According to a new report published by Allied Market Research, titled, Outbound M!CE Market, the outbound M!CE market is estimated to reach US $1272.2 billion by 2031, growing at a CAGR of 13.3 per cent from 2022 to 2031. According to the outbound M!CE market opportunities, region wise, Asia-Pacific garnered a significant outbound M!CE market share in 2021, and is expected to maintain its market share throughout the outbound M!CE market forecast period. Asia-Pacific has been gaining significant traction in the global outbound market owing to various factors such as the rise in the manufacturing and service sector, infrastructural development and free trade agreements between India and other countries.
