Singapore MICE Market To Flourish At Robust CAGR Through 2031

Pratik

Singapore MICE Market To Flourish At Robust CAGR Through 2031

The Singapore MICE (Meetings, Incentives, Conferences and Exhibitions) market caters to organizations from across the globe for business events, team building activities, product launches as well as conference and exhibitions. Singapore has emerged as a dominant MICE destination in Asia owing to its world-class infrastructure, ease of business and vibrant cultural experiences. The country offers state-of-the-art convention centers, iconic hotels and resorts that provide top-notch facilities and services. Moreover, an array of recreational options like Universal Studios, Sentosa, Gardens by the Bay and casino resorts allow attendees to enjoy leisure activities. The Global MICE Market is estimated to be valued at US$ 4.41 Mn in 2024 and is expected to exhibit a CAGR of 4.6% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the Singapore MICE market are Cerner Corporation, Epic Systems Corporation, GE Healthcare, Siemens Healthineers, Drchrono, Kareo, AdvancedMD, athenahealth, eClinicalWorks, Allscripts Healthcare Solutions. These players are focusing on partnerships, mergers and acquisitions to expand their global footprint. For instance, in 2022, GE Healthcare partnered with Singapore Tourism Board to strengthen medical tourism in the region.

The Singapore MICE market offers significant growth opportunities owing to rising demand from sectors like IT, healthcare, finance etc. Factors like tax incentives for Singapore Meetings, Incentives, Conferences And Exhibitions (MICE) Market , zero visa requirements and connectivity to major destinations have boosted its appeal. Various industry conferences in domains like biotechnology, cybersecurity are regularly organized in Singapore, which is expected to drive the MICE industry.

Singapore has emerged as Asia Pacific's top convention destination over the past decade on account global expansions of enterprises. To tap foreign investments and talents, the government is promoting integrated resorts, casinos and entertainment zones that further enhance MICE offerings. This has allowed the country to attract large scale international conventions and exhibitions from countries across Europe, Americas and Middle East.

Market drivers

Growing Business Events: Rise of startups, collaborations between corporates as well as expanding digital economy has significantly increased requirements for business meetings, conferences and exhibitions in the region.

Government Support: Strong government backing through innovation driven policies, grants and campaigns has made Singapore a global hub for startups, research and cutting edge technologies. This would augment growth of MICE industry.

Market Restraints

Competition from Neighbouring Countries: Countries like Malaysia, Thailand and Indonesia are also aggressively promoting their MICE segments. This increases competitive pressure on the Singapore MICE market.

Potential Trade Wars: Political tensions or global trade wars can negatively impact the inflow of foreign investments and businesses into Singapore. This may lower demand for MICE activities.

Segment Analysis

The Singapore MICE market is dominated by corporate events sub-segment. Singapore is considered as one of the top destinations for corporate events in the Asia Pacific region. It regularly hosts large international conferences, exhibitions, trade fairs, and incentive meetings. Leading corporations prefer Singapore due to its world-class business infrastructure, stable political conditions, and global connectivity. The city-state provides seamless venues and logistical arrangements for conferences, seminars and product launches. The upcoming integrated resorts are also enhancing its appeal for hosting high-profile corporate events.

Global Analysis

Regionally, Asia-Pacific is witnessing the fastest growth in the Singapore MICE market. Countries like China, India and Indonesia are increasingly sending large business delegations for conferences and exhibitions in Singapore. As the regional economic hub, Singapore stands to benefit from the growing trade and commerce within Asia. Countries in Southeast Asia also contribute significantly to the incentive travel segment with corporate reward trips being organized regularly. Europe and North America remain the dominant source markets for MICE travellers to Singapore drawn by its strategic location between these regions and Asia.

Get more insights on Singapore Meetings, Incentives, Conferences and Exhibitions (MICE) Market

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Israel Meetings, Incentives, Conferences And Exhibitions (MICE) Market Is Estimated To Witness High Growth Owing To Opportunity To Leverage Unique Venues

Pooja Khodke 2024-01-23

The Meetings, Incentives, Conferences and Exhibitions (MICE) market in Israel refers to business events and conferences held in unique venues across the country. The global Israel Mice Market is estimated to be valued at US$ 2. Key TakeawaysThe Global Israel Meetings, Incentives, Conferences And Exhibitions Market Demand is expected to witness high growth driven by rising business and leisure travel. The global Israel Meetings, Incentives, Conferences and Exhibitions Market is estimated to be valued at US$ 2. Key players operating in the Israel MICE market are IME Events, Lucy Event, CLAL Desal, Israel Convention Bureau.

The Growing MICE Industry in Saudi Arabia Meetings, Incentives, Conferences and Exhibitions (MICE)

Purvaja 2024-02-22

The Saudi Arabia Meetings, Incentives, Conferences and Exhibitions (MICE) industry in Saudi Arabia has experienced tremendous growth in recent years driven by large government investments and projects. World-Class Facilities and New Venues New Convention Centers and Hotels In line with this growing pipeline of infrastructure and destinations, Saudi is also ramping up its supply of premium Saudi Arabia Meetings, Incentives, Conferences and Exhibitions (MICE) venues and facilities. The expansion of high quality, integrated MICE infrastructure will position Saudi as a new regional hub. For instance, partnering with bordering tourism markets in Egypt and Jordan could facilitate bringing regional travel exhibitions to Saudi. For more details on the report, Read- Saudi Arabia Meetings Incentives Conferences and Exhibitions

Saudi Arabia Meetings, Incentives, Conferences And Exhibitions (Mice) Market Is Anticipated To Witness High Growth Owing To Increasing Business Events

Pratik 2024-03-08

The Saudi Arabia MICE market refers to meetings, incentives, conferences, and exhibitions which cater to business events in the country. The Global Saudi Arabia Meetings, Incentives, Conferences and Exhibitions (MICE) Market is estimated to be valued at US$ 2. Key TakeawaysKey players operating in the Saudi Arabia MICE market are VRB Energy, H2 Inc. Segment Analysis The Saudi Arabia MICE market is dominated by corporate events sub segment. Get more insights on Saudi Arabia Meetings, Incentives, Conferences and Exhibitions (MICE) Market

Meetings, Incentives, Conferences And Exhibitions Market Enterprise Resource Planning Systems

Ashish Thapa 2023-11-03

Hybrid events allow both physical and virtual participation, thereby increasing accessibility and reducing costs. 8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Among these, the meeting & events segment dominates the market due to the growing adoption of virtual conference platforms amid COVID-19. The high spending power of consumers in this region propels the market growth. , Eventbrite, Cvent Inc, Reed Exhibitions, Informa plc, Emerald Expositions, BCD Meetings and Events, ATPI Ltd.

India Meetings, Incentives, Conferences and Exhibitions (MICE) Market is Estimated to Witness High Growth

Rajkumar cmi 2024-01-30

The India MICE market refers to a range of products and services offered by event management companies for the purpose of hosting meetings, incentives, conferences and exhibitions in the country. This ensures seamless hosting of national and international conferences, seminars, product launches and incentive travel programs in India. The India MICE Market is estimated to be valued at US$ 3. The government has taken initiatives to promote MICE tourism which is expected to contribute significantly to the travel, accommodation and food & beverage sectors. Key players operating in the India Meetings, Incentives, Conferences and Exhibitions market are MICE Asia, Conference Connections Pvt Ltd, Creative Travel, CWT M&E Pvt.

The Rise of Hybrid and Virtual Events is Connected to Growth of Israel Meetings, Incentives, Conferences and Exhibitions Market

Lucy Kart 2023-11-01

The global Israel Meetings, Incentives, Conferences and Exhibitions Market is estimated to be valued at US$ 1. It involves organizing and hosting different types of events including meetings, incentives, conferences, exhibitions, and other business functions. The Israel MICE market offers several advantages such as providing networking opportunities, branding and marketing campaigns, teambuilding activities, and deal-making prospects for businesses. With Israel emerging as a global innovation hub, the need for collaborative business events to foster partnerships and ideation has been rising steadily. Regional analysis: Geographically, the Israel MICE market is dominated by Central and Tel Aviv region.

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Growth of Qatar's lucrative MICE sector Qatar has rapidly emerged as a top global destination for meetings, incentives, conferences and exhibitions in recent years. To further boost capacities, Qatar Meetings, Incentives, Conferences and Exhibitions (MICE) is focused on completing mega projects like the Sports City complex and Katara Cultural Village that integrate convention infrastructure. Creating a buzz through incentives To position Doha on the Qatar Meetings, Incentives, Conferences and Exhibitions, Qatar leverages competitive incentives that bring high-spending delegates. With a diversified economy, liberal policies and pursuit of excellence, Qatar Meetings, Incentives, Conferences and Exhibitions will continue thriving as a powerhouse catalyst for both business and tourism growth. Get more insights on Qatar Meetings, Incentives, Conferences and Exhibitions (MICE)

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In Jim Corbett resorts, Tarangi resort has of over 4500 sq.ft of space, the best resort in Jim Corbett, event place in Jim Corbett, resorts in Jim Corbett.A right space has a significant effect when it comes to impressing your clients during a conference or a meeting.

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tarangi resort’s exceptional services where you’ll get unparalleled expertise and tailored solutions for a gainful experience will change a basic business meeting into a world-class event.https://tarangiresort.com/blog/meetings-and-conferences-at-tarangi/

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Analysis: India Outbound MICE Travelers Visitation & Spending (2012 - 2025) India Outbound MICE Travelers Visitation & Forecast (2012 - 2025) India Outbound MICE Travelers Spending & Forecast (2012 - 2025) India Outbound MICE Travelers Visitation & Spending Share & Y-o-Y Growth (%) (2012 – 2025) India MICE Travelers Visitation to Major 15 Countries & Forecast (2012 - 2025) India MICE Travelers Spending to Major 15 Countries & Forecast (2012 - 2025) Identification of Key Market Drivers and Inhibitors of the India Outbound MICE Tourism MarketPurchase copy of this Report @ http://www.arcognizance.com/purchase/94064 Some Points from Toc: Executive Summary Market Size & Analysis: India Outbound Travelers Visitation & Spending (2012 - 2025) 2.1 India Outbound Travelers Visitation & Forecast 2.2 India Outbound Travelers Spending & Forecast Market Size & Analysis: India Outbound MICE Travelers Visitation & Spending (2012 - 2025) 3.1 India Outbound MICE Travelers Visitation & Forecast 3.2 India Outbound MICE Travelers Spending & Forecast India Outbound MICE Travelers Visitation & Spending Share & Y-o-Y Growth (%) (2012 – 2025) 4.1 India Outbound MICE Travelers Visitation Share & Forecast 4.2 India Outbound MICE Travelers Spending Share & Forecast Key Market Drivers and Inhibitors of the India Outbound MICE Travelers Market 5.1 Market Drivers 5.2 Market InhibitorsRequest a sample of this report @ http://www.arcognizance.com/enquiry-sample/94064 India Outbound MICE Travelers Visitation & Spending – Top 15 Countries In-depth Analysis (2012 – 2025) 6.1 Thailand – India Outbound MICE Travelers Visitation & Spending 6.1.1 India Outbound MICE Travelers Visitation to Thailand & Forecast 6.1.2 India Outbound MICE Travelers Spending in Thailand & Forecast 6.2 Malaysia – India Outbound MICE Travelers Visitation & Spending 6.2.1 India Outbound MICE Travelers Visitation to Malaysia & Forecast 6.2.2 India Outbound MICE Travelers Spending in Malaysia & Forecast 6.3 Singapore – India Outbound MICE Travelers Visitation & Spending 6.3.1 India Outbound MICE Travelers Visitation to Singapore & Forecast 6.3.2 India Outbound MICE Travelers Spending in Singapore & Forecast 6.4 Dubai – India Outbound MICE Travelers Visitation & Spending 6.4.1 India Outbound MICE Travelers Visitation to Dubai & Forecast 6.4.2 India Outbound MICE Travelers Spending in Dubai & Forecast 6.5 Mauritius – India Outbound MICE Travelers Visitation & Spending 6.5.1 India Outbound MICE Travelers Visitation to Mauritius & Forecast 6.5.2 India Outbound MICE Travelers Spending in Mauritius & Forecast 6.6 Macau – India Outbound MICE Travelers Visitation & Spending 6.6.1 India Outbound MICE Travelers Visitation to Macau & Forecast 6.6.2 India Outbound MICE Travelers Spending in Macau & Forecast 6.7 South Korea – India Outbound MICE Travelers Visitation & Spending 6.7.1 India Outbound MICE Travelers Visitation to South Korea & Forecast 6.7.2 India Outbound MICE Travelers Spending in South Korea & Forecast 6.8 New Zealand – India Outbound MICE Travelers Visitation & Spending 6.8.1 India Outbound MICE Travelers Visitation to New Zealand & Forecast 6.8.2 India Outbound MICE Travelers Spending in New Zealand & Forecast 6.9 Indonesia – India Outbound MICE Travelers Visitation & Spending 6.9.1 India Outbound MICE Travelers Visitation to Indonesia & Forecast 6.9.2 India Outbound MICE Travelers Spending in Indonesia & Forecast 6.10 United States – India Outbound MICE Travelers Visitation & Spending 6.10.1 India Outbound MICE Travelers Visitation to United States & Forecast 6.10.2 India Outbound MICE Travelers Spending in United States & Forecast 6.11 Oman – India Outbound MICE Travelers Visitation & Spending 6.11.1 India Outbound MICE Travelers Visitation to Oman & Forecast 6.11.2 India Outbound MICE Travelers Spending in Oman & Forecast 6.12 Turkey – India Outbound MICE Travelers Visitation & Spending 6.12.1 India Outbound MICE Travelers Visitation to Turkey & Forecast 6.12.2 India Outbound MICE Travelers Spending in Turkey & Forecast 6.13 Taiwan – India Outbound MICE Travelers Visitation & Spending 6.13.1 India Outbound MICE Travelers Visitation to Taiwan & Forecast 6.13.2 India Outbound MICE Travelers Spending in Taiwan & Forecast 6.14 South Africa – India Outbound MICE Travelers Visitation & Spending 6.14.1 India Outbound MICE Travelers Visitation to South Africa & Forecast 6.14.2 India Outbound MICE Travelers Spending in South Africa & Forecast 6.15 Australia – India Outbound MICE Travelers Visitation & Spending 6.15.1 India Outbound MICE Travelers Visitation to Australia & Forecast 6.15.2 India Outbound MICE Travelers Spending in Australia & Forecast 6.16 Other Countries – India Outbound MICE Travelers Visitation & Spending 6.16.1 India Outbound MICE Travelers Visitation to Other Countries & Forecast 6.16.2 India Outbound MICE Travelers Spending in Other Countries & ForecastList of tables Table 5 1: India Outbound MICE Travelers Visitation Share (Percent), 2012 – 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