The global connected
mining market foreseen to grow by 14.2%, from USD 10.88 Billion in 2021 to USD 31.47
Billion in 2029. Increasing adoption of IOT to
accelerate the use of digital solutions to develop connected mines, mining 4.0
initiatives in industries, paving the way for connecting mining, need to reduce
cost and achieve operational efficiency to boost the adoption of connected
mining solutions, to enhance the safety and security of mine workers are some
of the factors driving the market for Connected mining market over the
estimated forecast period. However, depletion of natural resources is seen to
restrain the growth of the market.
Market Definition
What is Connected Mining
Market ?
Connected
Mining provides accurate operational insights, thus creating the capability to
make data-driven, value- and risk-based decisions. Connected Mining are
next-generation land mine design used to incorporate surface and underground
Mining for improved efficiency in the extraction and management of mining
resources.
Market Overview
The
Connected mining market search study helps to thoroughly understand the current
trend in the market competitive analysis of the players in the emerging market.
Moreover, the DRO in the Connected mining market offers valuable perspicuity
and a current scenario for making the right decision. The research study covers
the eminent players in the market with a detailed analysis of the company and a
financial overview containing their net sales, business mix and geographical
reach It mainly focuses on the key developments of the products/services
offered by the company in recent years. Besides, we at Zettabyte have the
expertise to analyses the global Connected Mining Market player's competitive
landscape helping the client comprehend their specific strategic growth
approaches.
Connected
Mining Market study by "Zettabyte Analytics" offers details about the
market scope, market segmentation, technological advancement in the Connected
Mining Market and highlights the optimistic, competitive landscape and trends
enduring over the years.
Major players in
the Connected mining market ABB, Accenture, Alastri, Caterpillar Inc., Cisco,
Eurotech Communication Ltd, GE Digital, Getac, Hexagon AB, Hitachi Construction
Machinery, Howden, IBM, Intellisense.IO, Komatsu, PTC, Rockwell Automation,
SAP, Schneider Electric, Siemens, Telefonaktiebolaget Lm Ericsson, Trimble
Inc., Wipro Limited
COVID-19 Impact on Global Connected
Mining Market
The global impact
of COVID-19 has lost millions of lives with a massive cost to the healthcare
system. Moreover, the treatment cost for patients with COVID-19 has also had a
financial impact globally. The impact of COVID-19 on the Connected Mining
Market has forced the companies to change their sourcing, pricing, and
promotion strategies. The Connected Mining Market players are seen focusing
more on optimizing the E-commerce networks with the rising innovations in the
digital sector, which are creating new business models for the food and
beverage industry player.
Research Scope
The report
provides market value for the base year 2021 and a yearly forecast from 2022 to
2029 in revenue (USD Million/ Billion). The market for each segment is present
in North America, Europe, Asia Pacific, Latin America, Middle East &
Africa, and the regional basis for the forecast mentioned above.
Key industry
dynamics, regulatory scenarios, major material dynamics and Connected Mining
Market future markets are analyzed to understand their impact on demand for the
forecast period. Growth rates have been estimated using correlation, regression
and time-series analysis.
Market Segmentation
For the purpose
of this report, the global connected mining market segmented on the basis of mining
type, component, solution, service, deployment mode, application, and region:
Mining
Type
|
Surface
|
Underground
|
|
|
Component
|
Services
|
Solution
|
|
|
Solution
|
Analytics
And Reporting
|
Asset
Tracking And Optimization
|
Fleet
Management
|
Industrial
Safety And Security
|
Process
Control
|
Workforce
Management
|
Others
|
Operational
Performance
|
|
Quality
optimization Solutions
|
|
|
Service
|
Managed
Services
|
Professional
Services
|
Advisory
and Implementation
|
|
Support
and Maintenance
|
|
Training
|
|
|
Deployment
Mode
|
Cloud
|
On-premises
|
|
|
Application
|
Exploration
|
Processing
and Refining
|
Transportation
|
Mining Type Outlook:
On the basis of
mining type, the market is segmented into surface, underground.
Figure 1 Connected Mining Market By Mining
Type (Market Size And Forecast By Value - USD Million, 2021 & 2029)

Component Outlook:
On the basis of
Component, the market is segmented into Services, Solution.
Figure 2 Component Outlook (Revenue, USD
Million, 2021)
