Connected Mining Market Business Development, by Report To 2028
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Connected Mining Market Insights:
In a recent research report by Market Research Community, the Connected Mining Market is expected to surpass USD 21.7 Billion by the year 2028, from USD 9.51 Billion in 2021.
The Connected Mining Market Share is projected to grow at a significant pace reaching a CAGR of approximately 12.5%, over the forecast period of 2022–2028, despite a considerable fall in product sales during the initial phase of the pandemic spread and lockdown restrictions imposed globally.
Connected mining, also known as "smart mining," refers to the integration of digital technologies, such as automation, IoT (Internet of Things), and data analytics, into the mining industry. The goal of connected mining is to improve operational efficiency, productivity, and safety in mines.
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The study is consolidated into major segments and further into sub-segments, such as By Components (Solution, Services), By Solution (Asset Tracking and Optimization, Fleet Management, Other), By Services (Professional, Managed), By Mining Type (Surface, Underground), By Deployment Mode (On-premises, Cloud), By Application (Exploration, Processing and Refining, Transportation), to forecast the market size by value.
By Components
- Solution
- Services
By Solution
- Asset Tracking and Optimization
- Fleet Management
- Other
By Services
- Professional
- Managed
By Mining Type
- Surface
- Underground
By Deployment Mode
- On-premises
- Cloud
By Application
- Exploration
- Processing and Refining
- Transportation
Connected Mining Market Includes Key Players:
- Hexagon
- IBM Corporation
- Rockwell Automation Inc.
- SAP SE,
- Schneider Electric
- Siemens AG
- Trimble Inc.
- ABB Ltd.
- Accenture
- Cisco Systems Inc.
Connected Mining Market Trends, and Asian nations are steadily emerging as a result of government policies that are favorable to this market and growing public understanding of the advantages of these systems. Further, regions such as the Latin America, and Europe Middle East and Africa, are expected to boost the market expansion during the forecast period.
By Region
- Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe)
- Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific)
- North America– (U.S., Canada, Mexico)
- Latin America- (Brazil, Argentina, Chile, Rest of Latin America)
- Middle East and Africa- (GCC, Turkey, Israel, Rest of MEA)
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