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  • Connected Mining Market worth 9.98 Billion USD by 2020

    (I-SoftwareNews.Com, September 14, 2017 ) The major drivers of this market include better cost efficiency, increased ICT spending, and volatile commodity prices. Furthermore, more than 200 smart city projects across the globe provide huge opportunities for connected mining vendors, service providers, platform providers, and consulting companies.

    Evolution of smart connected mines and accelerating market for system integrators open major opportunities for the connected mining vendors and solution providers

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    The market size for connected mining segment has considerably grown over the past few years on the account of evolving mining industry and the emergence of technologies such as Industrial Internet of Things, data analytics, and remote metering have further augmented the opportunity areas for this market. The advancement in surface and underground mining systems, solutions, and services coupled with the increasing integration of IoT with such solutions has led to significant investment in smart mining projects globally. The increasing opportunity for system integrators will also act as an opportunity for the connected mining market.

    Operational Data Processing & Analytics and Connected Logistics are expected to be the most promising solutions during the forecast period

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    The connected mining market has been segmented into systems & solutions, services, methods, and regions. Operational Data Processing & Analytics and Connected Logistics solution segment is projected to grow with a high growth rate; hence, will present good market opportunity during the forecast period. System integration and consulting services holds a major share in the connected mining services segment. The increasing demand for system integrators to install, manage, and maintain various connected platforms act as a major driving factor for growth of system integrators.

    Currently, North America holds the maximum market share in the connected mining market.

    North America is expected to have the largest market share and would dominate the connected mining market from 2015 to 2020, with growing number of mining projects, increasing need for mineral ores, and strict government mandates. Latin America and the Middle East & Africa (MEA) offers potential growth opportunities due to the developing large-scale mining projects, new economic and political reforms of the region, increasing mineral prices, and employment opportunities.

    The major vendors covered in the connected mining market for this study include ABB Group, SAP SE, Cisco System, Inc., Rockwell Automation, Hexagon AB, and Trimble Navigation Limited.

    MarketsandMarkets segments the connected mining market on the basis of Systems and Solutions- operational data processing and analytics, connected assets, connected logistics, connected control systems, connected safety and security system, and remote management solution and Services- system consulting, system integration, and support & maintenance,andGeography. A detailed analysis of the regions has been done to provide insights into the potential future business opportunities in different regions.

    About MarketsandMarkets™

    MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

    Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

    MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. 

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    MarketsandMarkets

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    sales@marketsandmarkets.com

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