Increased Concerns Regarding Optimization of Mining Operations Fuels Demand for Smart Mining

Published Date : Jul 01, 2016

The global market for smart mining has experienced exponential growth in the last few years. The increased concerns pertaining to the optimization of mining operations have driven the demand smart mining significantly in the recent past. The emergence of Internet of Things (IoT) solutions in mining has also boosted this market across the world. In addition to this, the increasing awareness regarding the negative effects of mining on the environment is projected to fuel the demand for smart mining in the coming years.

Increasing Usage of IoT in Mining to boost Asia Pacific Market for Smart MiningĀ 
The global smart mining market is spread across North America, South America, Central America, Europe, Asia Pacific, and the Middle East and Africa. In 2014, Asia Pacific emerged as the biggest market for smart mining and was closely followed by North America and Europe. These regional markets are likely to register a healthy rise over the next few years. The increasing usage of IoT solutions in the field of mining several emerging countries emerging economies is propelling the market for smart mining in Asia Pacific at a significant rate. Here is a snapshot of how other regional markets are expected to perform in the coming years.

  • The market for smart mining in the Middle East and Africa is projected to exhibit significant growth in the coming years. The immense rise in the economy, together with the increase in the mining activities, in various African Countries is likely to boost the smart mining market in this region in the near future.
  • The South America and Central America markets for smart mining are anticipated to witness steady rise over the next few years on account of the rapid adoption of technology.

Rockwell Automation Inc., Symboticware Inc., Hexagon Mining, SAP SE, ABB Ltd., Trimble Navigation Ltd.,, Stone Three Mining, Atlas Copco, and Alastri are some of the leading companies in the global smart mining market.