Mice Market Updates

Mice Market size was valued at USD 1.02 Trillion in 2023 and is poised to grow from USD 1.1 Trillion in 2024 to USD 2.08 Trillion by 2032, growing at a CAGR of 0.082 during the forecast period (2025-2032).

Major event management companies, venues, and suppliers in the MICE business are dominated by Reed Exhibitions, Informa, and Messe Frankfurt among others. As leaders in their field, these companies constantly introduce new solutions such as virtual and hybrid choices to address a diverse portfolio of event services. There is now the development of small-scale firms focused on niche markets or tailored service options. Businesses are compelled to change and innovate their products according to the needs of the market, as fierce competition and advanced technologies keep on changing customer needs.  'CWT Meetings & Events (US)', 'BCD Meetings & Events (Netherlands)', 'American Express Meetings & Events (US)', 'Maritz Global Events (US)', 'Carlson Wagonlit Travel (France)', 'EventsAIR (Australia)', 'Conference Care Ltd (UK)', 'Eventbrite (US)', 'GES (Global Experience Specialists) (US)', 'MCI Group (Switzerland)', 'International Conference Services (Canada)', 'Meetingselect (Netherlands)', 'HelmsBriscoe (US)', 'GSK Global Travel & Meetings (UK)', 'Cvent (US)', 'ATPI Group (UK)', 'B-Com Event Technology (Belgium)', 'Pacific World (Singapore)', 'One World Rental (UK)', 'Meeting Professionals International (MPI) (US)'

The need for events tailored to fit individual guests' needs is rapidly increasing as the MICE industry matures. In addition, firms are now finding ways to boost the experience of the event for the attendee, which can be a customized agenda or schedule. This trend will continue to boost innovation in the planning of events as the demand for more personalized, engaging, and interactive MICE events grows.

Green Practices and Sustainability: There has been increased need for sustainability within the global MICE industry, which in turn translates into more ecologic event planning and design techniques, a cutback of waste materials usage of the resourceful ones with low carbon levels for holding these events. Higher business companies along with their patrons are turning to this idea as global green concerns take off. That demands green evening planning on a maximum level 

With a 16.31% revenue share in 2024, the MICE market in North America demonstrated its importance within the global industry. The market has been thriving in particular due to increased enterprise internationalization and the ever-increasing number of international conferences and events. The stimulus for this trend has been demand for a range of meeting locations, services, and facilities that can meet business needs, from small corporate meetings to large industry conferences. Companies look to expand their international reach through global collaboration. Constantly growing demand for professional event services, networking platforms, and modern facilities are pushing the market forward.