Summary:
This report studies the MICE market, from angles of players, regions, product types and end industries, to analyze the status and the future.
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.
In the Indonesian market, Major participants are PT Pamerindo Indonesia, GEM Indonesia, Debindo-ite, Melali Mice, Association of The Indonesia Tours & Travel Agencies, Indonesian Congress and Convention Association, Indonesian Exhibition Companies Association and Jakarta Convention & Exhibition Bureau, etc.
Market Snapshot
A recently published report by QY Research, titled “Global MICE Market Size, Status and Forecast 2022” gives an overview of the overall MICE market. This section sheds light on key impact-rendering drivers and constraints that are impacting the growth. It permits users to understand the different shortcomings and how they may hamper the development afterward. This segment is considered to be one of the most crucial segments of the report as it helps readers comprehend the impact of various macro and microeconomic factors on development. The role of various sectors, including small-scale and large-scale, in the expansion has also been discussed in the report. Additionally, the industry experts have put forth the current trends and prospects, which are likely to aid the growth in the upcoming years.
The global MICE market size is projected to reach US$ million by 2027, from US$ million in 2020, at a CAGR of % during 2021-2027.
Impact of Covid-19 Outbreak
This section of the report has explored the overall status of the Covid scenario and has offered valuable insights into the changes in supply chain disruption, fluctuations in demand, etc. The analysts have also focused on the key measures that the companies are opting to withstand the harsh scenario.
Segmental Analysis
The report has been segmented into product and application segments. The researchers have documented all the products present today in the MICE market. They have also shed light on the new product innovations and launches by the key players. In the segmental analysis, the analysts have provided revenue forecast figures based on type and application for the period 2016-2027. They have also discussed about the growth rate and potential of each segment for the period 2016-2027.
MICE Breakdown Data by Type
Meetings
Incentives
Conferencing
Exhibitions
MICE Breakdown Data by Application
Academic Field
Business Field
Political Field
Others
Regional Analysis
The significant regions that are studied in the research report encompass North America, Europe, Asia Pacific, Central and South America, and the Middle East and Africa. In this section of the report, the specialists have explored various areas that are contributing to the development and can present lucrative growth prospects for the manufacturers in the forthcoming years. The report also provides region-wise and country-wise sales and revenue forecast data for the period 2021-2027.
Competitive Landscape
This segment focuses on the key players operating in the industry. It underlines all the current and future activities by the prominent manufacturers. By understanding various initiatives being taken up by different players, readers will gain the ability to settle on correct business choices. The authors of the report have provided accurate revenue figures of the companies for the period 2016-2021. The clients are sure to gain the upper hand once they get hold of this report. Key players studied in the research report include:
PT Pamerindo Indonesia
GEM INDONESIA
Debindo-ITE
MELALI MICE
Association of The Indonesia Tours & Travel Agencies
Indonesian Congress and Convention Association
Indonesian Exhibition Companies Association
Jakarta Convention & Exhibition Bureau
Frequently Asked Questions
What factors will challenge the MICE market growth?
Which end-use segment will expand at the fastest CAGR in the MICE market?
Which are the emerging players in the MICE market?
How concentrated is the MICE market?
Which factors are positively contributing to the MICE market growth?
Which are the novel product innovations in the MICE market?
Which product segment will emerge as the most lucrative in the MICE market?
Which factors are increasing the competition in the MICE market?
Which are the strategic measures taken by the MICE industry players?
Which region will witness inactive growth during the forecast period?
Summary:
Get latest Market Research Reports on MICE (Meetings, Incentives, Conferencing, Exhibitions). Industry analysis & Market Report on MICE (Meetings, Incentives, Conferencing, Exhibitions) is a syndicated market report, published as MICE (Meetings, Incentives, Conferencing, Exhibitions) Market Size, Share & Trends Analysis Report By Type (Meetings, Incentives, Exhibitions), By Application (Academic Field, Business Field, Political Field, Exhibitions, Others) MICE Industry Based On Region, And Segment Forecasts, 2021 - 2027. It is complete Research Study and Industry Analysis of MICE (Meetings, Incentives, Conferencing, Exhibitions) market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.