Connected Mining Market by System and Solution by Service, and by Region - Global Forecast to 2020


Posted January 22, 2019 by hiteshpawar7359

Smart mining market categorizes the global market by system, by solution, by method, by service & by geography.

 
The report "Connected Mining Market by System and Solution (Connected Asset, Connected Logistic, Connected Control System, Safety and Security, and Remote Management Solution), by Method (Surface and Underground Mining), by Service, and by Region - Global Forecast to 2020", The connected mining market size is expected to grow from USD 3.84 Billion in 2015 to USD 9.98 Billion by 2020, at an estimated Compound Annual Growth Rate (CAGR) of 21.0% during the forecast period.
The deployment of smart mining solutions helps mining companies to minimize their labor expenses and increase the production efficiency by real-time monitoring and communication. The report aims at estimating the market size and future growth potential of the market across different segments, such as solutions, services, methods, and regions. The base year considered for the study is 2014 and the market size forecast is from 2015 to 2020. With the increasing adoption of Industrial Internet of Things (IIoT), sensor technology, and smart devices, the demand for mining solutions has grown tremendously across all the countries. Evolution of smart mines across the globe and increased ICT spending in mining industry are also driving this market. For the forecast period, smart mining market is expected to grow at a moderate pace. Presently, North America is the largest market for smart mining solutions.
The smart mining ecosystem comprises device vendors, service providers, IoT platform providers, and network providers. Some of the key players that offer smart mining solutions and services are ABB Group, Cisco System, Inc., SAP SE, Rockwell Automation, Hexagon AB, Trimble Navigation Ltd., Thingworx, and Symboticware, Inc.
To know about the assumptions considered for the study, download the pdf brochure
Scope of the Report
The research report categorizes the Smart mining market to forecast the revenues and analyze the trends in each of the following sub-segments:
By System and Solution
• Operational Data Processing and Analytics
• Smart Assets
• Smart Logistics
• Smart Control Systems
• Smart Safety and Security System
• Remote Management Solution
By Service
• Consulting
• System Integration
• Support and Maintenance
By Method
• Surface Mining
• Underground Mining
Key Target Audience
• Energy platform and analytics vendors
• System design and development vendors
• System integrators/migration service providers
• Consultants/consultancies/advisory firms
• Training and education service providers
• Support and maintenance service providers
• Mining technology solution vendors
• Resource mining technology solution vendors
• Network service providers
On a strategic front, many companies are utilizing different growth strategies, such as mergers & acquisitions, partnership & collaboration, and product development to increase their share in the market. In June 2016, Cisco partnered with Rockwell Automation, a leading mining solution provider, to help create connectivity solutions in order to bridge the communication gap between mining operators and business systems through network as well as security products. Similarly, on February 2016 Cisco partnered with Goldcorp, a leading gold producer in order to deploy its smart mining solution thereby enabling Goldcorp to build a high-tech, advanced Smart mine.
Some of the major technology vendors include ABB Group, SAP SE, Rockwell Automation, Cisco System, Inc., Hexagon AB, and Trimble Navigation Ltd.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst


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Categories Business , Research
Tags connected mining market , smart mining market
Last Updated January 22, 2019