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MICE industry is a specialized niche of group tourism committed to book, plan, manage & deliver meetings, seminars, exhibitions, and other events. These events are held to achieve a range of business, academic, professional, or cultural objectives. MICE industry is one of the hospitalityu2019s industries, that has a positive impact in the growth of cities, businesses, destinations, and other aspects of the global market.
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MICE is an acronym for Meetings, Incentives, Conferences, and Exhibitions. It is the subset of the business travel or tourism industry in which large groups, usually planned well in advance, are brought together for certain events. This report aims to provide a detailed analysis of the MICE Industry. It focuses on the market dynamics, emerging trends in the segments, the future of markets, and insights on various drivers and restraints. Also, it analyses the key players and the competitive landscape in the MICE Tourism market. The MICE tourism market can be segmented by Events Meetings, Inventive, Conventions, and Exhibitions. The global MICE Industry size valued to USD 916.1 million in 2019, is predicted to garner USD 1.78 billion by 2030, with a CAGR of 6.1% from 2020-2030. Access Full Description of this report at: - https://www.nextmsc.com/report/mice-industry MICE tourism is a niche within business tourism. However, the word business needs to be interpreted in a broad sense. It also includes public bodies, semi-public bodies such as non-governmental organisations, associations, universities, and any other kind of organisation. MICE tourism is a type of tourism where large groups of people come together in a particular place and for a particular reason, such as a mutual interest. Therefore, it can also be considered a specific kind of group tourism. When meetings involve a large group of people, they are normally held at convention centres. Over the past few years, the term MICE has become less popular. Increasingly, it is referred to as the meetings industry or the events industry. As a business you could assist in facilitating MICE events. This means that you could contribute by providing all kinds of creative services, such as directional signages, banners, show displays, kiosks/exhibit space, event photography, event marketing, sponsorship management, AV/technical production, group air fulfilment, on-site event logistics & staffing, supplier management, virtual meetings, and risk management services. The global pandemic that swept across the entire world in early 2020 majorly affected businesses and companies immensely. Public gatherings which involved larger crowds were banned and activities of any other sort were prohibited due to strict lockdown regulations. This initially affected the MICE industry as several conferences, seminars and more events were either indefinitely postponed or cancelled. The events will in the future need to implement regulations to ensure safety of the guests while also keeping it easy for people to find what they need. Upon the world opening up for normal operations, the MICE industry aims to find even better location to conduct their events with all regulations in place. Some of the major key players in the MICE industry are: BI Worldwide, Ltd., BCD Group, One10, LLC, ITA Group, Inc, Conference Care Ltd, Meetings and Incentives Worldwide (M&IW), Maritz, Cievents, ACCESS Destination Service, 360 Destination Group, CSI DMC, The Freeman Company, Carlson Wagonlit Travel, IBTM, Creative Group, Inc., ATPI Ltd and The Interpublic Group of Companies, Inc. among others. KEY BENEFITS: The MICE industry report provides deep insights of the ongoing market trends with the qualitative and quantitative analysis of overall market and estimations through 2020-2030, with the expected opportunities for the MICE industry in the near future. The study comprises a deep dive analysis of the MICE industry trend including current and future trends for depicting the prevalent investment pockets in the market.
The report provides detailed information related to key drivers, restraints, opportunities, and their impact on the MICE industry. The report incorporates competitive analysis of the market players along with their market share in the MICE industry Request sample copy of this report at:- https://www.nextmsc.com/MICE-Industry/request-sample About Next Move Strategy Consulting Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics. We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solutions that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses. For more insights, please visit, https://www.nextmsc.com
