Press-Releases

Meetings, Incentives, Conventions, and Exhibitions (MICE) Market to grow by USD 167 billion from 2022 to 2027, the market is fragmented due to the presence of prominent companies like 360 Destination Group, ATPI Ltd. and BCD Group – Technavio

NEW YORK, Sept. 24, 2023 /PRNewswire/ — The meetings, incentives, conventions, and exhibitions (mice) market is estimated to grow by USD 167 billion from 2022 to 2027, growing at a CAGR of 9.2%. The meetings, incentives, conventions, and exhibitions (MICE) market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer meetings, incentives, conventions, and exhibitions (MICE) market are 360 Destination Group, ATPI Ltd., BCD Group, BI WORLDWIDE, Capita Plc, Carlson, Inc., Conference Care Ltd., Coterie Spark, CSI DMC, Direct Travel Inc., Flight Centre Travel Group Ltd., GL events Group, ITA Group Inc., Maritz Holdings Inc., Meetings and Incentives Worldwide Inc., One10 LLC, Questex Media Group LLC, RELX Plc, REVEZ Corp. Ltd., and Sustain Europe.The report provides a full list of key companies, their strategies, and the latest developments. Download FREE Sample before buying


Technavio has announced its latest market research report titled Global Meetings, Incentives, Conventions, and Exhibitions (MICE) Market 2023-2027

Company Offering:

  • 360 Destination Group –The company offers meetings, incentives, conventions, and exhibitions such as off-site events, virtual and hybrid events, and conferences.
  • ATPI Ltd. –The company offers incentives to create a unique conference experience to empower the staff for the year ahead, by providing an environment in which the attendees could focus on planning and forecasting, whilst including fun and interactive elements to their overall experience.
  • For details on companies and their offerings –Buy the report!

By Geography, the market is classified as North America, Europe, APAC, Middle East and Africa, and South America. North America will have the largest share of the market.

  • North Americais estimated to contribute34%to the growth of the global market during the forecast period. The competitiveness of the North American travel business has increased significantly, leading to excess demand for air travel. This leads to a MICE market share war between traditional airlines and low-cost airlines, especially on popular routes, which is expected to result in expected price drops. However, the low prices offered will help offset the increase in additional fees, as they continue to see them as a new source of revenue. Furthermore, this growth is due to the growing number of online portals that have the potential to positively impact the US business travel industry. Detroit, Phoenix, Cleveland, Minneapolis, and Denver remain the most popular business travel destinations in the US. Hence, these factors are expected to drive market growth in the region during the forecast period.

Download a FREE sample reportto get more insights on the market share of various regions and the contribution of the segments.

  • Impactful driver-Digitalization of travel payments
  • Key Trend – Rapid increase in globalization
  • Major Challenges– the threat of growing terrorism

Market Segmentation

  • By Type, the market is classified into meetings, incentives, exhibitions, and conventions. Themeetingsegments are estimated to witness significant growth during the forecast period.

Technavio Research experts have provided more insights on the market share of segments – View FREE Sample Report

FAQS

  • How do the major trends impact the market?
  • How big is the North America market?
  • How do the key drivers and challenges impact the market?

Related Reports

Theventure capital investment marketsize is estimated to decline at a CAGR of 20.88% between 2022 and 2027. The market size is forecast to increase by USD 737.56 billion. This venture capital investment market report extensively covers market segmentation by sector (software, pharmaceutical and biotechnology, media, and entertainment, medical devices and equipment, and IT services and others), type (first-time venture funding and follow-on venture funding), and geography (North America, APAC, Europe, South America, and Middle East and Africa). The increasing VC investment in biotech and remote working software companies is driving market growth.

Thesecurity brokerage and stock exchange services marketis estimated to grow at a CAGR of 8.92% between 2022 and 2027. The market size is forecasted to increase by USD 690.6 billion. This security brokerage and stock exchange services market report extensively cover market segmentation by channel (offline and online), type (derivatives and commodities brokerage, equities brokerage, bonds brokerage, stock exchanges, and others), and geography (North America, APAC, Europe, Middle East and Africa, and South America). The growing demand for investment opportunities is the key factor driving the growth of the global security brokerage and stock exchange services market.

TOC:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Type

7 Market Segmentation by Service

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Company Landscape

12 Company Analysis

13 Appendix

About US

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact US:

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/meetings-incentives-conventions-and-exhibitions-mice-market-to-grow-by-usd-167-billion-from-2022-to-2027-the-market-is-fragmented-due-to-the-presence-of-prominent-companies-like-360-destination-group-atpi-ltd-and-bcd-group-301935794.html

SOURCE Technavio

rt

Source link
The content is by PR Newswire. Headlines of Today Media is not responsible for the content provided or any links related to this content. Headlines of Today Media is not responsible for the correctness, topicality or the quality of the content.

Back to top button