North America Digital Mining Market Latest Innovation, Upcoming Trends, Top Companies, Growth, Regional Analysis and Forecast by 2029

Data Bridge Market Research analyses that the North America Digital Mining Market is growing with a CAGR of 14.3% in the forecast period of 2021 to 2028 and is expected to reach USD 31,453.164 million by 2028. Growing need for real-time analysis in the mining industry is acting as major factor for the growth of the digital mining market. 

This digital mining market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the digital mining market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.

Key players operating in the North America Digital Mining market include:

ABB
Siemens
Rockwell Automation, Inc.
SAP SE
Wipro Limited
Wencomine (a subsidiary of Hitachi Construction Machinery Co., Ltd.)
Cisco
Caterpillar
General Electric
Sandvik AB
Hexagon AB (a subsidiary of HEXAGON)
IBM Corporation
Hatch Ltd.
Wabtec Corporation
Komatsu Mining Corp. (a subsidiary of Komatsu Ltd.)
Trimble Inc.
Schneider Electric
BENTLEY SYSTEMS, INCORPORATED
Tech Mahindra Limited

For instance,

In June 2020, Wencomine entered into a partnership and signed a Memorandum of Understanding (MOU) with Oxbotica to develop an open autonomy solution for mining. This new joint platform will allow customers to choose many open standards-based vehicles and integrate it into their existing operations. This will help the company to enhance their offerings and to grow in the market.

Partnership, joint ventures and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for digital mining through expanded range of size.

To Gain More Insights into the Market Analysis, Browse Summary of the North America Digital Mining Market Report@ https://www.databridgemarketresearch.com/reports/north-america-digital-mining-market

North America Digital Mining Market Segmentations:

The digital mining market is segmented on the basis of type, components, metal type, mining type, technology and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

On the basis of type, the digital mining market is segmented into solutions and services. In 2021, solutions segment held larger share in the market owing to surging demand to gather real-time data for effective decision making, ability to manage entire mining operations in a better way, high need to improve security of workers in the hazardous area, ongoing digital transformation across the mining industry and to enhance company's performance and productivity.
On the basis of components, the digital mining market has been segmented into connected worker, remote operations center, autonomous operations, integrated platforms, smart sensors, asset cyber security, advanced analytics and 3D printing. In 2021, connected worker segment held the largest share in the market attributed to communicate real-time data on tasks, workplans and progress reports.
On the basis of metal type, the digital mining market has been segmented into iron and ferro alloys, non-ferrous metals and precious metals. In 2021, iron and ferro alloys segment held the largest share in the market as iron and ferro alloys compose a large part of the overall metals nowadays as the base metal is iron and also include carbon steel, alloy steel and others.
On the basis of mining type, the digital mining market has been segmented into surface mining and underground mining. In 2021, surface mining segment is dominating the market owing to its several advantages as compared to underground mining such as cost-effectiveness, recover more of the resource, usually up to 100% within the mining excavation, is safer and can use larger-scale mining equipment offering higher production rates.
On the basis of technology, the digital mining market has been segmented into automation and robotics, internet of things (IoT), big data, retail time analytics, AI, spatial, geographic information systems, automated drones, cybersecurity, blockchain and others. In 2021, automation and robotics segment held the largest share in the market as automation and robotics plays a significant role in the mining process in speeding production, improving safety and reducing costs.
On the basis of application, the digital mining market has been segmented into maintenance planning, frontline mobility solutions, geo-fencing safety and others. In 2021, frontline mobility solutions segment held major share in the market owing to high adoption to enable frontline workers and supervisors to safely perform in tough mining conditions and deploy technologies in order to improve employee safety, performance management and visibility-particularly underground.

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