U.S. Meetings, Incentives, Conferences and Exhibitions Market Growth Accelerated by Virtualization and Hybrid Events

Sumedha

U.S. Meetings, Incentives, Conferences and Exhibitions Market Growth Accelerated by Virtualization and Hybrid Events

The U.S. Meetings, Incentives, Conferences and Exhibitions (MICE) industry refer to businesses that specialize in organizing and coordinating events such as business conferences, conventions, seminars, trade shows, corporate events and exhibitions for boosting business prospects. MICE events help companies network and strengthen relationships with potential and existing clients. The industry has gained traction over the years owing to growing need of businesses to establish professional connections. However, the onset of COVID-19 pandemic severely impacted the in-person event industry. The global U.S. MICE Market is estimated to be valued at US$ 144.88 Mn in 2024 and is expected to exhibit a CAGR of 7.7% over the forecast period 2024 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Opportunity:

The opportunity for digital revolution in the MICE industry is promising new growth prospects. The pandemic accelerated the shift towards virtual and hybrid events as in-person gatherings were restricted. While in-person events will bounce back, digital elements adopted during pandemic are likely to stay. This opens up opportunities for MICE organizers to offer personalized and engaging immersive digital experiences along with physical events. Technologies such as augmented and virtual reality can further enhance user experience. Companies specializing in digital MICE solutions and services are expected to witness higher demand. Integrating digital elements with physical events can help MICE industry reach wider audience and regain lost business opportunities caused during pandemic times.

Porter's Analysis

Threat of new entrants: The US Meetings, Incentives, Conferences and Exhibitions Market faces moderate threat of new entrants given the established industry participants and rising entry barriers such as need for experience and large investments.

Bargaining power of buyers: The bargaining power of buyers is high in this market as buyers have several product and service options to choose from.

Bargaining power of suppliers: The bargaining power of suppliers is moderate as there are many suppliers in this market and switching costs are low.

Threat of new substitutes: The threat of new substitutes is low as there are limited substitute options for meetings, incentives, conferences and exhibitions services.

Competitive rivalry: The competitive rivalry in the market is high due to the large number of regional and international players competing for market share.

SWOT Analysis

Strength: The US offers a large domestic market size, high spending power and strong industry networking opportunities. Meetings and events in the US are known for their scale, quality and focus on customer experience.

Weakness: The industry faces challenges such as seasonal demand, rising costs of operations and threats from online meeting platforms. Dependence on economic and political stability also impacts demand cycles.

Opportunity: Growth of hybrid meetings combining physical and virtual elements as well as focus on sustainability practices present new opportunities. Demand from industries such as pharmaceuticals and technology is expected to support growth.

Threats: Economic slowdowns, restrictions due to health emergencies and increased preference for virtual interactions are major threats. Security concerns regarding data privacy can negatively impact customer confidence in the industry.

Key Takeaways

The Global U.S. MICE Market is estimated to reach US$ 244.77 Mn by 2030 from US$ 144.88 Mn in 2024, expanding at a CAGR of 7.7% during the forecast period.

Growth is supported by rising spending on business travel and events including meetings, conferences and exhibitions by corporates. Regional analysis indicates that the Western US dominates the market with the states of California, Texas and Nevada hosting the maximum number of events due to availability of infrastructure and attractive locations.

Key players operating in the US Meetings, Incentives, Conferences and Exhibitions Market are Reflexion Health, AC INTERNATIONAL EAST, Cerner Corporation, Kareo, Inc, TherapySync, eviCore healthcare, Meditab, Isalus, Smith+Nephew, CoRehab srl, Hinge Health, Inc, SWORD Health, Inc, MIRA Rehab Limited, Motekforce Link, and GESTURETEK HEALTH.

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https://www.pressreleasebulletin.com/u-s-meetings-incentives-conferences-and-exhibitions-market-2/

Sumedha

Meetings, Incentives, Conferences And Exhibitions Market Enterprise Resource Planning Systems

Ashish Thapa 2023-11-03

Hybrid events allow both physical and virtual participation, thereby increasing accessibility and reducing costs. 8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Among these, the meeting & events segment dominates the market due to the growing adoption of virtual conference platforms amid COVID-19. The high spending power of consumers in this region propels the market growth. , Eventbrite, Cvent Inc, Reed Exhibitions, Informa plc, Emerald Expositions, BCD Meetings and Events, ATPI Ltd.

Israel Meetings, Incentives, Conferences And Exhibitions (MICE) Market Is Estimated To Witness High Growth Owing To Opportunity To Leverage Unique Venues

Pooja Khodke 2024-01-23

The Meetings, Incentives, Conferences and Exhibitions (MICE) market in Israel refers to business events and conferences held in unique venues across the country. The global Israel Mice Market is estimated to be valued at US$ 2. Key TakeawaysThe Global Israel Meetings, Incentives, Conferences And Exhibitions Market Demand is expected to witness high growth driven by rising business and leisure travel. The global Israel Meetings, Incentives, Conferences and Exhibitions Market is estimated to be valued at US$ 2. Key players operating in the Israel MICE market are IME Events, Lucy Event, CLAL Desal, Israel Convention Bureau.

India Meetings, Incentives, Conferences and Exhibitions (MICE) Market is Estimated to Witness High Growth

Rajkumar cmi 2024-01-30

The India MICE market refers to a range of products and services offered by event management companies for the purpose of hosting meetings, incentives, conferences and exhibitions in the country. This ensures seamless hosting of national and international conferences, seminars, product launches and incentive travel programs in India. The India MICE Market is estimated to be valued at US$ 3. The government has taken initiatives to promote MICE tourism which is expected to contribute significantly to the travel, accommodation and food & beverage sectors. Key players operating in the India Meetings, Incentives, Conferences and Exhibitions market are MICE Asia, Conference Connections Pvt Ltd, Creative Travel, CWT M&E Pvt.

The Rise of Hybrid and Virtual Events is Connected to Growth of Israel Meetings, Incentives, Conferences and Exhibitions Market

Lucy Kart 2023-11-01

The global Israel Meetings, Incentives, Conferences and Exhibitions Market is estimated to be valued at US$ 1. It involves organizing and hosting different types of events including meetings, incentives, conferences, exhibitions, and other business functions. The Israel MICE market offers several advantages such as providing networking opportunities, branding and marketing campaigns, teambuilding activities, and deal-making prospects for businesses. With Israel emerging as a global innovation hub, the need for collaborative business events to foster partnerships and ideation has been rising steadily. Regional analysis: Geographically, the Israel MICE market is dominated by Central and Tel Aviv region.

Israel Meetings, Incentives, Conferences and Exhibitions Market Is Estimated to Witness High Growth Owing to Increasing Number of MICE Events

avantika 2024-09-04

The Israel meetings, incentives, conferences and exhibitions (MICE) market involves the planning and execution of services including conference, meeting, incentive travel, exhibitions and other related activities. The Global Israel Meetings, Incentives, Conferences And Exhibitions Market Is Estimated To Be Valued At US$ 2. Technological advancement such as virtual and hybrid MICE events where participants can attend physically as well as virtually are gaining popularity. This is positively impacting the Israel Meetings, Incentives, Conferences And Exhibitions Market Growth by engaging global audience at reduced costs. The Israel Meetings, Incentives, Conferences and Exhibitions Market Challenges And Opportunities currently due to the ongoing global pandemic.

Navigating the Path of India's MICE Market: Insights and Perspectives

Ishika cmi 2024-04-03

The India Meetings, Incentives, Conferences, and Exhibitions (MICE) market is witnessing significant growth driven by various market drivers. The Global India Meetings, Incentives, Conferences, and Exhibitions (MICE) Market is estimated to be valued at US$ 3. PEST AnalysisPolitical: India's political landscape plays a crucial role in shaping the MICE market. SWOT AnalysisStrengths: India's strengths in the MICE market include its diverse geographical locations, world-class hospitality infrastructure, and skilled workforce. Threats: The MICE market in India is subject to various external threats, including geopolitical tensions, natural disasters, and global economic uncertainties.

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8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. as organizations recognize their value in boosting sales, building brands and enhancing client and employee relations through networking opportunities. Threat of new substitutes: The threat of new substitutes is low as there are limited substitutes for face-to-face interactions provided by meetings, incentives, conferences and exhibitions. California, Texas, Florida are some of the fastest growing states in terms of meetings and events. , Eventbrite, Cvent Inc, Reed Exhibitions, Informa plc, Emerald Expositions, BCD Meetings and Events, ATPI Ltd.

The Growing MICE Industry in Saudi Arabia Meetings, Incentives, Conferences and Exhibitions (MICE)

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The Saudi Arabia Meetings, Incentives, Conferences and Exhibitions (MICE) industry in Saudi Arabia has experienced tremendous growth in recent years driven by large government investments and projects. World-Class Facilities and New Venues New Convention Centers and Hotels In line with this growing pipeline of infrastructure and destinations, Saudi is also ramping up its supply of premium Saudi Arabia Meetings, Incentives, Conferences and Exhibitions (MICE) venues and facilities. The expansion of high quality, integrated MICE infrastructure will position Saudi as a new regional hub. For instance, partnering with bordering tourism markets in Egypt and Jordan could facilitate bringing regional travel exhibitions to Saudi. For more details on the report, Read- Saudi Arabia Meetings Incentives Conferences and Exhibitions

Corporate Meetings And Conferences - Tarangi Resort

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In Jim Corbett resorts, Tarangi resort has of over 4500 sq.ft of space, the best resort in Jim Corbett, event place in Jim Corbett, resorts in Jim Corbett.A right space has a significant effect when it comes to impressing your clients during a conference or a meeting.

If getting an exotic location for a meeting means success for your business, then Tarangi Resort in Jim Corbett National Park is the best place for you to make your meetings & events look even more professional in a natural setting and luxurious accommodation where your guests & clients can have a great experience throughout their stay.

amazing views and adaptable conference & meeting rooms are major factors which your business needs while meeting a client.

tarangi resort’s exceptional services where you’ll get unparalleled expertise and tailored solutions for a gainful experience will change a basic business meeting into a world-class event.https://tarangiresort.com/blog/meetings-and-conferences-at-tarangi/

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Outbound Meetings, Incentives, Conferences and Exhibitions (MICE) Tourism Market 2018 Research In-Depth Analysis, Key Players, and Applications Forecast to 2025

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Latest Report Available at Analytical Research Cognizance Outbound Meetings, Incentives, Conferences and Exhibitions (MICE) Tourism Market provides pin-point analysis for changing competitive dynamics and a forward looking perspective on different factors driving or restraining industry growth.India Outbound Meetings, Incentives, Conferences and Exhibitions (MICE) tourism market is expected to reach US$ 9 Billion by 2025.

“India Outbound Meetings, Incentives, Conferences and Exhibitions (MICE) Tourism Market Report: Country Outlook, Analysis, Size, Share and Forecast 2018 – 2025” offers the most up–to–date industry data on the actual market situation and future outlook for India Outbound MICE tourism market.

The report uses data and analysis to discuss potential lucrative opportunities and future trends related to India outbound MICE travelers flow, revenue and main destination markets.

The report provides clear insight into current and future tourism developments of the India outbound MICE tourism market.

Furthermore, this report uses country focused analysis to explore India outbound MICE tourism market.A detailed country-wise analysis of the market is provided, covering a total of 15 countries.

The research study limelight growth drivers and investigates market inhibitors of India Outbound MICE tourism market.The countries included in this report are Thailand, Malaysia, Singapore, Dubai, Mauritius, Macau, South Korea, New Zealand, Indonesia, United States, Oman, Turkey, Taiwan,South Africa, Australia and Other CountriesKey Findings: India is poised to be the world’s fastest growing outbound MICE tourism market India outbound tourism market is expected to exceed US$ 45 Billion by 2025 India to generate more than 2 Million outbound MICE tourists by 2020 India is the largest source market for Dubai and Singapore MICE Industry Indian MICE travelers likely to become major spenders in the United States and DubaiThe Latest Industry Data Included in this Report: Market Size & Analysis: India Outbound Travelers Visitation & Spending (2012 - 2025) India Outbound Travelers Visitation & Forecast (2012 - 2025) India Outbound Travelers Spending & Forecast (2012 - 2025) Market Size & Analysis: India Outbound MICE Travelers Visitation & Spending (2012 - 2025) India Outbound MICE Travelers Visitation & Forecast (2012 - 2025) India Outbound MICE Travelers Spending & Forecast (2012 - 2025) India Outbound MICE Travelers Visitation & Spending Share & Y-o-Y Growth (%) (2012 – 2025) India MICE Travelers Visitation to Major 15 Countries & Forecast (2012 - 2025) India MICE Travelers Spending to Major 15 Countries & Forecast (2012 - 2025) Identification of Key Market Drivers and Inhibitors of the India Outbound MICE Tourism MarketPurchase copy of this Report @ http://www.arcognizance.com/purchase/94064 Some Points from Toc: Executive Summary Market Size & Analysis: India Outbound Travelers Visitation & Spending (2012 - 2025) 2.1 India Outbound Travelers Visitation & Forecast 2.2 India Outbound Travelers Spending & Forecast Market Size & Analysis: India Outbound MICE Travelers Visitation & Spending (2012 - 2025) 3.1 India Outbound MICE Travelers Visitation & Forecast 3.2 India Outbound MICE Travelers Spending & Forecast India Outbound MICE Travelers Visitation & Spending Share & Y-o-Y Growth (%) (2012 – 2025) 4.1 India Outbound MICE Travelers Visitation Share & Forecast 4.2 India Outbound MICE Travelers Spending Share & Forecast Key Market Drivers and Inhibitors of the India Outbound MICE Travelers Market 5.1 Market Drivers 5.2 Market InhibitorsRequest a sample of this report @ http://www.arcognizance.com/enquiry-sample/94064 India Outbound MICE Travelers Visitation & Spending – Top 15 Countries In-depth Analysis (2012 – 2025) 6.1 Thailand – India Outbound MICE Travelers Visitation & Spending 6.1.1 India Outbound MICE Travelers Visitation to Thailand & Forecast 6.1.2 India Outbound MICE Travelers Spending in Thailand & Forecast 6.2 Malaysia – India Outbound MICE Travelers Visitation & Spending 6.2.1 India Outbound MICE Travelers Visitation to Malaysia & Forecast 6.2.2 India Outbound MICE Travelers Spending in Malaysia & Forecast 6.3 Singapore – India Outbound MICE Travelers Visitation & Spending 6.3.1 India Outbound MICE Travelers Visitation to Singapore & Forecast 6.3.2 India Outbound MICE Travelers Spending in Singapore & Forecast 6.4 Dubai – India Outbound MICE Travelers Visitation & Spending 6.4.1 India Outbound MICE Travelers Visitation to Dubai & Forecast 6.4.2 India Outbound MICE Travelers Spending in Dubai & Forecast 6.5 Mauritius – India Outbound MICE Travelers Visitation & Spending 6.5.1 India Outbound MICE Travelers Visitation to Mauritius & Forecast 6.5.2 India Outbound MICE Travelers Spending in Mauritius & Forecast 6.6 Macau – India Outbound MICE Travelers Visitation & Spending 6.6.1 India Outbound MICE Travelers Visitation to Macau & Forecast 6.6.2 India Outbound MICE Travelers Spending in Macau & Forecast 6.7 South Korea – India Outbound MICE Travelers Visitation & Spending 6.7.1 India Outbound MICE Travelers Visitation to South Korea & Forecast 6.7.2 India Outbound MICE Travelers Spending in South Korea & Forecast 6.8 New Zealand – India Outbound MICE Travelers Visitation & Spending 6.8.1 India Outbound MICE Travelers Visitation to New Zealand & Forecast 6.8.2 India Outbound MICE Travelers Spending in New Zealand & Forecast 6.9 Indonesia – India Outbound MICE Travelers Visitation & Spending 6.9.1 India Outbound MICE Travelers Visitation to Indonesia & Forecast 6.9.2 India Outbound MICE Travelers Spending in Indonesia & Forecast 6.10 United States – India Outbound MICE Travelers Visitation & Spending 6.10.1 India Outbound MICE Travelers Visitation to United States & Forecast 6.10.2 India Outbound MICE Travelers Spending in United States & Forecast 6.11 Oman – India Outbound MICE Travelers Visitation & Spending 6.11.1 India Outbound MICE Travelers Visitation to Oman & Forecast 6.11.2 India Outbound MICE Travelers Spending in Oman & Forecast 6.12 Turkey – India Outbound MICE Travelers Visitation & Spending 6.12.1 India Outbound MICE Travelers Visitation to Turkey & Forecast 6.12.2 India Outbound MICE Travelers Spending in Turkey & Forecast 6.13 Taiwan – India Outbound MICE Travelers Visitation & Spending 6.13.1 India Outbound MICE Travelers Visitation to Taiwan & Forecast 6.13.2 India Outbound MICE Travelers Spending in Taiwan & Forecast 6.14 South Africa – India Outbound MICE Travelers Visitation & Spending 6.14.1 India Outbound MICE Travelers Visitation to South Africa & Forecast 6.14.2 India Outbound MICE Travelers Spending in South Africa & Forecast 6.15 Australia – India Outbound MICE Travelers Visitation & Spending 6.15.1 India Outbound MICE Travelers Visitation to Australia & Forecast 6.15.2 India Outbound MICE Travelers Spending in Australia & Forecast 6.16 Other Countries – India Outbound MICE Travelers Visitation & Spending 6.16.1 India Outbound MICE Travelers Visitation to Other Countries & Forecast 6.16.2 India Outbound MICE Travelers Spending in Other Countries & ForecastList of tables Table 5 1: India Outbound MICE Travelers Visitation Share (Percent), 2012 – 2017 Table 5 2: India Outbound MICE Travelers Visitation Share Forecast (Percent), 2018 – 2025 Table 5 3: India Outbound MICE Travelers Spending Share (Percent), 2012 – 2017 Table 5 4: India Outbound MICE Travelers Spending Share Forecast (Percent), 2018 – 2025 About US: www.arcognizance.com is an initiation in this new era of “analysis @ thought.” We are on a mission to replace the conventional research programs and give way to the latest methods and information for the organizations.

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Growth of Qatar's lucrative MICE sector Qatar has rapidly emerged as a top global destination for meetings, incentives, conferences and exhibitions in recent years. To further boost capacities, Qatar Meetings, Incentives, Conferences and Exhibitions (MICE) is focused on completing mega projects like the Sports City complex and Katara Cultural Village that integrate convention infrastructure. Creating a buzz through incentives To position Doha on the Qatar Meetings, Incentives, Conferences and Exhibitions, Qatar leverages competitive incentives that bring high-spending delegates. With a diversified economy, liberal policies and pursuit of excellence, Qatar Meetings, Incentives, Conferences and Exhibitions will continue thriving as a powerhouse catalyst for both business and tourism growth. Get more insights on Qatar Meetings, Incentives, Conferences and Exhibitions (MICE)

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We are one of the Top Event Management Companies in Ernakulam offering event management services for personal functions like weddings and get-together and business events like conferences and exhibitions.

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The India Meetings, Incentives, Conferences and Exhibitions (MICE) market comprises meeting services, convention & exhibition services, and incentive travel. The Global India MICE Market is estimated to be valued at US$ 3. Key TakeawaysKey players operating in the India MICE Market are Terumo Corporation, Medtronic PLC, Abbott Laboratories, Abiomed Inc. The India MICE Market Growth is witnessing growing demand due to increasing number of domestic and international corporate meetings, conferences and events in the country. Geopolitical impact on India Meetings, Incentives, Conferences and Exhibitions (MICE) Market growth The current geopolitical instability and uncertainties across various regions are impacting the growth of MICE market in India.

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U.S. Meetings, Incentives, Conferences and Exhibitions Market Growth Accelerated by Virtualization and Hybrid Events