The global smart mining market is expected to grow from USD 4,230.46 million 2017 to USD 12,821.47 million by the end of 2024 at a Compound Annual Growth Rate (CAGR) of 17.16%.

"Increased emphasis on safety & health in logisticsis one of the factors largely attributing to the growth of smart mining market globally"

The factors attributing to the growth of the market are increased emphasis on safety & health in logistics, accelerating adoption of iot solutions, rise in adoption of autonomous equipment, growing environmental concerns, and increased investment on ict in mining. However, some factors such as limited access to skilled laborforce, and government regulations concerning air, water and overall environment quality may hinder the market growth. The global smart mining market is expected to showcase the opportunities such as plant automation, enhancement in digital mining concepts, and investment in rich mining infrastructure. In the near future, the market may face the possible challenges in the growth due to and lack of standardization for the implementation of smart mining solutions and equipment. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the global smart mining market market.

On the basis of component, the global smart mining market is studied across Hardware, Services, and Software.

On the basis of equipment, the global smart mining market is studied across Drillers & Brakers, Excavator, Load Haul Dump, and Robotic Truck.

On the basis of geography, the global smart mining market is studied across Americas, (United States, Brazil, Canada, Mexico, and Argentina) Europe, Middle East & Africa, (United Kingdom, Germany, France, Saudi Arabia, United Arab Emirates, Italy, and Russia) and Asia-Pacific (China, Japan, India, and Australia).

"ABB Ltd.: The potential growing player for the global smart mining market"

The key players profiled in the global smart mining market are ABB Ltd., Alastri, Atlas Copco AB, Caterpillar Inc., Cisco Systems, Inc., Hexagon AB, Hitachi Construction Machinery Co., Ltd., International Business Machines?Corporation, Komatsu Mining Corp., Outotec Oyj, PTC Inc., Rockwell Collins, Inc., SAP SE, Symboticware Inc., and Trimble Inc..


The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players in the global smart mining market.
2. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the global smart mining market.
3. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets for the global smart mining market.
4. Market Diversification: Provides detailed information about new products launches, untapped geographies, recent developments, and investments in the global smart mining market.
5. Competitive Assessment & Intelligence: Provides exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global smart mining market.