Digital Mining - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Digital Mining Market is accounted for $8.40 billion in 2018 and is expected to reach $29.10 billion by 2027 growing at a CAGR of 14.8% during the forecast period. Some of the key factors influencing the market growth include growing adoption of autonomous equipment, rising emphasis on health and safety, increased demand for metals & minerals and growing environmental concerns. However, difficulties in maintaining business continuity are restricting market growth.
Digital mining is considered as the next wave of business transformation in the mining industry. Digital Mining services are designed to deal with market volatility, the ageing workforce and IT and OT cost reduction.
On the basis of form, underground mining is expected to register superior growth on account of fast depleting minerals on the surface due to development and adoption of advanced technology such as integrated automation, Internet of Things (IoT), and automated mining equipment for underground mining. As the resources available on the surface are fast depleting, extraction of metals and minerals has to be done underground thus helping this segment to grow rapidly during the forecast period.
By Geography, The Asia Pacific region is expected to have considerable market growth during the forecast period, due to the significant growth observed across developing countries such as China and India. The escalating number of mining activities is projected to encourage the growth of the Asia Pacific digital mining market in the upcoming years.
Some of the key players in global Digital Mining market are Hatch Ltd., SAP SE, Rockwell Automation Inc., ABB Ltd., IBM Corporation, Caterpillar Inc., Cisco Systems, Inc., Wipro Ltd., Siemens AG, Hexagon AB, Huawei Technologies Co., Komatsu Ltd., Sandvik AB., Atlas Joy Global Inc., Itelligence AG, and Wenco International Mining Systems Ltd.
• Real-Time Analytics
• 3D Printing
• Remote Operations Centre
• Autonomous Operations and Robotics
• Connected Worker
• Asset Cybersecurity
• Smart Sensors (IoT)
• Advanced Analytics and Artificial Intelligence
• IT/OT Convergence
• Simulation Modelling
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o South Africa
o Rest of Middle East & Africa
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- Market share assessments for the regional and country-level segments
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- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
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- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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