Connected Mining Market Report 2025 (Global Edition)

Global Connected Mining Market Report 2025 Market Size Split by Offering (Solutions, Services), by Solution (Asset Tracking and Optimization, Fleet Management, Industrial Safety and Security, Workforc...

Connected Mining Market Report Description

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Connected Mining Market Insights Video

Competitive Landscape of the Connected Mining Market

The competitive landscape of the connected mining market is made up of a variety of well-known technology suppliers, producers of mining equipment, and up-and-coming firms that focus on digital solutions. Businesses are vying to provide comprehensive, integrated solutions that cater to the unique requirements of the mining sector in a highly dynamic market.

March 2023: At the Mobile World Congress 2023 in Barcelona, Spain, Ericsson and Comsol inked a reseller agreement for Ericsson to supply the Ericsson Private 5G solution, which would allow Comsol to grow its enterprise business within the mining sector of South Africa. This partnership is expected to assist the country's mining sector in achieving its sustainability objectives, enhancing worker safety, and increasing operational efficiency thanks to Comsol's mining and systems integration experience and Ericsson's superior connectivity offering. (Source: https://www.ericsson.com/en/press-releases/1/2023/comsol-and-ericsson-partner-to-accelerate-digital-transformation-in-south-africas-mining-sector) September 2021: Leading software provider for the mining industry, MICROMINE, announced the acquisition of Alastria, its second in less than a quarter. The business, which is well-known for its prowess in geology, mining design, and mine management, is expanding quickly and bringing cutting-edge scheduling software provider Alastri into its fold. (Source: https://www.globalminingreview.com/finance-business/08092021/micromine-announces-acquisition-of-alastria/)

Top Companies Market Share in Connected Mining Industry: (In no particular order of Rank)

• Hexagon
• ABB Ltd.
• Schneider Electric
• SAP SE
• Accenture
• Trimble Inc.
• IBM Corporation
• Cisco Systems Inc.
• Rockwell Automation Inc.
• Siemens AG
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Connected Mining Market

Which Region Dominates the Connected Mining Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue. It is anticipated that the market for connected mining in North America will keep expanding due to further investments in digital transformation, the uptake of new technologies, and the need for more efficient and sustainable mining practices. Furthermore, the future of the connected mining industry in North America will be greatly influenced by innovation and strategic alliances between technology providers and mining firms.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Connected Mining market. The market of the Asia Pacific region is propelled by rapid industrialization and urbanization, the adoption of advanced technologies, and rising government initiatives and regulations. Moreover, the focus on safety and sustainability further drives the market growth.

The current report Scope analyzes Connected Mining Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Connected Mining Market

According to Cognitive Market Research, the global Connected Mining market size was estimated at USD 13452.6 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 5381.04 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Connected Mining market with a market size of USD 4245.64 million in 2024 and is projected to grow at a CAGR of 9.5% during the forecast period. The nation's rising mining industry.
• The Canada Connected Mining market had a market share of USD 645.72 million in 2024 and is projected to grow at a CAGR of 10.5% during the forecast period. Canada's increasing investment.
• The Mexico Connected Mining market is projected to witness growth at a CAGR of 10.2% during the forecast period, with a market size of USD 489.67 million in 2024.

Europe Connected Mining Market

According to Cognitive Market Research, the global Connected Mining market size was estimated at USD 13452.6 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 4035.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.

• The United Kingdom Connected Mining market had a market share of USD 678.01 million in 2024 and is projected to grow at a CAGR of 10.8% during the forecast period. In the UK, Connected Mining sales witnessed an upswing due to the nation's rising product innovation.
• The France Connected Mining market is projected to witness growth at a CAGR of 9.2% during the forecast period, with a market size of USD 371.29 million in 2024.
• According to Cognitive Market Research, the German Connected Mining market size was valued at USD 799.08 million in 2024 and is projected to grow at a CAGR of 10.2% during the forecast period. In Germany, Connected Mining surged due to the presence of major market players.
• The Italy Connected Mining market is projected to witness growth at a CAGR of 9.4% during the forecast period, with a market size of USD 347.08 million in 2024.
• The Russia Connected Mining market is projected to witness growth at a CAGR of 9.0% during the forecast period, with a market size of USD 625.55 million in 2024.
• The Spain Connected Mining market is projected to witness growth at a CAGR of 9.1% during the forecast period with a market size of USD 330.93 million in 2024
• The Luxembourg Connected Mining market is projected to witness growth at a CAGR of 10.1% during the forecast period, with a market size of USD 125.11 million in 2024.
• The Portugal Connected Mining market is projected to witness growth at a CAGR of 9.8% during the forecast period, with a market size of USD 84.75 million in 2024.
• The Greece Connected Mining market is projected to witness growth at a CAGR of 10.3% during the forecast period, with a market size of USD 48.43 million in 2024.
• Rest of Europe's Connected Mining market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 625.55 million in 2024.

Asia Pacific Connected Mining Market

According to Cognitive Market Research, the global Connected Mining market size was estimated at USD 13452.6 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 3094.10 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.5% from 2024 to 2031.

• According to Cognitive Market Research, the China Connected Mining market size was valued at USD 1392.34 million in 2024 and is projected to grow at a CAGR of 13.0% during the forecast period. Connected Mining surged in China due to the adoption of advanced technologies.
• The Japan Connected Mining market is projected to witness growth at a CAGR of 12.0% during the forecast period, with a market size of USD 426.99 million in 2024.
• The India Connected Mining market had a market share of USD 371.29 million in 2024 and is projected to grow at a CAGR of 15.3% during the forecast period. India's growing mining sector.
• The South Korean Connected Mining market is projected to witness growth at a CAGR of 12.6% during the forecast period, with a market size of USD 309.41 million in 2024.
• The Australian Connected Mining market is projected to witness growth at a CAGR of 13.2% during the forecast period, with a market size of USD 160.89 million in 2024.
• The South East Asia Connected Mining market is projected to witness growth at a CAGR of 14.5% during the forecast period, with a market size of USD 213.49 million in 2024.
• The Rest of Asia Pacific Connected Mining market is projected to witness growth at a CAGR of 13.3% during the forecast period, with a market size of USD 219.68 million in 2024.

South America Connected Mining Market

According to Cognitive Market Research, the global Connected Mining market size was estimated at USD 13452.6 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 672.63 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.9% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil Connected Mining market size was valued at USD 287.89 million in 2024 and is projected to grow at a CAGR of 11.5% during the forecast period. Connected Mining flourished in Brazil due to product innovation.
• Argentina's Connected Mining market had a market share of USD 113.00 million in 2024 and is projected to grow at a CAGR of 11.8% during the forecast period. Argentina's technological advancements augment the demand.
• Colombia Connected Mining market is projected to witness growth at a CAGR of 10.7% during the forecast period, with a market size of USD 59.86 million in 2024.
• Peru Connected Mining market is projected to witness growth at a CAGR of 11.1% during the forecast period, with a market size of USD 55.16 million in 2024.
• Chile Connected Mining market is projected to witness growth at a CAGR of 11.2% during the forecast period, with a market size of USD 48.43 million in 2024.
• The Rest of Latin America's Connected Mining market is projected to witness growth at a CAGR of 10.0% during the forecast period, with a market size of USD 108.29 million in 2024.

Middle East Connected Mining Market

According to Cognitive Market Research, the global Connected Mining market size was estimated at USD 13452.6 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 269.05 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.2% from 2024 to 2031..

• The GCC Countries Connected Mining market is projected to witness growth at a CAGR of 12.0% during the forecast period, with a market size of USD 115.15 million in 2024. Connected Mining sales flourish due to the presence of major market players.
• The Egypt Connected Mining market is projected to witness growth at a CAGR of 11.5% during the forecast period, with a market size of USD 28.25 million in 2024.
• The South Africa Connected Mining market is projected to witness growth at a CAGR of 12.2% during the forecast period, with a market size of USD 42.51 million in 2024. Connected Mining sales flourish in South Africa due to technological advancements, increasing demand, and regulatory support.
• The Turkey Connected Mining market is projected to witness growth at a CAGR of 10.7% during the forecast period, with a market size of USD 23.14 million in 2024.
• The Nigeria Connected Mining market is projected to witness growth at a CAGR of 10.3% during the forecast period, with a market size of USD 28.25 million in 2024.
• The Rest of MEA Connected Mining market is projected to witness growth at a CAGR of 10.2% during the forecast period, with a market size of USD 31.75 million in 2024.

Connected Mining Market Analysis

Connected Mining Market Offering Segment Analysis

According to Cognitive Market Research, Solutions stand out as the dominant category over the projected period. The need to optimize vehicle usage and cut operating expenses is what is driving this segment's revenue growth. Fleet management solutions are gaining popularity as mining companies look to maximize their fleet investment returns.

Services emerge as the fastest-growing category in the Connected Mining market. The market's services segment is propelled by the need for increased operational effectiveness, lower costs, and higher safety regulations. For mining operations to operate as efficiently as possible, professional services are required for the integration of cutting-edge technology like AI and IoT. These services provide optimal performance maintenance of mining software and equipment, minimizing downtime and prolonging equipment lifespan. They also offer personnel training and assistance, which is essential for embracing new technology and guaranteeing security in more automated settings.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Connected Mining Industry. Request a Free Sample PDF!

Connected Mining Market Solution Segment Analysis

According to Cognitive Market Research, the dominant category is Asset Tracking and Optimization. The connected mining industry depends heavily on asset tracking and optimization, which provide significant advantages in terms of productivity, cost savings, sustainability, and safety. The growth of this market will be fueled in the upcoming years by the ongoing development of digital technologies and the growing emphasis on operational excellence.

The fastest-growing category in the Connected Mining market is Fleet Management. The need for sophisticated fleet management solutions is rising as mining companies look to save expenses and increase operational efficiency. These technologies are necessary to maximize the utilization of costly and important assets such as drilling rigs and haul trucks.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Connected Mining Service Segment Analysis

Connected Mining Market Service Segment Analysis

According to Cognitive Market Research, the dominant category is Professional Services. For connected technologies to be successfully deployed, optimized, and maintained, professional services are crucial in the connected mining business. These services help mining firms maximize the advantages of digital transformation while enhancing productivity, safety, and compliance. They also offer invaluable expertise and support.

The fastest-growing category in the Connected Mining market is Managed Services. To ensure efficient management and integration, managed services are becoming more and more necessary as connected mining technologies become more complicated. Additionally, to maximize the usage of linked systems and boost operational effectiveness, mining businesses are looking for managed services that will save costs and increase production.

• Professional Services
• Consulting
• Integration and Deployment
• Support and Maintenance
• Managed Services

Connected Mining Mining Type Segment Analysis

Connected Mining Market Mining Type Segment Analysis

According to Cognitive Market Research, the dominant category is Surface. Surface mining businesses are using linked technology to enhance processes and cut costs, driven by the need for increased operational efficiency. Furthermore, advancements in automation, data analytics, and the Internet of Things are expanding the potential of connected technologies, which increases their appeal to surface mining operations.

The fastest-growing category in the Connected Mining market is Underground. Connected technologies that improve monitoring, communication, and emergency response are becoming more and more common as a result of the need to increase safety in dangerous underground locations. To guarantee compliance and lower operational risks, connected technologies are also being adopted in response to strict safety and environmental standards.

• Surface
• Underground

Connected Mining Deployment Mode Segment Analysis

Connected Mining Market Deployment Mode Segment Analysis

According to Cognitive Market Research, the dominant category is On premise. Because all data is kept and handled locally, on-premise solutions reduce dependency on external cloud providers and offer more control over data protection and privacy. On-premise solutions can also assist in meeting regulatory and compliance standards by keeping infrastructure and data contained inside the actual boundaries of the mining site.

The fastest-growing category in the Connected Mining market is Cloud. Cloud-based solutions are becoming more and more popular due to the demand for scalable processing capacity and the increasing amount of data generated by mining operations.

• On premise
• Cloud

Connected Mining Application Segment Analysis

Connected Mining Market Application Segment Analysis

According to Cognitive Market Research, the dominant category is Exploration. The use of connected technologies that expedite data collecting and processing is motivated by the desire to lower exploration costs and timeframes. Furthermore, there is a growing need for more effective and efficient exploration techniques due to the expansion of mining operations and the growing demand for natural resources.

The fastest-growing category in the Connected Mining market is Transportation. Connected transportation systems facilitate more effective material movement and lower operating costs by optimizing routes, cutting down on idle time, and enhancing load management. Additionally, fuel optimization, route efficiency, and predictive maintenance help to reduce transportation costs, which boosts mining businesses' profitability.

• Exploration
• Processing and Refining
• Transportation

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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