The Indonesia MICE Market Report 2023 gives the technical and financial data of the market for the present and the foreseeable future. This report is one of the most thorough and significant additions to the Astute Analytica market research archive. It provides a thorough investigation and analysis of important facets of the world market. The supply and demand scenario, pricing set-up, profit margins, production, and market analysis are all examined in this study as major driving forces behind the worldwide Indonesia MICE Market expansion.
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Indonesia MICE Market was valued at US$ 2,095.95 million in 2022 and is projected to attain a valuation of US$ 6,517.74 million by 2031 at a CAGR of 13.78% during the forecast period 2023–2031.
The report gives a thorough analysis of the Indonesia MICE Market, covering regional trends, market size, prospects for expansion, and important market factors in each region. In 2021, the United States Gross Domestic Product (GDP) value was US$ 23,315.08 billion, according to verified data from the World Bank. In terms of GDP, the United States accounts for 10.41% of the global economy. The mixed economy of the United States is very advanced. By nominal GDP, it has the largest economy in the world, and by purchasing power parity (PPP), it is second only to China in size.
The leading companies mentioned are
- PT TRUEVINDO RAHARDJA UTAMA
- Essence of Bali DMC
- Future Mediatrix Group
- GLOBAL EVENT MANAGEMENT (GEM)
- SEQARA Communications
- SHIFTinc
- Venuerific Indonesia
- Werkudara Group
- Other Prominent Players
The report also acknowledges the impact of COVID-19, including updates on the Omicron mutation study, on the market. It considers both the direct impact of the pandemic and the indirect influence on related industries. The observations on the pandemic’s impact are included in the report.
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Furthermore, the report divides geographical regions into several major categories for production, consumption, revenue (in US dollars), and market share analysis. It discusses the predicted growth of the market in these regions between 2021 and 2031.
The segmentation overview of the Indonesia MICE Market includes
By Type
- Meeting
- Conventions
- Incentives
- Exhibition
By Event Type
- Cultural festivals
- traditional ceremonies
- art performances
- Political and State
- Business and Trade
- Sport Competition
- Private Events
- Recreational
- Education & Scientific
By Destination
- Domestic
- International
By Channel
- Virtual
- Offline (Personal)
- Hybrid
Overall, Astute Analytica’s report on the Indonesia MICE Market appears to be a comprehensive resource for businesses seeking to understand the current state of the market and its future growth prospects.
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