MICE Market is anticipated to grow at a strong CAGR by 2024

Meetings, incentives, conferences and exhibitions (MICE) Market

MICE Market

MICE Market 2019-2024

MICE event locations are normally bid on by specialized convention bureaux in particular countries and cities and established for the purpose of bidding on MICE activities.

Meetings, incentives, conferences, and exhibitions MICE is a type of tourism in which large groups, usually planned well in advance, are brought together for a particular purpose. Recently, there has been an industry trend towards using the term meetings industry to avoid confusion from the acronym. Other industry educators are recommending the use of “events industry” to be an umbrella term for the vast scope of the meeting and events profession.
Indonesia is rich in tourism resources. The tourism industry is growing into one of Indonesia s pillar industries, and its contribution to GDP is now 3.78%.

Indonesia’s tourism competitiveness ranks 70th in nearly 200 countries and regions around the world.
By Application, the Business Feild accounts for the largest market share which is about 64.07% in 2017.

According to this study, over the next five years, the MICE market will register an xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global revenue market share of key companies in MICE business, shared in Chapter 3.

This report presents a comprehensive overview, market shares and growth opportunities of MICE market by product type, application, key companies, and key regions.

This study considers the MICE value generated from the sales of the following segments:

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Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
Meetings
Incentives
Exhibitions
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
Academic Feild
Business Feild
Political Field
Exhibitions
Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competitive landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in Chapter 3.

PT Pamerindo Indonesia
Pamerindo
GEM INDONESIA
Debindo-ITE
MELALI MICE
Indonesian Congress and Convention Association
Indonesian Exhibition Companies Association
Indonesia Hotel and Restaurant Association
Association of The Indonesia Tours & Travel Agencies
Society of Indonesia Professional Convention Organizer

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

To study and analyze the global MICE market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of the MICE market by identifying its various sub-segments.
Focuses on the key global MICE players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
To analyze the MICE with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks.
To project the size of MICE submarkets, with respect to key regions along with their respective key countries.
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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