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New Report Predicts Growth of Global Smart Mining Market

Reviewed

Nov 1 2018

The "Smart Mining Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024" report has been added to ResearchAndMarkets.com's offering.

The report predicts the global smart mining market to grow with a CAGR of 9.2% over the forecast period of 2018-2024.

The study on smart mining market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific and RoW for the period of 2016 to 2024.

Smart mining offers various benefits such as reduced operational cost, reduction in labor cost and improving overall productivity that is the key factor driving the growth of smart mining market. In addition, the increasing adoption of internet of things (IoT) and rising health and environment concern are driving the market growth of smart mining across all over the globe.

Furthermore, ongoing research and developments to upgrade the equipment, software and services to provide improved and efficient infrastructure are likely to boost the growth of smart mining. However, stringent government regulations about air, water, and environment is hampering the market growth. Moreover, High competition and technological advancement across world results in to the adoption of various automated equipment for the mining is projected to create various opportunities in the smart mining market over the forecast period.

Geographically, Asia-Pacific accounts for the largest share in the smart mining market. The mining activities are growing in the emerging countries such as Africa boost the market growth of smart mining in the Asia-pacific region. In addition, the advancements in the mining infrastructures at Africa and other countries are expected to escalate the market growth in Asia-pacific region in upcoming years

Segment Covered

Global Smart Mining Market by Type