M!CE industry to reach US$1,780 mn by 2027

bic event

IndustryARC, in its latest report, has predicted that M!CE industry market size is estimated to reach $1,780 million by 2026, at a CAGR of 6.1 per cent over 2021–2026. The increasing number of corporate meetings and events from the business sectors and growing acceptance of online travel agencies are likely to aid in the market growth of the M!CE industry, the
report said.
The report added, “High cost associated with M!CE events and uncertain global geopolitical conditions is set to create hurdles for the M!CE industry market. Geographically, in 2020, North America dominated the M!CE industry market owing to increasing attraction towards M!CE tourism industry and rising trends of social networking platform.”