Global Digital Mining Market is Expected to Grow at 14.3% in the Forecast Period of 2021 to 2028

Global Digital Mining Market is forecasted to grow at 14.3% with factor such as increasing awareness for safety concerns associated with mine & laborers.                                                                                                                                                               

Digital mining market has shown an exceptional penetration in countries such as the U.S., Germany and China. Increasing focus towards the digitization of mining industry is boosting the growth in developed countries. In developing countries, rising adoption of advanced technologies is creating an opportunity for the digital mining market.

Digital Mining Market Scenario

According to Data Bridge Market Research, the market for digital mining in North America region has the highest market share followed by Europe and Asia-Pacific. Market leader is Siemens, which accounts an estimated market share of approximately 10% to 20%, globally. The company has gained outstanding sales through their wide range of digital mining.

Digital Mining Market

Trends Impacting the Market

Now the question is which other regions Siemens, ABB and Caterpillar are targeting? Data Bridge Market Research has estimated a large growth in North America digital mining market and the market leaders targeting the U.S., Canada and Mexico to be their next revenue pockets for 2021.

The digital mining market is becoming more competitive every year with companies such Siemens, ABB and Caterpillar, as they are the market leaders for digital mining market. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the digital mining market.

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Digital Mining Market Development

  • In November 2019, Siemens entered into strategic partnership with juwi for microgrids in the mining industry. Under this partnership, both the companies aim to develop the advanced microgrid control system that enables integration of power from renewable energy to a mine's off-grid power supply. This has helped the company to enhance their offerings and to grow in the market.

Scope of the Digital Mining Market

Global digital mining market is segmented on the basis of countries into the U.S., Canada and Mexico, Germany, France, Russia, U.K., Italy, Spain, Netherlands, Belgium, Switzerland, Turkey, and Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, UAE, Saudi Arabia, Israel, Egypt and Rest of Middle East & Africa.

  • On the basis of type, the digital mining market is segmented into solutions and services. On the basis of components, the digital mining market has been segmented into connected worker, remote operations center, autonomous operations, integrated platforms, smart sensors, asset cyber security, advanced analytics and 3D printing. On the basis of metal type, the digital mining market has been segmented into iron and ferro alloys, non-ferrous metals and precious metals. On the basis of mining type, the digital mining market has been segmented into surface mining and underground mining. On the basis of technology, the digital mining market has been segmented into automation and robotics, internet of things (IoT), big data, retail time analytics, AI, spatial, geographic information systems, automated drones, cybersecurity, blockchain and others. On the basis of application, the digital mining market has been segmented into maintenance planning, frontline mobility solutions, geo-fencing safety and others.

To know more about the study

Key Pointers Covered in Digital Mining Market Industry Trends and Forecast to 2028

  • Market Size
  • Market Standards and Changes
  • Market Trials in Different Regions
  • Market Requirements in Different Regions
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Recent Market Value for Different regions
  • Sales Data for Market Competitors
  • Market Key Vendors and Disruptors Study

Key Market Competitors Covered in the Report

  • ABB
  • Siemens
  • Rockwell Automation, Inc.
  • SAP SE
  • Wipro Limited
  • Wencomine (a subsidiary of Hitachi Construction Machinery Co., Ltd.)
  • Cisco
  • Caterpillar
  • General Electric
  • Sandvik AB
  • Hexagon AB (a subsidiary of HEXAGON)
  • IBM Corporation
  • Hatch Ltd.
  • Wabtec Corporation
  • Komatsu Mining Corp. (a subsidiary of Komatsu Ltd.)
  • Accenture
  • Trimble Inc.
  • Schneider Electric
  • Tech Mahindra Limited

Above are the key players covered in the report, to know about more and exhaustive list of digital mining companies’, contact us

Research Methodology: Global Digital Mining Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Managers, Directors, Government, Mining Companies, Consultants
  • Supply Side: Service Providers, Product Managers, Product Designer, Marketing Managers, C-Level Executives, Market Intelligence, and Regulatory Affairs Managers among others.

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