Meetings, Incentives, Conferences and Exhibitions (MICE) Global Market Demand and Accurate Outlook 2021-2026 | Destination Group 360, CSI DMC, CWT

𝗦𝘆𝗻𝗼𝗽𝘀𝗶𝘀 𝗼𝗳 𝗧𝗵𝗲 𝗥𝗲𝗽𝗼𝗿𝘁 –

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.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗢𝘃𝗲𝗿𝘃𝗶𝗲𝘄:

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.

𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗮 𝘀𝗮𝗺𝗽𝗹𝗲 𝘁𝗼 𝗼𝗯𝘁𝗮𝗶𝗻 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗮𝗻𝗱 𝗰𝗼𝗺𝗽𝗿𝗲𝗵𝗲𝗻𝘀𝗶𝘃𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗮𝘁 – https://www.coherentmarketinsights.com/insight/request-sample/3580

𝗦𝗰𝗼𝗽𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗿𝗲𝗽𝗼𝗿𝘁:

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.

𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀:

➤ 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.

𝗚𝗲𝘁 𝗣𝗗𝗙 𝗕𝗿𝗼𝗰𝗵𝘂𝗿𝗲 𝗗𝗶𝘀𝗰𝗼𝘃𝗲𝗿 𝗺𝗼𝗿𝗲 𝗿𝗲𝗽𝗼𝗿𝘁 𝗿𝗲𝗽𝗼𝗿𝘁 𝘄𝗶𝘁𝗵 𝗳𝗶𝗴𝘂𝗿𝗲𝘀 𝗮𝗻𝗱 𝗱𝗮𝘁𝗮 𝘁𝗮𝗯𝗹𝗲𝘀– https://www.coherentmarketinsights.com/insight/request-pdf/3580

𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲:

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.

Major developments:

1. 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.

2. 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

3. 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

4. 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

𝗙𝗔𝗤’𝗦:

➤ 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

Research objectives

Hypotheses

Abbreviations

2. Market overview

Description of the report

Market definition and scope

Summary

Market extract, by function

Market Extract, By Application

Market extract, by region

Consistent Opportunity Map (COM)

3.Market dynamics, regulation and trend analysis

Market dynamics

Drivers

Constraints

Market opportunities

Regulatory scenario

Industry trend

Merger and acquisition

Launch/Approvals of the new system

Value chain analysis

Porter’s analysis

PEST analysis

Continue…

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𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗨𝘀

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Consistent market information
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