Global Geology and Mine Planning Software Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Geology and Mine Planning Software Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Geology and Mine Planning Software market finds that the global Geology and Mine Planning Software market reached a value of USD 734.04 million in 2022. It’s expected that the market will achieve USD 1126.88 million by 2028, exhibiting a CAGR of 7.41% during the forecast period.

Market Drivers and Impact

Software solutions have superior performance in mining
Some mining software solutions focus on exploration and production, while others only provide asset maintenance functions, while geology and mine planning software focus on solving exploration and production problems. More and more mining companies need geology and mine planning software solutions to manage mineral exploration and production. The geology and mine planning software can support open-air and underground operations and exploration projects, and can help manage efficiency and accuracy through 3D graphics and workflow automation. Because mining projects require a lot of investment, companies can use such software to reduce maintenance and production costs. It can also help mining companies increase the productivity of their employees through better scheduling.

Market Challenges and Impact

It still takes a lot of time for universal use in developing regions
In developed areas, many mines have applied geology and mine planning software to solve mine engineering problems. For example, the open-pit coal mine in Germany uses geology and mine planning software to design the working plan of the working face, the transportation route of the ore and the location of the dump. In more developing areas, the application of geology and mine planning software in mines is mostly focused on the management of the underlying mine map, and there are few applied types of research on the establishment of analysis models in the software to optimize the analysis of mines.

Region Overview:

From 2022-2027, Americas is estimated to witness robust growth prospects.

Company Overview:

Dassault Systemes is one of the major players operating in the Geology and Mine Planning Software market, holding a share of 13.92% in 2021.

Dassault Systemes, the 3DEXPERIENCE Company, is a catalyst for human progress. The Company's software enables engineers to create a three-dimensional model of a product, simulate its assembly, and test it before building a prototype.

Hexagon, a global leader in sensor, software and autonomous solutions, offers market-leading mine safety systems for collision avoidance, operator alertness, vehicle intervention, personal protection and slope monitoring. Hexagon's Mining division brings surveying, design, fleet management, production optimization, and collision avoidance together in a life-of-mine solution that connects people and processes.

In 2018, Hexagon acquired Guardvant, a provider of specialized safety solutions focusing on operator fatigue and distraction. In 2019, Hexagon closed the drill and blast gap by acquiring Split Engineering, a leader in coarse rock fragmentation size measurement systems, software and services. Blast monitoring expertise was added in 2020 with the acquisition of Blast Movement Technologies, rounding out the mine-to-mill technology suite.

Segmentation Overview:

Among different product types, Cloud-based segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Large Enterprises segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Geology and Mine Planning Software market covered in Chapter 3:

Trimble
Seequent
Dassault Systemes
Bentley
Datamine
Maptek
ThreeDify
Hexagon Mining
Promine
Micromine
RESPEC
RPMGlobal

In Chapter 4 and Chapter 14.2, on the basis of types, the Geology and Mine Planning Software market from 2018 to 2029 is primarily split into:

Cloud-based
On-premise

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Geology and Mine Planning Software market from 2018 to 2029 covers:

Large Enterprises
SMEs

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)