MICE Industry Market- Size, Share, Growth, Revenue and Forecast

1. 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. 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 Meetings, Incentives, Conferences and Exhibitions (MICE) tourism is a type of tourism in which large groups, usually planned well in advance, are brought together. 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 and profession. Most components of MICE are well understood, perhaps with the exception of incentives. Incentive tourism is usually undertaken as a type of employee reward by a company or institution for targets met or exceeded, or a job well done. Unlike the other types of MICE tourism, incentive tourism is usually conducted purely for entertainment, rather than professional or education purposes. MICE events are usually centered on a theme or topic and are aimed at a professional, school, academic or trade organization or other special interest group. 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. Over time, the use of technology was able to revive these events as people switched to video conferences, and holding online seminars. This was a different approach but still manages to serve the purpose. Though the industry had to bear the brunt financially, by adapting to situations, it’s bound to bring forth more innovations while also being to recover from the earlier losses. 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. 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.

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