Press release
Connected Mining Market: Technological Advancements Propel Growth to $31.45 Billion
Connected Mining Market: Rising Demand for Digitalization, Focus on Sustainability and ESG Practices, and Key Market Trends Shape Future Growth
What Is The Projected Market Size Of The Global Connected Mining Market And Its Growth Rate?
• The global connected mining market size is expected to grow swiftly:
- From $15.31 billion in 2024 to $17.37 billion in 2025 (CAGR:13.4%)
- Projected to reach $31.45 billion in 2029 (CAGR:16.0%)
• The market growth in the historic period can be attributed to:
- Increased resource extraction demands
- Advances in sensor technologies
- Cost reduction pressures
- Remote monitoring and control needs
- Safety and environmental regulations
• The forecasted period growth will be influenced by:
- Increased focus on sustainability and ESG practices
- Rising energy costs and environmental concerns
- Growing demand for minerals and metals
- Need for improved safety and productivity
What Is Driving The Growth In The Connected Mining Market?
The growing demand for digitalization is a key factor propelling the connected mining market growth. Digitalization, which involves the use of technologies such as mixed reality, automation, and IoT-driven temperature sensors, provides new revenue and value-producing opportunities in the connected mining sector. For instance, the International Business Machines Corporation (IBM) reported a 4% increase in businesses worldwide using artificial intelligence (AI) in 2022 from 2021, and a 13% surge in AI adoption in 2022 compared to 2021. Therefore, an accelerating demand for digitalization is driving the connected mining market growth.
Request A Free Sample Copy: https://www.thebusinessresearchcompany.com/sample.aspx?id=7502&type=smp
Who Are the Key Players Driving Connected Mining Market Growth?
• ABB Ltd.
• International Business Machines Corporation (IBM)
• SAP SE
• Cisco Systems Inc.
• Schneider Electric SE
• Caterpillar Inc.
• Komatsu Ltd.
• Hitachi Construction Machinery Co. Ltd.
• Hexagon AB
• Sandvik AB
• Epiroc AB
• Wenco International Mining Systems Ltd.
• MineWare Pty Ltd.
• RPMGlobal Holdings Limited
• Siemens AG
• Rockwell Automation Inc.
• Trimble Inc.
• OSIsoft LLC
• Maptek Pty Ltd.
• Dassault Systèmes SE
• IntelliSense.io Ltd.
• Motion Metrics International Corp.
• MST Global Pty Ltd.
• Fluidmesh Networks LLC
• Swift Navigation Inc.
• MineSense Technologies Ltd.
• Micromine Pty Ltd.
What Are The Key Trends In The Connected Mining Market?
• Digital twin technology in mining operations
• Edge computing for real-time data processing
• Robotics and automation in mining processes
• Blockchain for transparent and secure transactions
• Cloud-based platforms for collaborative mining operations
What Are The Segments Of The Global Connected Mining Market?
• By Component: Solution, Services
• By Mining Type: Surface, Underground
• By Deployment Mode: On-premises, Cloud
• By Application: Exploration, Processing and Refining, Transportation
Which Region Leads The Connected Mining Market?
North America was the largest market for connected mining in 2024. However, Asia-Pacific is expected to be the fastest-growing region in the forecast period. Other regions covered in the study include Western Europe, Eastern Europe, South America, Middle East, and Africa.
Pre-book the Report for Swift Delivery: https://www.thebusinessresearchcompany.com/report/connected-mining-global-market-report
What Is Covered In The Connected Mining Market Global Market Report?
- Market Size Analysis: Analyze the Connected Mining Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Connected Mining Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Connected Mining Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Connected Mining Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Request Customization for This Report: https://www.thebusinessresearchcompany.com/Customise?id=7502&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
Learn More About the Business Research Company. With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead. Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Connected Mining Market: Technological Advancements Propel Growth to $31.45 Billion here
News-ID: 3814820 • Views: …
More Releases from The Business Research Company
Global High-Resolution Anoscopy Market Outlook 2025-2034: Trends, Innovations, A …
The High-Resolution Anoscopy Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the High-Resolution Anoscopy Market Size and Projected Growth Rate?
The market size for high-resolution anoscopy has experienced significant growth over the past few years. The market is predicted to increase from $15.03 billion…
Condyloma Acuminata Treatment Market Size Projected To Reach $2.2 Billion By 203 …
"The Condyloma Acuminata Treatment Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Condyloma Acuminata Treatment Market Size During the Forecast Period?
In the past few years, the condyloma acuminata treatment market has seen significant growth. The market value, which is anticipated to…
Household Type Fans Market Forecast 2025-2034: Comprehensive Analysis And Growth …
"The Household Type Fans Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Projected Growth of the Household Type Fans Market?
The market size for household fans has seen consistent expansion in recent years. The projections indicate an increase from $32.22 billion in 2024…
Grain Fumigants Industry Report 2025-2034: Market Dynamics, Trends, And Forecast …
The Grain Fumigants Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Grain Fumigants Market Size During the Forecast Period?
The Grain Fumigants Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This…
More Releases for Mining
Gold Mining Market is Booming Worldwide | Newmont Mining, Coeur Mining, Freeport …
The " Gold Mining - Market Development Outlook " Study has been added to AMA Research repository. The study envisage detailed qualitative as well as quantitative market data insights and follows Industry benchmark classification and NAICS standards to built strong players coverage in the study. Some of the major and emerging players identified are Newmont Mining United States), Coeur Mining (United States), Freeport-McMoRan (United States), North Bloomfield Mining and Gravel…
Mining Equipment Market by Type (Mineral Processing Equipment; Surface Mining Eq …
Asia-Pacific serves as the most productive region as compared to others with diverse industry verticals significantly investing in mining equipment. Moreover, various domestic players are investing in the mining sector, which is anticipated to boost the demand for mining equipment such as crusher, trucks, loaders, diggers, and others as to complete operations with reduced labor cost and high precision of work within optimized time. Furthermore, the surface mining equipment market…
Mining Equipment Market by Type (Mineral Processing Equipment; Surface Mining Eq …
Asia-Pacific serves as the most productive region as compared to others with diverse industry verticals significantly investing in mining equipment. Moreover, various domestic players are investing in the mining sector, which is anticipated to boost the demand for mining equipment such as crusher, trucks, loaders, diggers, and others as to complete operations with reduced labor cost and high precision of work within optimized time. Furthermore, the surface mining equipment market…
Coal Mining Market by Mining Technology, Underground Mining and Application with …
Coal has been a fundamental source of energy since many years. Presently, coal is majorly used to power generation, steel production, and as a fluid fuel. China accounts for majority of the total coal production across the globe.
The report segments the coal mining market on the basis of mining technology, application, and geography. On the basis of mining technology, the market is bifurcated into surface mining and underground mining.
Surface…
Base Metals Mining Market in China to 2021| Zijin Mining Group Company, China Da …
Albany, NY, 1st November : Recent research and the current scenario as well as future market potential of "Base Metals Mining in China to 2021-Robust Consumption and Imports Expected in the Upcoming Years" globally.
Summary
GlobalDatas "Base Metals Mining in China to 2021", report covers comprehensive information on Chinas base metal (copper, nickel, zinc, and lead) mining industry, base metal (copper, nickel, zinc, and lead) reserves and grade, the historical and forecast…
Coal Mining Market by Mining Technology {Surface Mining (Strip Mining, Auger Min …
Coal has been a fundamental source of energy since many years. Presently, coal is majorly used to power generation, steel production, and as a fluid fuel. China accounts for majority of the total coal production across the globe.
Access Full Summary: https://www.alliedmarketresearch.com/coal-mining-market
The growth of the Asia-Pacific coal mining market is driven by increase in usage of coal in steel manufacturing and electricity generation. However, stringent government regulations towards environmental pollution due…
