MICE industry Market Value to reach 441.1 Billion USD by 2025 Globally

MEETINGS INCENTIVES CONFERENCING EXHIBITIONS MICE MARKET

MICE industry Market by Event Type (Meetings, Incentives, Conventions, and Exhibitions) – Global Industry Analysis & Forecast to 2025

Industry Outlook and Trend Analysis

The MICE industry has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period. The term MICE with regards to travel is an abbreviation for meetings, incentives, conferences, and exhibitions. The business alludes to a particular specialty of gathering the travel industry devoted to booking, planning, and seminars, facilitating conferences, and different occasions, and it is the most elevated income supporter of the travel business.

Drivers and Restraints

The industry is complicated, comprising of planners, participants, convention, sponsors and guest departments, meeting scenes, lodging, and providers for the most part being engaged with the arranging and execution of an occasion. The industry gives simple and advantageous strategies to arranging occasions and picks the correct goal, which shapes the premise of a successful occasion. The gathering business sector of the travel industry has seen exponential development attributable to quick globalization and extension of administration enterprises, and the consistent advancement of technological and scientific advancements.

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Market Classification

MICE industry, By Event Type, Estimates and Forecast, 2014-2025 ($Million)

• Meetings
• Incentives
• Conventions
• Exhibitions

MICE industry, By Key Players

• 360 Destination Group
• ITA Group, Inc
• Maritz
• One10, LLC
• Carlson Wagonlit Travel
• Meetings and Incentives Worldwide (M&IW)
• Creative Group, Inc.
• BI Worldwide, Ltd.
• ACCESS Destination Service
• CSI DMC
• IBTM

Regional Insights

In view of the district, Asia-Pacific is anticipated to observe the most elevated growth over the estimated time frame. This district is altogether determined by rising nations, for example, India, China, and Singapore.

MICE industry, By Region, Estimates and Forecast, 2014-2025 ($Million)

North America

North America MICE industry, By Country

• U.S. MICE industry
• Canada MICE industry
• Mexico MICE industry

Europe

Europe MICE industry, By Country

• Germany MICE industry
• UK MICE industry
• France MICE industry
• Russia MICE industry
• Italy MICE industry
• Rest of Europe MICE industry

Asia-Pacific

Asia-Pacific MICE industry, By Country

• China MICE industry
• Japan MICE industry
• South Korea MICE industry
• India MICE industry
• Southeast Asia MICE industry
• Rest of Asia-Pacific MICE industry

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South America

South America MICE industry

• Brazil MICE industry
• Argentina MICE industry
• Columbia MICE industry
• Rest of South America MICE industry

Middle East and Africa

Middle East and Africa MICE industry

• Saudi Arabia MICE industry
• UAE MICE industry
• Egypt MICE industry
• Nigeria MICE industry
• South Africa MICE industry
• Rest of MEA MICE industry

Competitive Analysis

The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.

Some of the key questions answered by the report are:

• What was the market size in 2014 and forecast from 2015 to 2025?
• What will be the industry market growth from 2015 to 2025?
• What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
• What are the major segments leading the market growth and why?
• Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?

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