Revenues from Smart Mining industry to top $ 9.98 Billion in 2020 Smart Mining Market

Connected Mining Market worth 9.98 Billion USD by 2020

The report "Connected Mining Market by System and Solution (Connected Asset, Connected
Logistic, Connected Control System, Safety and Security, and Remote Management Solution),
by Method (Surface and Underground Mining), by Service, and by Region - Global Forecast to
2020", The connected mining market size is expected to grow from USD 3.84 Billion in 2015 to USD
9.98 Billion by 2020, at an estimated Compound Annual Growth Rate (CAGR) of 21.0% during the
forecast period. The major drivers of this market include better cost efficiency, increased ICT
spending, and volatile commodity prices. Furthermore, more than 200 smart city projects across the
globe provide huge opportunities for connected mining vendors, service providers, platform providers,
and consulting companies.
Browse 124 market data Tables and 43 Figures spread through 170 Pages and in-depth TOC
on "Connected Mining Market by System and Solution (Connected Asset, Connected Logistic,
Connected Control System, Safety and Security, and Remote Management Solution), by
Method (Surface and Underground Mining), by Service, and by Region - Global Forecast to
2020"
http://www.marketsandmarkets.com/Market-Reports/connected-mining-market-210875078.html
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Evolution of smart connected mines and accelerating market for system integrators open
major opportunities for the connected mining vendors and solution providers
The market size for connected mining segment has considerably grown over the past few years on
the account of evolving mining industry and the emergence of technologies such as Industrial Internet
of Things, data analytics, and remote metering have further augmented the opportunity areas for this
market. The advancement in surface and underground mining systems, solutions, and services
coupled with the increasing integration of IoT with such solutions has led to significant investment in
smart mining projects globally. The increasing opportunity for system integrators will also act as an
opportunity for the connected mining market.
Operational Data Processing & Analytics and Connected Logistics are expected to be the most
promising solutions during the forecast period
The connected mining market has been segmented into systems & solutions, services, methods, and
regions. Operational Data Processing & Analytics and Connected Logistics solution segment is
projected to grow with a high growth rate; hence, will present good market opportunity during the
forecast period. System integration and consulting services holds a major share in the connected
mining services segment. The increasing demand for system integrators to install, manage, and
maintain various connected platforms act as a major driving factor for growth of system integrators.
Currently, North America holds the maximum market share in the connected mining market.
North America is expected to have the largest market share and would dominate the connected
mining market from 2015 to 2020, with growing number of mining projects, increasing need for
mineral ores, and strict government mandates. Latin America and the Middle East & Africa (MEA)
offers potential growth opportunities due to the developing large-scale mining projects, new economic
and political reforms of the region, increasing mineral prices, and employment opportunities.
The major vendors covered in the connected mining market for this study include ABB Group, SAP
SE, Cisco System, Inc., Rockwell Automation, Hexagon AB, and Trimble Navigation Limited.
MarketsandMarkets segments the connected mining market on the basis of Systems and Solutionsoperational data processing and analytics, connected assets, connected logistics, connected control
systems, connected safety and security system, and remote management solution and Servicessystem consulting, system integration, and support & maintenance, andGeography. A detailed