Press release
Smart Mining Market Global Industry Analysis Forecast - 2024
The global smart mining is extremely fragmented owing to the presence of several leading companies, states Transparency Market Research (TMR) in a research report. The uncertain price environment has put extreme pressure on the demand and supply in the smart mining market. Declining productivity along with the nationalization of resources and mounting cost of operations has triggered the need to optimize mining operations by enhancing efficiencies by adhering to the regulatory environment. As a result of this, mining companies worldwide are focusing on the integration of operational and information technologies in order to enhance their performance. Companies operating in the global smart mining market are striving to raise awareness regarding the benefits of smart mining among end-users are also investing in research and development activities in order to launch high-end products and services in the global smart mining market. The leading participants in the market are Alcatel-Lucent, Cisco Systems, Inc., Sandvik AB, Komatsu Ltd., Joy Global Inc., Hitachi Construction Machinery Co., Ltd., Caterpillar Inc., Atlas Copco, ABB Ltd., IntelliSense.io, Alastri, STONE THREE MINING PTY LTD, Trimble Navigation Limited, SAP SE, and Rockwell Automation Inc., among others.According to a TMR analyst, “The global smart mining market is anticipated to expand at a 14.7% CAGR between 2016 and 2024. The market was worth US$5.98 bn in 2014 and is likely to rise to a valuation of US$22.59 bn by the end of 2024.”
Get PDF Brochure for more Professional and Technical industry insights : https://goo.gl/nGp5fZ
Data and Operation Management Software to Gain Prominence among End Users
In terms of software solution, the global smart mining market has been classified into asset management solutions, remote management solutions, analytics solutions, connectivity solutions, security and safety systems, data and operation management software, and logistics software. Amongst these, the segment of data and operation management software in the smart mining market held the leading position in the market in 2014 and is expected to maintain a dominant position until the end of the forecast period. Owing to the herculean task of managing data and keeping track of the humungous mining operations, the adoption of this software is likely to trigger over the coming years. Based on services, the global smart mining market is segmented into consulting services, product training services, system implementation and integration services, and support and maintenance. Support and maintenance services are likely to grow in popularity and account for the leading share by the end of 2024.
Region-wise, the global smart mining market has been categorized into Asia Pacific, the Middle East and Africa, Central and South America, and Europe. Asia Pacific emerged as the leading market in the global smart mining market in 2014 closely trailed by Europe and North America in the exact order. The growing number of exploration and mining activities in the region is expected to magnify the adoption of smart mining techniques.
Use of Advanced Technology to Trigger Deployment
Robust technological advancement is expected to influence the smart mining market positively. While a completely advanced and connected mining site may be still a few years away, Internet of Things is being increasingly adopted in mining vehicles and equipment. In order to increase the efficiency of the processes and decrease the downtime, mining companies are employing advanced tools for the purpose of predictive maintenance. Growing investment in simulation technology is further expected to bode well for the market’s growth. Remote monitoring systems and their adoption is expected to gain traction in the coming years, thus bolstering the market for smart mining.
Browse Report with Full TOC at : http://www.transparencymarketresearch.com/smart-mining-market.html
This review is based on a Transparency Market Research report titled, “Smart Mining Market - Global Industry Analysis, Size, Share, Growth Trends, And Forecast 2016 - 2024.”
Smart Mining Market: By Automated Equipment
Excavators
Load Haul Dump
Drillers & Brakers
Robotic Truck
Other Automated Equipment
Smart Mining Market: By Hardware Component
Sensors
RFID Tags
Intelligent Systems
Others
Smart Mining Market: By Software Solutions
Logistics Software
Data and Operation Management Software
Safety and Security Systems
Connectivity Solutions
Analytics Solutions
Remote management Solutions
Asset management Solutions
Smart Mining Market: By Services
Support and Maintenance
System Integration and Implementation services
Product Training Services
Consulting Services
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
90 State Street, Suite 700
Albany, NY 12207
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 Smart Mining Market Global Industry Analysis Forecast - 2024 here
News-ID: 454501 • Views: …
More Releases from Transparency Market Research

Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 …
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth.
Uncover essential discoveries and trends from…

Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra …
The global Technetium‐99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth.
Discover essential conclusions and data from our Report in this sample -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100
Analysts' Viewpoint
The Technetium‐99m…

Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to …
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equine…

Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of …
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,…
More Releases for Smart
Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order…
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth…
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview
The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands…
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency…