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Rise in Oil and Gas Industry to Boost Smart Mining Industry

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Published on : Dec 26, 2017

ALBANY, New York, December 26, 2017: As per a new research report, recently added to the vast depository of ResearchMoz.us, the global market for smart mining is registering a tremendous growth and is projected to remain expanding constantly over the forthcoming years. The research study, titled “Smart Mining Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast - 2017–2025,” offers an all-inclusive analysis of this market, focusing especially on the growth boosters and restraining factors. It also assesses the prominent trends and the past and current performance of this market in a bid to determine its future status.

According to the research report, with the advancements in the technologies, the demand for smart mining has considerably increased for a wider array of industrial applications, especially in the oil and gas and chemical industries. This, as a result, is expected to drive the growth of this market in the years to come, reports the market study.

In this research report, the global market for smart mining has been evaluated on the basis of the automated equipment, hardware component, software solution, service, and the geographical reach of this market. Based on the automated equipment, the worldwide smart mining market has been classified into load haul dump, excavators, robotic truck, drillers and breakers, and other automated equipment. Based on hardware component, the market has been divided into RFID tags, sensors, and intelligent systems. By software content, the market has been bifurcated into logistics software, safety and security systems, data and operation management software, connectivity solutions, remote management solutions, analytics solutions, and asset management solutions.

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The market has been further categorized on the basis of its service into system integration and implementation services, support and maintenance, consulting, and automated equipment training services, states the research report.

On the basis of the geography, the worldwide smart mining market has been bifurcated into the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. The Middle East and Africa have surfaced as the leading regional markets for smart mining across the world. North America and Asia Pacific are also expected to report steady rise in the near future, notes the study.

The competitive evaluation of the worldwide market for smart mining has also been presented in this research report. Researchers have thoroughly reviewed the company profiles and the existing and upcoming projects of the leading participants to determine the current hierarchy between them. As per the market study, this market is fragmented and highly competitive, thanks to the presence of numerous local vendors of smart mining across the world. With the increasing consolidation activities, such as strategic alliances and mergers and acquisitions, the degree of competition among these vendors is expected to intensify further in the coming years. The pricing strategies adopted by these vendors will also instigate the rivalry between them. The leading players in the global market for smart mining are Rockwell Automation, Inc., Trimble Navigation Limited, SAP SE, HEXAGON, SYMBOTICWARE INC., Cisco Systems Inc., STONE THREE MINING PTY LTD, Alastri, ABB Ltd., IntelliSense.io, Atlas Copco, Hitachi Construction Machinery Co. Ltd., Caterpillar Inc., Joy Global Inc., Sandvik AB, Komatsu Ltd., and Alcatel-Lucent., as mentioned in this research study

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