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. MICE stand for Meetings, Incentives, Conferences and Exhibitions.
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. The global industry is one of the hospitality industries, that has a positive impact in the growth of cities, businesses, destinations, and other aspects of the global market.
MICE event organizers provide many other creative services that include directional signages, banners, show displays, kiosks/exhibit space, event photography, event marketing, sponsorship management, AV/technical production, group air fulfillment, on-site event logistics & staffing, supplier management, virtual meetings, and risk management services.
MICE industry include four different types of travel markets Meeting travel, Incentive travel, Conference travel and Exhibition travel. Meeting travel refers to any number of people coming together in one place for a particular activity or event. Incentive travel refers to a non-business vacation typically given to employees as a reward with the aim of continued motivation of performance. Conference travel is organizing of itineraries, meetings, and events for people from the same profession or field and lastly, Exhibition travel is the event where products or services are displayed.
MICE industry is booming due to market dynamics such as world-wide growth of the corporate sector, augmentation in Foreign Direct Investment (FDI) activities, proliferating Small and Medium Scale Enterprises, as well as increasing trend towards the adoption of AI & IoT at global level. Besides, consistent increase in the global tourism is expected to drive the growth of the industry in future.
Furthermore, factors including rise in per-capita disposable income, an increase in the frequency of such events on a global scale coupled with expansion in business activities by the companies or individuals are expected to foster the growth of MICE industry.
However, the cost-effectiveness of MICE events and topographic conditions are expected to impede the growth of the MICE industry.
Moreover, increasing investments in the development of infrastructure and technological advancements are expected to provide lucrative opportunities for the MICE industry in future.
The global MICE Industry report analysis is based on event type, application, and geography. Based on event type, the market is segmented into meetings, incentives, conventions, and exhibitions. Based on applications, the market is divided into Academic Field, Business Field, Political Field, Exhibitions, and Others. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.
Europe region is expected to hold the highest market share in the MICE industry over the forecast period owing to the increase in meeting activities, increased adoption of smart devices on a wide scale along with the rise in penetration of the internet in the region.
Asia-Pacific is expected to grow at the highest CAGR, accounting for a substantial market share. This is attributed to increase in tourism and business activities in the MICE industry, supporting government regulations and higher adoption of AI & IoT.
The highly competitive MICE industry, consists of several key players, such as American Express Global Business Travel (M And E), BCD Meetings and Events (BCD Group N.V.), CWT Meetings and Events (Carlson Wagonlit Travel), RX Global (division Of RELX Group), Maritz Global Events Inc., Informa Markets (division Of, Informa PLC), Freeman Company, GL Events SA, MCI Group SA, ATPI Group Ltd., BI Worldwide, FCM Meetings and Events (Flight Centre Travel), ITA Group, ConferenceDirect, HPN Global, One10, LLC, Ovation Global DMC, AlliedPRA, Inc., Euromic (Association of Global DMCs), Destination Asia Group, and others.
There are various renowned events taking place on a global platform in the MICE industry. For instance, in-order to connect business opportunities in Latin America the ‘American Express Global Business Travel (Amex GBT),’ event was organized in February 2025, Reported FY2024 revenue growth of 6% to $2.42 billion and a 26% rise in adjusted EBITDA.
In March 2024, BCD Meetings & Events (BCD Group N.V.): Announced partnership with MPI UK & Ireland to launch the Vanessa Cotton Scholarship, supporting MICE students.
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 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 industry.
The report incorporates competitive analysis of the market players along with their market share in the MICE industry
The study elaborates SWOT analysis and Porters Five Forces model for the global industry.
Value chain analysis in the industry study provides a clear picture of the stakeholders’ roles.
Planning & Management
Venue & Accommodation
Transportation & Logistics
Catering & F&B
Event Technology & AV
On‑site Staffing & Support
Meetings
Incentives
Conferences/Conventions
Exhibitions/Trade Shows
Direct Booking
Destination Management Companies (DMCs)
Travel Management Companies (TMCs)
Online Platforms & Intermediaries
In-Person/Traditional
Virtual (Fully Digital)
Hybrid (Physical + Digital)
Corporate & Financial Services
Government & Public Sector
Associations & Non‑Profits
Academic & Educational Institutions
Healthcare & Life Sciences
Technology, Media & Telecom
Others
North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
Spain
United Kingdom
Netherlands
Denmark
Finland
Norway
Sweden
Russia
Rest of Europe
Asia-Pacific
Australia
China
India
Japan
South Korea
Thailand
Singapore
Rest of Asia-Pacific
RoW
Latin America
Argentina
Bolivia
Brazil
Chile
Colombia
Others
Middle East
Iran
Iraq
Israel
Jordan
Kuwait
Others
Africa
Algeria
Egypt
Libya
Morocco
Others
Key Players
American Express Global Business Travel (M And E)
BCD Meetings and Events (BCD Group N.V.)
CWT Meetings and Events (Carlson Wagonlit Travel)
RX Global (division Of RELX Group)
Maritz Global Events Inc.
Informa Markets (division Of Informa PLC)
Freeman Company
GL Events SA
MCI Group SA
ATPI Group Ltd.
BI Worldwide
FCM Meetings and Events (Flight Centre Travel)
ITA Group
ConferenceDirect
HPN Global
One10, LLC
Ovation Global DMC
AlliedPRA, Inc.
Euromic (Association of Global DMCs)
Destination Asia Group
REPORT SCOPE AND SEGMENTATION
Parameters |
Details |
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Analysis Period |
2019–2030 |
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Base Year Considered |
2020 |
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Forecast Period |
2020–2030 |
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Market Size Estimation |
Billion (USD) |
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Market Segmentation |
By Service Type (Planning & Management, Venue & Accommodation, Transportation & Logistics, Catering & F&B, Event Technology & AV, and On‑site Staffing & Support), By Event Type (Meetings, Incentives, Conferences/Conventions, and Exhibitions/Trade Shows), By Booking/Procurement Mode (Direct Booking, Destination Management Companies (DMCs), Travel Management Companies (TMCs), and Online Platforms & Intermediaries), By Delivery Format (In-Person/Traditional, Virtual (Fully Digital), and Hybrid (Physical + Digital)), By End-User Industry Vertical (Corporate & Financial Services, Government & Public Sector, Associations & Non‑Profits , Academic & Educational Institutions, Healthcare & Life Sciences, Technology, Media & Telecom, and Others)
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Geographical Segmentation |
North America (U.S., Canada, Mexico) Europe (UK, Germany, Italy, France, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), Rest of the World (UAE, Saudi Arabia, South Africa, Brazil, Rest of RoW) |
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Companies Profiled |
American Express Global Business Travel (M And E), BCD Meetings and Events (BCD Group N.V.), CWT Meetings and Events (Carlson Wagonlit Travel), RX Global (division Of RELX Group), Maritz Global Events Inc., Informa Markets (division Of, Informa PLC), Freeman Company, GL Events SA, MCI Group SA, ATPI Group Ltd., BI Worldwide, FCM Meetings and Events (Flight Centre Travel), ITA Group, ConferenceDirect, HPN Global, One10, LLC, Ovation Global DMC, AlliedPRA, Inc., Euromic (Association of Global DMCs), Destination Asia Group |