Meetings, Incentives, Conferences and Exhibitions (MICE) Global Market Demand and Accurate Outlook 2021-2026 | Destination Group 360, CSI DMC, CWT
Stephen Arrington July 27, 2022ConferencesComments Off on Meetings, Incentives, Conferences and Exhibitions (MICE) Global Market Demand and Accurate Outlook 2021-2026 | Destination Group 360, CSI DMC, CWT4 Views
Europe is expected to occupy the dominant position in the global market due to the increasing number of business trips. According to the Global Business Travel Association (GBTA), Germany, the UK, France, Spain and Italy account for 70% of the European business travel market. In 2017, this market was estimated to have increased by 6.8% to nearly 200 billion euros.
The globalization of business coupled with the increase in international business travelers is a key factor increasing the growth of meetings, incentive travel, conferences and exhibitions (MOUSE) market. The growing use of social media and meeting apps is again propelling the growth of the Meetings, Incentives, Conferences and Exhibitions (MICE) market. In November 2020, Microsoft announced that it would allow users of its video conferencing platform, Teams, to integrate new applications to make the platform more productive. The company adds 20 new apps – including Asana, HireVue, Monday.com, Slido and Teamflect, and others – to the Teams app store which already offers 700 apps
𝗧𝗼𝗽 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝗜𝗻𝗰𝗹𝘂𝗱𝗲: Maritz Holdings Inc., BI Worldwide, ITA Group, ONE 10, Meetings and Incentives Worldwide Inc., Creative Group, Access Destination Services, 360 Destination Group, CSI DMC, CWT, Reed Exhibitions Ltd, BCD Group, Corporate and Leisure Events, and ATPI Ltd.
The MICE industry includes meetings, incentives, conferences and exhibitions. In this large group, most of the planned wells are united under the aegis of a single organization. In fact, this is now widely used in all sorts of meeting-related materials, including seminar materials and business materials. The mouse industry can be termed as an international hospitality concept that involves the need for meetings and the participation of its employees in order to provide opportunities for career development, business expansion, and networking.
➤ North America: United States, Mexico and Canada
➤ South and Central America: Argentina, Chile, Brazil and others
➤ Middle East and Africa: Saudi Arabia, United Arab Emirates, Israel, Turkey, Egypt, South Africa and rest of MEA.
➤ Europe: United Kingdom, France, Italy, Germany, Spain, BeNeLux, Russia, Nordic countries and rest of Europe.
➤ Asia Pacific: India, China, Japan, South Korea, Indonesia, Thailand, Singapore, Australia and rest of APAC.
In order to meet the various demands of customers and readers, the study contains a brief summary of key industry participants and contributions. Clients will also find significant variables in this report that have a strong impact on the growth of the Meetings, Incentives, Conferences and Exhibitions (MICE) market such as vendor environment and recent intensity of competition.
By conducting a comprehensive review of manufacturers, producers, distributors and dealers, the research aims to assist key players in a variety of strategic decisions and vital investment objectives. Secondary and validated primary sources are used to evaluate key companies and their production data, percentage breakdowns, market shares, product industry breakdowns, and growth rates.
In February 2021, the Singapore Tourism Board (STB) announced the launch of the SingapoReimagine MICE Virtual Show, the first such collaboration between the STB and local MICE players.
In December 2020, SOTC Travel and the Singapore Tourism Board (STB) hosted an engaging and insightful virtual MICE event – “Growing MICE Connections, Achieving Together” for its esteemed clients
In February 2021, Thomas Cook (India) Ltd. launched a strategic business outreach campaign – the first physical MICE event of its kind in India since the lockdown, in partnership with Marriott International
In January 2021, NexTech AR Solutions formed a partnership with Coex, a South Korean convention and exhibition hall, and the largest of its kind in Seoul. This is the beginning of the launch of its platform in Asia where the meetings, incentives, conferences and events industry, known as MICE, has grown faster
MICE INDUSTRY TAXONOMY
➤ What is the estimated market growth rate for the forecast period 2022-2028?
➤ How big will the market be in the expected time frame?
➤ What are the main aspects that will determine the Meetings, incentives, conferences and exhibitions (MICE) market‘s fate during the forecast period?
➤ What are the winning strategies of leading market players to establish a strong foothold in the Meetings, Incentives, Conferences, and Exhibitions (MICE) Market industry?
➤ What are the key market trends influencing the growth of the Meetings, Incentives, Conferences and Exhibitions (MICE) Market across various regions?
➤ What are the major dangers and difficulties likely to hinder the growth of the Meetings, Incentives, Conferences, and Exhibitions (MICE) market?
➤ What are the most critical opportunities for market leaders to succeed and profit?
𝗧𝗮𝗯𝗹𝗲 𝗢𝗳 𝗖𝗼𝗻𝘁𝗲𝗻𝘁:
1. Market overview
Research objective and hypothesis
2. Market overview
Description of the report
Market definition and scope
Market extract, by function
Market Extract, By Application
Market extract, by region
Consistent Opportunity Map (COM)
3.Market dynamics, regulation and trend analysis
Merger and acquisition
Launch/Approvals of the new system
Value chain analysis
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