Global Connected Mining Market 2024-2028
The connected mining market is forecasted to grow by USD 41628.1 mn during 2023-2028, accelerating at a CAGR of 23.69% during the forecast period. The report on the connected mining market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth of mining industry, technological improvements in automated mining equipment, and increased use of artificial intelligence, machine learning, and deep learning.
Technavio's connected mining market is segmented as below:
By Type
- Surface mining
- Underground mining
By Product Type
- Automated equipment
- Component
By Geographical Landscape
- North America
- APAC
- South America
- Middle East and Africa
- Europe
This study identifies the increasing adoption of mobile-based technologies as one of the prime reasons driving the connected mining market growth during the next few years. Also, shift of mining activities to emerging economies and adoption of innovative business models will lead to sizable demand in the market.
The report on the connected mining market covers the following areas:
- Connected mining market sizing
- Connected mining market forecast
- Connected mining market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading connected mining market vendors that include ABB Ltd., Accenture Plc, Alastri Software, Caterpillar Inc., Cisco Systems Inc., Epiroc AB, Hexagon AB, Hitachi Ltd., Intellisense.Io, Komatsu Ltd., Larsen and Toubro Ltd., Micromine Ltd., Mining TAG, Rockwell Automation Inc., SAP SE, Symboticware Inc., Telefonaktiebolaget LM Ericsson, Thales Group, Trimble Inc., and Wipro Ltd.. Also, the connected mining market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.