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The Smart Mining Market is segmented by Solution (Smart Control System, Smart Asset Management, Safety and Security System, Data Management and Analytics Software, Monitoring System, Other Solutions), Service Type (System Integration, Consulting Service, Engineering and Maintenance), Mining Type (Underground Mining and Surface Mining), and Geography.
Fastest Growing Market:
The smart mining market was valued at USD 6.8 billion in 2019 and is expected to reach USD 20.31 billion by 2025, at a CAGR of 8.2% over the forecast period 2020 - 2025. The Internet of Things (IoT) has had a considerable impact on transforming multiple industries by forging real-time connections between machinery, environmental conditions, people, and business processes.
Mining is a labor-intensive activity that needs to take under consideration various safety concerns. Smart mining refers to the use of information and data, autonomy, and technology to facilitate high productivity, enhanced safety, and diminished operational costs during the mining process.
|Smart Control System|
|Smart Asset Management|
|Safety and Security System|
|Data Management and Analytics Software|
|Engineering and Maintenance|
|By Mining Type|
|Middle East & Africa|
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The smart mining market has been gaining a competitive edge in the recent years. In terms of market share, few of the major players currently dominate the market. These major players with a prominent share in the market are focusing on expanding their customer bases across the foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market shares and increase their profitability.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Dynamics
4.3 Market Drivers
4.3.1 Growing Focus on Safety and Health in the mining
4.3.2 Increasing Penetration of Internet of Things (IoT) Solutions in Mining
4.4 Market Restraints
4.4.1 Lack of Qualified and Highly-skilled Labor
4.4.2 Challenging Equipment Management
4.5 Industry Value Chain Analysis
4.6 Industry Attractiveness Porter's Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Solution
5.1.1 Smart Control System
5.1.2 Smart Asset Management
5.1.3 Safety and Security System
5.1.4 Data Management and Analytics Software
5.1.5 Monitoring System
5.1.6 Other Solutions
5.2 By Service
5.2.1 System Integration
5.2.2 Consulting Service
5.2.3 Engineering and Maintenance
5.3 By Mining Type
5.3.1 Underground Mining
5.3.2 Surface Mining
5.4.1 North America
5.4.4 Latin America
5.4.5 Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Cisco Systems Inc.
6.1.2 Wenco International Mining Systems Ltd (Hitachi Construction Machinery Co., Ltd.)
6.1.3 SAP SE
6.1.4 Rockwell Automation Inc.
6.1.5 Komatsu Mining Corporation (Joy Global)
6.1.6 Symboticware Inc.
6.1.7 ABB Ltd
6.1.8 Trimble Inc.
6.1.9 IBM Corporation
6.1.10 Atlas Copco
6.1.11 Outotec OYJ
6.1.12 Hexagon AB
7. INVESTMENT ANALYSIS
8. MARKET OPPORTUNITIES AND FUTURE TRENDS