Connected Mining Market By Component (Solution, Services), By Deployment Mode (On-Premise, Cloud), By Organization Size (Large Enterprises, Sme’s), By Mining Type (Surface, Underground), By Application (Exploration, Processing And Refining, Transportation): Global Opportunity Analysis And Industry Forecast, 2022-2030 , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Connected Mining market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Connected Mining market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get the whole report, which includes a chart and more than 100 tables and figures. – Comprehensive Analysis of COVID-19 Market Outbreak Impact and Regional Situation
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The global connected mining market size was US$ 9.4 billion in 2021. The global connected mining market size is estimated to reach US$ 28.9 billion by 2030, growing at a compound annual growth rate (CAGR) of 13.3% during the forecast period from 2022 to 2030.
Connected mining solutions allow improve maintainability, and machine visibility, and support two-way communication for control and supervision by gathering equipment data in real-time and publishing it to third-party applications and the cloud. It enhances overall plant safety by harnessing data about workers location and environmental situations from fixed and mobile sensors, providing real-time actionable intelligence and required partnership.
Factors Affecting Marketing Growth
Connected mining reduces physical workload, saves time & money, and minimizes production costs with real-time visibility of assets, which provides lucrative growth opportunities for the global market.
The rise in investments in the industry and growth in the adoption of industrial big data, IoT, analytics, and simulation technology to improve the operation of businesses which drive the growth of the global market.
The growth in the adoption of cloud-based connected mining owing to low cost and easier maintenance drives the growth of the global market.
Impact on COVID-19 Analysis
COVID-19 had positively impacted the growth of the global connected mining market owing to the adoption of emerging technology such as artificial intelligence (AI)-powered solutions, Industrial Internet of Things (IIoT), simulation technology, analytics, big data, and cloud-based technologies. Also, connected mining is a great option as industries move towards digitization, as it provides agile efficiency by eliminating manual tasks and reducing the physical workload of workers, as well as providing real-time reporting features which drive the growth of the global market.
Regional Analysis
North America dominated the market in 2021. This is attributed to quick technological advancements, government initiatives, and the digitization of economies. Increase in the use of sensor technology and mineral demand, a large number of mining projects are developing in the region.
Asia-Pacific is anticipated to display the highest growth rate during the forecast period owing to the high rate of adoption of technologies, such as remote monitoring, operational analytics & data processing, and mine safety systems and solution.
Leading Competitors
The prominent players in the global connected mining market are:
Trimble Inc.
Siemens AG
Schneider Electric
Rockwell Automation Inc
IBM Corporation
Hexagon
Cisco Systems Inc
ABB Ltd.
Accenture
SAP SE
Others
Segmentation Analysis
The global connected mining market segmentation focuses on Components, Deployment Mode, Organization Size, Mining Type, Application, and Region.
Segmentation on the basis of Component
Solution
Services
Segmentation on the basis of Deployment Mode
On-Premise
Cloud
Segmentation on the basis of Organisation Size
Large Enterprises
SME’s
Segmentation on the basis of Mining Type
Surface
Underground
Segmentation on the basis of Application
Exploration
Processing and Refining
Transportation
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