The Connected Mining Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Connected Mining Market?
The historical growth of the Connected Mining Global Market Report 2024 indicates that the market increased from $15.31 billion in 2024 to $17.37 billion in 2025. This growth represents a compound annual growth rate (CAGR) of 13.4%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Connected Mining Industry?
The global connected mining market is forecasted to reach $31.45 billion in 2029, increasing at a compound annual growth rate (CAGR) of 16.0%.
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What are the Key Growth Drivers Fueling the Connected Mining Market?
The key drivers in the connected mining market are:
• A greater emphasis on sustainability and ESG practices in the mining industry
• Rising energy costs and increasing environmental concerns
• Growing demand for minerals and metals from various sectors
• The need for improved safety and productivity in mining operations
Global Market Segmentation: Identifying Major Connected Mining Industry Segments
The connected mining market covered in this report is segmented –
1) By Component: Solution, Services
2) By Mining Type: Surface, Underground
3) By Deployment Mode: On-premises, Cloud
4) By Application: Exploration, Processing and Refining, Transportation
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What are the Emerging Trends Shaping the Future of the Connected Mining Market?
The key trends in the hospital lighting market are:
• The adoption of digital twin technology in mining operations is a notable emerging trend.
• Edge computing for real-time data processing is growing more prevalent in connected mining.
• There is an increasing shift towards the integration of robotics and automation in mining processes.
• The use of blockchain for transparent and secure transactions and cloud-based platforms for mining operations are equally rising recent trends.
Who Are the Top Competitors & Leading Players in the Connected Mining Market?
Major companies in the connected mining market are:
• ABB Ltd.
• International Business Machines Corporation (IBM)
• SAP SE
• Cisco Systems Inc.
• Schneider Electric SE
• Caterpillar Inc.
• Komatsu Ltd.
• Hitachi Construction Machinery Co. Ltd.
• Hexagon AB
• Sandvik AB
• Epiroc AB
• Wenco International Mining Systems Ltd.
• MineWare Pty Ltd.
• RPMGlobal Holdings Limited
• Siemens AG
• Rockwell Automation Inc.
• Trimble Inc.
• OSIsoft LLC
• Maptek Pty Ltd.
• Dassault Systèmes SE
• IntelliSense.io Ltd.
• Motion Metrics International Corp.
• MST Global Pty Ltd.
• Fluidmesh Networks LLC
• Swift Navigation Inc.
• MineSense Technologies Ltd.
• Micromine Pty Ltd.
Regional Dominance: Which Area Leads the Global Connected Mining Market?
North America was the largest region in the connected mining market in 2024
