhibit the fastest CAGR of 25.3% during the forecast period.
Key market players analyzed in the research include Questex, LLC, IBTM Events, CWT Meetings & Events, Capital Travel and Events, BCD Meetings and Events, Conference Care Ltd., CiEvents, ATPI Ltd., The Freeman Company, and Interpublic Group of Companies, Inc.
Key findings of the study:
• The MICE industry was valued at $215.1 billion in 2020, and is estimated to reach $1,337.4 billion by 2028, growing at a CAGR of 21.3% during the forecast period.
• By event type, the incentive segment is estimated to witness the fastest growth, registering a CAGR of 24.1% during the forecast period.
• In 2020, depending on event type, the meeting segment was valued at $132.9 billion, accounting for 61.7% of the global MICE industry share.
• In 2020, the U.S. was the most prominent market in North America, and is projected to reach $109.1 billion by 2028, growing at a CAGR of 22.9% during the forecast period.
Enquire before buying: https://www.alliedmarketresearch.com/purchase-enquiry/2433
Similar Reports:
• Asia-Pacific MICE Industry is expected to grow at a CAGR of 8.6%
https://www.alliedmarketresearch.com/asia-pacific-MICE-industry-market
• Europe Events Market is projected to reach $123.9 billion by 2030
https://www.alliedmarketresearch.com/europe-events-market-A15957
• Sports Events Market is projected to reach $609.07 billion by 2031
https://www.alliedmarketresearch.com/sports-events-market-A16874
• Music Event Market is projected to reach $481.4 billion by 2031
https://www.alliedmarketresearch.com/music-event-market-A08029
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release MICE Industry Analysis, Growth By Top Companies, Future Demand and Leading Players Updates by Forecast to 2017-2028 here
News-ID: 2992194 • Views: …
More Releases from Allied Market Research
Escape Room Market are expected to increase by approximately 14.8% from 2023 to …
The incorporation of advanced innovations such as augmented reality (AR) and virtual reality (VR), along with the development of customized and themed escape room experiences created for specific audiences, are anticipated to provide global consumers with more personalized and unique entertainment experiences.
According to a new report published by Allied Market Research, titled, "Escape Room Market," The escape room market size was valued at $7.9 billion in 2022, and is estimated…
Smoking accessories market is set to surge, with a projected CAGR of 6.5% from 2 …
According to a new report published by Allied Market Research, titled, "Smoking Accessories Market," The smoking accessories market was valued at $3.1 billion in 2020, and is estimated to reach $6.3 billion by 2030, growing at a CAGR of 6.5% from 2021 to 2030. Online retail platform is the major driver of the smoking accessories market. Presently, most smoking accessories manufacturing companies have their own web-based retail stores where users…
Ergonomic chair market is forecasted to expand to $16.4 billion by 2031
According to a new report published by Allied Market Research, titled, "Ergonomic Chair Market," The ergonomic chair market was valued at $8.5 billion in 2021, and is estimated to reach $16.4 billion by 2031, growing at a CAGR of 6.6% from 2022 to 2031.
Ergonomic chairs are designed to promote correct posture, reduce strain on the body, and support the back, neck, and other areas of the body. These are becoming…
Private tutoring market is projected to reach a valuation of $123,511.4 million …
Growing awareness regarding basic and advance education, rising spending for better education facility and adoption of smart and online teaching methods are likely contribute for the growth of the private tutoring market
According to a new report published by Allied Market Research, titled, "Private tutoring Market by Type, End User and Course Type: Global Opportunity Analysis and Industry Forecast, 2021-2030," The private tutoring market size is expected to reach $123,511.4 million…
More Releases for MICE
Thailand MICE Forum 2019 Brings World's MICE Leaders Together
Bangkok, 25 September 2019 – The Thailand Convention and Exhibition Bureau (TCEB) recently successfully staged the Thailand MICE Forum 2019 and for the first time brought together leaders of the world's top MICE organisations under one roof in Bangkok, helping to drive Thailand towards its goal of becoming Asia's top MICE destination.
In just its third year, the event attracted leaders of the world's most prominent MICE associations including Mr. Philip…
Mice Model Market (Type - Transgenic Mice Model, Knockout Mice Model, Carcinogen …
Biomedical research has taken a front seat in the healthcare and pharmaceutical industries, to a point where a nation’s research and development landscape can be gauged by its level of investment in biomedical research. The past decade has consequently witnessed a staggering rise in biomedical research in most countries, both developed and developing. A significant part of this research investment typically goes into animal models, more specifically, mice models. This…
Global Mice Model Market |mice model, transgenic mice, knockout mice, knockout m …
Market Research Reports Search Engine (MRRSE) has been serving as an active source to cater intelligent research report to enlighten both readers and investors. This research study titled “Mice Model Market “
Mouse is a popular model system because it is a mammal with sophisticated genetic tools and significant genetic resources. The prospect of the mice as a model for exploring human pathophysiology and disease progression and for developing drugs is…
Mice Model Market: Mice Model Usage Increases in Scope Through Advanced Models
Biomedical research has taken a front seat in the healthcare and pharmaceutical industries, to a point where a nation’s research and development landscape can be gauged by its level of investment in biomedical research. The past decade has consequently witnessed a staggering rise in biomedical research in most countries, both developed and developing. A significant part of this research investment typically goes into animal models, more specifically, mice models. This…
Mice Model Market - Development of mice models of human diseases has progressed …
Mouse is a popular model system because it is a mammal with sophisticated genetic tools and significant genetic resources. The prospect of the mice as a model for exploring human pathophysiology and disease progression and for developing drugs is likely to be further widened by the introduction of new models such as immunedeficient and humanizing mouse in which human tissues and cells or genes are reconstituted. With 99% of their…
Thailand MICE Tourism Market
The MICE industry is one of the key sectors that Thailand intends to develop in order to stimulate quality visitors both within the country and abroad. Thailand is one of the most important and popular MICE destination worldwide. Thailand is famous MICE destination due to its solid basic infrastructure, strategic location, developed transportation systems, international connectivity, a well-trained private sector, continual government support and sound regulations. Each year, it stages…
