Connected Mining Trends and Forecast
The future of the global connected mining market looks promising with opportunities in the exploration, processing and refining, and transportation markets. The global connected mining market is expected to reach an estimated $32.4 billion by 2030 with a CAGR of 13.3% from 2024 to 2030. The major drivers for this market are growing decision-making and data analytics in real-time are essential for mining operations, rising adoption of artificial intelligence, data science and automation technologies accelerates connect mining, and introduction of big data, cloud computing, and the industrial internet of things (IIOT) with mining systems.Connected Mining by Segment
The study includes a forecast for the global connected mining by mining type, component, deployment mode, end use industry, and region.Connected Mining Market by Mining Type [Shipment Analysis by Value from 2018 to 2030]
- Surface
- Underground
Connected Mining Market by Component [Shipment Analysis by Value from 2018 to 2030]
- Solutions
- Services
Connected Mining Market by Deployment Mode [Shipment Analysis by Value from 2018 to 2030]
- On-Premises
- Cloud
Connected Mining Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]
- Exploration
- Processing and Refining
- Transportation
Connected Mining Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Connected Mining Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies connected mining companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the connected mining companies profiled in this report include-- ABB Group
- Accenture
- Alastri
- Cisco Systems
- Hexagon
- Intellisense
- Rockwell Automation
- SAP
- Symboticware
- Trimble
Connected Mining Market Insights
The publisher forecasts that surface will remain the largest segment over the forecast period because it is extensively utilized for minerals closer to the surface, such as coal, iron ore, copper, and others, as well as, it has the capacity to monitor and oversee surface mining activities in real-time boosts operational efficiency, lowers costs, and increases safety precautions.APAC will remain the largest region over the forecast period due to rising demand from a variety of businesses for metals, minerals, and resources, as well as the region's quick urbanization and infrastructure development.
Features of the Global Connected Mining Market
- Market Size Estimates: Connected mining market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Connected mining market size by various segments, such as by mining type, component, deployment mode, end use industry, and region in terms of value ($B).
- Regional Analysis: Connected mining market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different mining type, component, deployment mode, end use industry, and regions for the connected mining market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the connected mining market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the connected mining market size?Answer: The global connected mining market is expected to reach an estimated $32.4 billion by 2030.
Q2. What is the growth forecast for connected mining market?
Answer: The global connected mining market is expected to grow with a CAGR of 13.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the connected mining market?
Answer: The major drivers for this market are growing decision-making and data analytics in real-time are essential for mining operations, rising adoption of artificial intelligence, data science and automation technologies accelerates connect mining, and introduction of big data, cloud computing, and the industrial internet of things (IIOT) with mining systems.
Q4. What are the major segments for connected mining market?
Answer: The future of the global connected mining market looks promising with opportunities in the exploration, processing and refining, and transportation markets.
Q5. Who are the key connected mining market companies?
Answer: Some of the key connected mining companies are as follows:
- ABB Group
- Accenture
- Alastri
- Cisco Systems
- Hexagon
- Intellisense
- Rockwell Automation
- SAP
- Symboticware
- Trimble
Answer: The publisher forecasts that surface will remain the largest segment over the forecast period because it is extensively utilized for minerals closer to the surface, such as coal, iron ore, copper, and others, as well as, it has the capacity to monitor and oversee surface mining activities in real-time boosts operational efficiency, lowers costs, and increases safety precautions.
Q7. In connected mining market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to rising demand from a variety of businesses for metals, minerals, and resources, as well as the region's quick urbanization and infrastructure development.
Q.8 Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the connected mining market by mining type (surface and underground), component (solutions and services), deployment mode (on-premises and cloud), end use industry (exploration, processing and refining, and transportation), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Connected Mining Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Group
- Accenture
- Alastri
- Cisco Systems
- Hexagon
- Intellisense
- Rockwell Automation
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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