Global M!CE industry set to reach $1,990 bn by 2031

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According to a new report by Research Dive on the global M!CE industry market, the global M!CE market is projected to surpass $1,990.1 billion and grow with a CAGR of 7.0 per cent in the estimated period, 2022–2031. “The key factor boosting the growth of the global M!CE industry market is a significant rise in the need for the M!CE industry services due to the increasing economic growth caused by business globalization. Furthermore, the most recent technical developments in the M!CE sector by market players are estimated to unlock lucrative opportunities for market growth in the forecast period. However, the high operational costs of the M!CE industry and long-distance travel are anticipated to deter the market’s growth,” the report said.