Get In Touch

Mine Planning Solutions Market to Reach Valuation of ~US$ 2 Bn by 2027: Transparency Market Research

Mine Planning Solutions Market: Introduction

Mine planning solutions are used to shorten planning cycles through an integrated design, evaluation, and scheduling environment. The mine planning solutions market is driven by various factors such as rising demand for industrial automation, surge in demand for paperless mining processes, and cloud-based mine planning solutions. The mine planning solutions market is expected to advance at a CAGR of ~13% from 2019 to 2027, reaching a market size of ~US$ 2 Bn by 2027, up from ~US$ 700 Mn in 2019.

Demand for Industrial Automation

Mine planning solutions are integrated software applications aimed at providing mining companies or industries the mean to schedule and plan, direct and operate, and track and analyze their operations. Presently, mining industries are experiencing increase in demand for mineral resources due to the rising urbanization and rapid development of emerging economies. In addition, competitive economic conditions are compelling manufacturers to increase production in a cost effective manner. This in turn is leading to the growth in demand for industrial control systems aimed at optimizing processes and providing better visibility of the floor. Need for quicker turnaround and efficient utilization of resources or inventories is further driving the need for automation in the mining industry.

Mine planning solutions offer real-time information of the mining process, allowing mining companies to quickly respond to any challenge that could negatively impact efficiency, productivity, and quality. In addition, mine planning solutions offer uninterrupted visibility into production operations, enabling an overall view of the underground mining surface. Mine planning solutions provide collaborative geology and mine planning capabilities that support cross-functional teams involved in modeling, exploration, mine design, production scheduling, and long-term planning.

Furthermore, mine planning solutions help mining companies bridge the gap between enterprise resources planning and process control. Some leading players in the mine planning solutions market provide industrial automation services to establish common standards across multiple plants and sites, minimizing cost, lead times, WIP, and inventory.

Mine Planning Solutions: Market Segmentation

The mine planning solutions market is segmented on the basis of component, deployment, application, and region. The component segment has been further classified on the basis of solution, and training & services offered. The use of internet has contributed to extensive adoption of mine planning solutions across the world. Distributed computing and other network-based technologies are likely to be incorporated in the more advanced mine planning packages, contributing to the growth of the mine planning solutions market. Based on solution, the market is segmented into integrated solutions and standalone solutions.

Based on deployment, the mine planning solutions market is segmented into on-premise and cloud. The cloud segment is expected to expand at the highest CAGR during the forecast period. The cloud-based solution provides a single environment for integration of services. Programming interfaces between web applications are frequently standardized and because web applications are universally available, it is straightforward to provide interfaces between different applications.

Based on application, the mine planning solutions market is segmented into open mining surface, and underground mining surface. In terms of region, the market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is anticipated to hold prominent share of the global mine planning solutions market during the forecast period due to the presence of several global players in the region, especially in the U.S. and Canada.

 Mine Planning Solutions Market: Competitive Dynamics

Some of the major players in the global mine planning solutions market are Bentley Systems, Incorporated, Dassault Systems, Hexagon Ab, Infosys Limited, John Wood Group Plc, Micromine Pty Ltd., Minemax Pty. Ltd, RPMGlobal, Trimble Inc., and Vareli Tecnac Pvt. Ltd.

Global Mine Planning Solutions Market: Segmentation

Mine Planning Solutions Market, by Component

  • Solution
    • Integrated Solutions
    • Standalone Solutions (Modules)
  • Designing
  • Scheduling
  • Drill & Blast
  • Geology
  • Training & Services

Mine Planning Solutions Market, by Deployment

  • On-premise
  • Cloud

Mine Planning Solutions Market, by Application

  • Open Mining Surface
  • Underground Mining Surface

Mine Planning Solutions Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • U.K.
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa
    • UAE
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact Us

Transparency Market Research
State Tower
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

7 of 10 large enterprizes view our ToC to take the right decision.

View Report ToC