According to the latest report by IMARC Group, the global connected mining market size grew at a CAGR of around 18% during 2015-2020.
Connected mining is an essential component of mining resource management and extraction. Its implementation is pertinent in speeding up the entire mining process with the assistance of workers while ensuring their safety at the highest level.
2. Report Description
About IMARC Group
The International Market Analysis Research and Consulting Group is a leading adviser on
management strategy and market research worldwide. We partner with clients in all sectors
and regions to identify their highest-value opportunities, address their most critical
challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological
developments for business leaders in pharmaceutical, industrial, and high technology
organizations. Market forecasts and industry analysis for biotechnology, advanced materials,
chemicals, food and beverage, travel and tourism, nanotechnology and novel processing
methods are at the top of the company’s expertise.
IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and
markets with close cooperation at all levels of the client organization. This ensures that our
clients achieve unmatchable competitive advantage, build more proficient organizations, and
secure lasting results.
3. Report Description
Report Description and Highlights
Global Connected Mining Market Outlook 2026:
According to the latest report by IMARC Group, titled "Connected Mining Market: Global Industry
Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the global connected mining
market size grew at a CAGR of around 18% during 2015-2020.
Connected mining is an essential component of mining resource management and extraction. Its
implementation is pertinent in speeding up the entire mining process with the assistance of workers
while ensuring their safety at the highest level.
This design integrates surface and underground mining to provide improved solutions to manage
various applications, which may include safety, dispatch, telemetry, voice and video across a reliable
and secure network.
This can be achieved by the usage of secure IP and multi-service networks, along with the aid of smart
assets, logistics, control systems, remote management solutions, operational data processing and
analytics, and safety and security systems. These solutions further result in significantly reduced
production costs with real-time visibility of assets and optimum operating efficiency for an extended
duration of time.
4. Report Description
Report Description and Highlights
Global Connected Mining Market Trends:
The global market is primarily driven by considerable growth in the mining sector across the globe.
Along with this, the integration of advanced technologies and the Internet of Things (IoT) in the
industry has provided a boost to the overall functionality and efficiency of the sector while enhancing
the cost-effectiveness of the entire process, which, in turn, is creating a positive outlook for the
market.
There has also been a rising demand for enhanced safety and security of mine workers on the global
level. Since the deployment of connected mining solutions enables players to enhance their production
capacities by allowing real-time monitoring and communications with integrated systems over a
reliable connected network, this is providing an impetus to the market growth.
The market is further driven by the incorporation of predictive maintenance with these solutions. This
integration results in improved system reliability while offering on-site cost monitoring and utilization
of resources via digital tail monitoring control tools.
Request for a free sample report: https://www.imarcgroup.com/connected-mining-
market/requestsample
5. Predictive maintenance further assists in minimizing the overall cost of resource maintenance and
improving the overall security solutions provided by in-ground sensors.
Some of the other factors contributing to the market growth include the increasing employment of big
data and cloud computing solutions in the mining sector and the launch of design flexible platforms
and software that are anticipated to gain widespread prominence among the end users.
Market Summary:
Breakup by Solution Type:
• Connected Assets and Logistics Solutions
• Connected Control Solutions
• Connected Safety and Security Solutions
• Remote Management Solutions
• Others
Breakup by Mining Type:
• Surface Mining
• Underground Mining
Report Description
Report Description and Highlights
6. Breakup by Component:
Equipments
• Automated Mining Excavators
• Load Haul Dump
• Drillers and Breakers
• Others
Software and Services
• Data/Operations/Asset Management and Security Software
• Support and Maintenance Services
• System Integration and Deployment Services
• Others
Breakup by Region:
• North America
• Asia Pacific
• Europe
• Middle East and Africa
• Latin America
On account of the aforementioned factors, the market is anticipated to witness strong growth during
2021-2026.
Report Description
Report Description and Highlights
7. Competitive Landscape With Keyplayer:
• ABB Group
• Accenture Plc
• Alastri
• Cisco Systems Inc.
• Hexagon AB
• Intellisense.Io
• Rockwell Automation
• SAP SE
• Symboticware Inc.
• Trimble Inc.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/connected-mining-market
Report Description
Report Description and Highlights
8. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients
9. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients