Global Digital Mining market report deals with copious of important market related aspects which are; market size estimations, company and market best practices, entry level strategies, market dynamics, positioning, segmentations, competitive landscaping and benchmarking, opportunity analysis, economic forecasting, industry-specific technology solutions, roadmap analysis, and in-depth benchmarking of vendor offerings. This industry analysis report is a window to the industry which describes what market definition, classifications, applications, engagements and market trends are. An excellent Digital Mining market research report provides the best professional in-depth study on the current state for the ICT industry.
 
The digital mining market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 14.3% in the forecast period of 2021 to 2028 and expected to reach USD 31,453.164 million by 2028. Growing need for real-time analysis in the mining industry is acting as major factor for the growth of the digital mining market.
 
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 Market Overview:
 
Digital mining refers to carrying out mine activities with a digital touch. It includes various solutions and services which are developed to optimize and manage mine operations and production activities. Digital mining helps to automate various mine activities such as record management, data storage, monitoring, and streamline production activities, supply chain management, asset management, risk management and others.
 
Global Digital Mining Market Scope and Market Size
 
The digital mining market is segmented on the basis of type, components, metal type, mining type, technology and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
 
  • On the basis of type, the digital mining market is segmented into solutions and services. In 2021, solutions segment held larger share in the market owing to surging demand to gather real-time data for effective decision making, ability to manage entire mining operations in a better way, high need to improve security of workers in the hazardous area, ongoing digital transformation across the mining industry and to enhance company’s performance and productivity.
  • 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. In 2021, connected worker segment held the largest share in the market attributed to communicate real-time data on tasks, workplans and progress reports.
  • On the basis of metal type, the digital mining market has been segmented into iron and ferro alloys, non-ferrous metals and precious metals. In 2021, iron and ferro alloys segment held the largest share in the market as iron and ferro alloys compose a large part of the overall metals nowadays as the base metal is iron and also include carbon steel, alloy steel and others.
  • On the basis of mining type, the digital mining market has been segmented into surface mining and underground mining. In 2021, surface mining segment is dominating the market owing to its several advantages as compared to underground mining such as cost-effectiveness, recover more of the resource, usually up to 100% within the mining excavation, is safer and can use larger-scale mining equipment offering higher production rates.
 
The major players covered in the report are ABB, Siemens, Rockwell Automation, Inc., SAP SE, Wipro Limited, Wencomine. (A Subsidiary of Hitachi Construction Machinery Co., Ltd.), Cisco Systems, Inc., Caterpillar., GENERAL ELECTRIC, Sandvik AB, HEXAGON, IBM corporation, Hatch Ltd., Wabtec Corporation., Komatsu Mining Corp (A Subsidiary of Komatsu Ltd.), Accenture, Trimble Inc., Schneider Electric, BENTLEY SYSTEMS, INCORPORATED and Tech Mahindra Limited among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
 
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