According to a new report published by Allied Market Research, titled, “M!CE Industry by Event Type (Meeting, Incentive, Conventions, and Exhibitions): Global Opportunity Analysis and Industry Forecast 2021–2031 Market,” the global M!CE industry is estimated to reach US $2,309.4 billion by 2032, registering a CAGR of 11.6 per cent from 2023 to 2032. The report also predicted incentives segment to witness the highest CAGR of 12.4 per cent, in revenue terms, during 2021–2031.