Connected mines are quickly being recognized as the next step in mining resource management and extraction. The primary function achieved by the implementation of connected mining is the speeding up of the mining process by the workers, while ensuring top level worker safety. Safety is the top priority in any mining scenario and the implementations provided in the global connected mining market are instrumental in obtaining the safest method of resource extraction possible.
Key segmentations in the global connected mining market are made on the basis of services, solutions provided, and regions. Each segment is described in terms of market statistics and latest user trends and demand values. Consulting, maintenance and support, and systems integration are the key segments in the global connected mining market as per services offered.
The report offers a high level of comprehensive analytics performed on the latest statistics on the global connected mining market. These analytics are used to gain valuable insights into the market’s future in terms of segment dynamics and predicted opportunities and restraints. The key projections in the global connected mining market have been generated through logical assumptions and proven research methodologies.
Overview of the Global Connected Mining Market
The introduction of advanced technologies and the Internet of Things have drastically improved the scope of functionalities in the global connected mining market. Their inculcation has allowed a large number of smaller businesses to enter the market with relative ease. It has significantly improved the cost-efficiency quotient of connected mining technologies on a global scale. The global connected mining market has thus been able to gain grounds at a rapid rate in terms of demand and implementation.
Worker safety and efficiency can be maintained at a high level in mining through the use of secure IP networks and multi-service networks. They help ensure optimal operational efficiency in terms of regular operations and can also be maintained at that efficiency for longer durations.
The incorporation of predictive maintenance in the global connected mining market further adds to the system’s reliability while also keeping maintenance resource costs at a minimum. Onsite costs can be improved by using digital tail monitoring controls while also adding to the safety solutions provided through in-ground sensors and carrying out multiple functions on single screens.
The global connected mining market is, however, held back by the lack of skilled labor available for operating and managing the advanced equipment. This is more prominent in emerging nations. Despite similar restraining factors, the global connected mining market is expected to show massive growth rates in the U.K., Australia, and the U.S, owing to their strong mining industry infrastructure and the ability to add new technologies with ease.
Companies mentioned in the research report
The leading players in the global connected mining market currently are SAP SE, Hexagon AB, Cisco Systems Inc., Rockwell Automation, Trimble Navigation Ltd., ABB Group, Symbioticware Inc. and IntelleSense.io.
Trimble’s Connected Mine, one of their recent releases into the global connected mining market, is an integrated and holistic view of a mine in terms of its data. The technology uses a myriad of mine aspects to allow mining companies make full use of their resources.
Key segments of the Global Connected Mining Market
Global Connected Mining Market, by Solutions
- Connected resources
- Performance management
- Predictive maintenance
- Connected logistics
- Fleet management
- Freight management
- Connected control systems
- Air quality monitoring
- Fuel emission monitoring
- Temperature monitoring
- Connected safety and security systems
- Proximity detection or collision avoidance
- Fatigue monitoring system
- Cyber security
- Emergency and rapid response management
- Remote management solutions
- Health monitoring
- Labor force management
- Workplace management
Global Connected Mining Market, by Services
- System integration
- Support and maintenance
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.