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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),by Service Type (System Integration, Consulting Service, Engineering and Maintenance), by Mining Type (Underground Mining and Surface Mining), and by Geography.
Fastest Growing Market:
The Smart Mining Market is expected to grow at a CAGR of 8.2% over the forecast period 2020 to 2025. Mining is a resource critical industry, where the ability to remotely monitor personnel and control equipment can have a significant impact.
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. The service type is classified based on system integration, consulting services, and engineering and maintenance, where these solutions are mostly offered as one-point solution and are customized to an organization needs, to help them to easily integrate it with their existing enterprise platform.
|Smart Control System|
|Smart Asset Management|
|Safety and Security System|
|Data Management and Analytics Software|
|By Service Type|
|Engineering and Maintenance|
|By Mining Type|
|Middle-East and Africa|
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The smart mining market has been gaining a competitive edge in the recent years. Major players include Cisco Systems Inc., SAP SE, Rockwell Automation Inc., among others. Few recent developments are:
1.1 Study Assumption and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Intensity of Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Industry Value Chain Analysis
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Growing emphasis on worker safety & health
5.1.2 Rising adoption of wireless monitoring and centralized solutions among several large mining installations
5.1.3 Technological advancements and convergence of various digital transformation practices
5.2 Market Challenges
5.2.1 Operational & cost challenges remain a concern in the emerging regions
5.3 Market Opportunities
5.3.1 Initial success of connected mining installations
5.4 Key Application Areas & Case Studies in the Mining Industry
5.4.1 Worker Safety & Health (Shanxi region – China)
5.4.2 Cost Reduction & Efficiency (Rio Tinto - Australia)
5.4.3 Remote Monitoring (Dundee Metals – Bulgaria)
5.4.4 Critical Asset Protection (Gold Corp - Canada)
5.5 Assessment of Impact of COVID-19 on the Industry
6. MARKET SEGMENTATION
6.1 By Solution
6.1.1 Smart Control System
6.1.2 Smart Asset Management
6.1.3 Safety and Security System
6.1.4 Data Management and Analytics Software
6.1.5 Monitoring System
6.1.6 Other Solutions
6.2 By Service Type
6.2.1 System Integration
6.2.2 Consulting Service
6.2.3 Engineering and Maintenance
6.3 By Mining Type
6.3.1 Underground Mining
6.3.2 Surface Mining
6.4.1 North America
6.4.4 Latin America
6.4.5 Middle-East and Africa
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Cisco Systems Inc.
7.1.2 Wenco International Mining Systems Ltd.
7.1.3 SAP SE
7.1.4 Rockwell Automation Inc.
7.1.5 Komatsu Mining Corporation (Joy Global)
7.1.6 Symboticware Inc.
7.1.7 ABB Ltd
7.1.8 Trimble Inc.
7.1.9 IBM Corporation
7.1.10 Atlas Copco
7.1.11 Outotec OYJ
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET