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Connected Mining Market Segment Forecasts up to 2023, Research Reports:Transparency Market Research

Connected Mining Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2023
John Collins | 16.05.2016
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Connectivity across mining has become a major concern for the mining industry in the current era primarily to enhance the protection of workers working in mines. Connected mining helps to create safer working conditions in the mine. With the help of multi service and secure IP networks, operational efficiency for daily operations can be maintained significantly. Connected mining solutions enable ease in multiple applications such as dispatch, telemetry, safety, voice and video, over a single reliable, secure network. These solutions can be operated through unified, secure access from any device and any location. Key operations undertaken by connected mining solutions include predictive maintenance, digital tailings monitoring, secure mine operations, asset visibility and monitoring, and connected plant.

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Predictive maintenance increases equipment reliability and controls maintenance cost with prediction analysis to prevent the resource’s maintenance cost.. Digital tail monitoring controls the onsite costing and augments the safety solutions with in-ground sensor monitors and real time video analytics. Asset visibility and monitoring enables real time visibility into status of operations carried out in a mine on a single screen, enhancing the safety of occupational equipment. With the help of connected plant feature, end-to-end mining operations are carried out at ease with zero down time.

Growing popularity of internet of things (IoT) has significantly augmented the connected mining solutions thereby enabling majority of small players to offer connected mining solutions globally. Being a cost effective solution, the technology is adopted at large number of mining locations. The connected mining solution offers features pertaining to employee’s safety and well-being. Moreover, owing to the impact of occupational health and safety standards, connected mining is widely opted by most of the mining industries. However, lack of skilled labor in the mining industry is one of the restraining factors hindering the market growth. The countries with strong infrastructure growth such as the U.S, Australia, the U.K and others are expected to exhibit high adoption in the coming years.

The global connected mining market is segmented on the basis of solutions, services, and region. Segmentation on the basis of solutions include connected resources, connected logistics, connected control systems, connected safety and security systems, and remote management solutions. Connected resources can be further segmented on the basis of performance management and predictive maintenance. Connected logistics segmentation includes fleet and freight management. Connected control systems undertake temperature, fuel emission and air quality monitoring systems. Connected safety and security system encompasses solutions such as proximity detection or collision avoidance, fatigue monitoring system, cyber security, and emergency and rapid response management. Remote management solutions can be further categorized into health monitoring, labor force management and workplace management. Connected mining service segment is segmented into consulting, system integration, and support and maintenance. Segmentation on the basis of region includes North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

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The key players in the global connected mining market include Cisco Systems Inc., Trimble Navigation Ltd. Rockwell Automation, ABB Group, SAP SE, Hexagon AB, Symbioticware Inc. and IntelleSense.io.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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