Digital Mining Market By Application Type (Underground Mining and Surface Mining), By Offerings (Services and Solutions) - Growth, Future Prospects, and Competitive Landscape, 2019 - 2027

The global digital mining market was valued at US$ 6.83 Bn in 2018 and is expected to expand at a CAGR of 9.2% during the forecast period from 2019 to 2027. The projected growth of the digital mining market worldwide will be propelled by a combination of factors including perpetually growing adoption of autonomous equipment, rising emphasis on health and safety, and growing environmental concerns. Furthermore, the growing penetration of advanced technologies including Internet of Things has helped companies reduce their labor cost significantly leading to cost optimization. In addition, companies involved in mining activities are gradually adopting artificial intelligence, 3D modeling, and integrated automation among others. This is fuelling the growth of the digital mining market.

Market Synopsis

Digital Mining Market

Get a sample copy for more information

"Surface Mining to Dominate; Underground Mining to Register Maximum Growth throughout the Forecast Period"

Based on type, the global digital mining market is categorized into two major categories, namely: underground mining and surface mining... Surface mining is the most widely used type to extract metals and minerals from the ground is expected to dominate with more than 50% of market share throughout the forecast period of 2019-2027. As most of the resources are available for extraction from the surface of earth itself this segment accounts for majority of the market revenue share. On the other hand, underground mining is expected to register superior growth on account of fast depleting minerals on the surface. As the resources available on the surface are fast depleting, extraction of metals and minerals has to be done underground thus helping this segment to grow rapidly during the forecast period. In the recent times, development and adoption of advanced technology such as integrated automation, Internet of Things (IoT), and automated mining equipment for underground mining among others are propelling the growth of this segment.

Digital Mining Market

Get a sample copy for more information

"Asia Pacific Dominates; North America and Europe Touted to Register Significant Growth during the Forecast Period"

In 2018, Asia Pacific was the largest value contributing region to the global digital mining market followed by North America and Europe respectively. Asia Pacific is expected to grow at a CAGR of 9.9% during the forecast period from 2019 to 2027. This is due to the significant growth observed across developing countries such as China and India. Escalating number of mining activities is projected to encourage the growth of the Asia Pacific digital mining market in the upcoming years. In contrast, North America is expected to register sturdier growth, especially during the initial years on the back of large investments made by multiple organizations, robust infrastructure and rapid adoption of digital age products. The anticipated demand for digital mining in North America is expected to be driven by the ongoing paradigm shift towards digitization in countries such as the U.S.

Digital Mining Market

Get a sample copy for more information

Some of the leading manufacturers profiled in the study include Caterpillar Inc., SAP SE, ABB Ltd., Wipro Ltd., Hatch Ltd, Hexagon AB, Rockwell Automation Inc., Sandvik AB, Cisco Systems, Inc., IBM Corporation, Siemens AG, Itelligence AG, Huawei Technologies Co., Wenco International Mining Systems Ltd., Komatsu Ltd., OutotecOyj, Copco, Atlas Joy Global Inc., Alcatel-Lucent among others. 

Digital Mining Market

Historical & Forecast Period

This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2017 to 2027, considering 2018 as the base year for the research. CAGR (Compounded Annual Growth Rate) for each segment and sub-segment is calculated for the forecast period from 2019 to 2027

Report Scope by Segments

The digital mining market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global digital mining market based on type, offerings, and geography. Key segments covered in the report are as follows: 

Research Period  2018-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Billion

 Type Segment (2017–2027; US$ Bn)
 • Underground Mining
 • Surface Mining

 Offerings Segment (2017–2027; US$ Bn)
 • Services
 • Solutions 

 Geography Segment (2017–2027; US$ Bn)
 • North America (U.S. and Rest of North America)
 • Europe (U.K., Germany, Russia, and Rest of Europe)
 • Asia Pacific (China, India, Australia, and Rest of Asia Pacific)
 • Rest of World (Middle East & Africa (MEA), Latin America)

Key questions answered in this report

  • Worldwide market value of the digital mining market in 2017 and 2018
  • Estimated forecast and market projections up to 2027
  • Which is largest regional market for digital mining?
  • Which segment has highest penetration of digital mining solutions?
  • Which are the key trends driving the global digital mining market growth?
  • Who are the leading vendors in the digital mining market worldwide?
  • What are the key strategies adopted by the leading digital mining vendors?
Choose License Type
Budget Buying
Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
Trusted By
Published Date:  Sep 2019
Category:  Technology & Media
Report ID:   59930
Report Format:   PDF
Pages:   120
Rating:    4.2 (49)
Delivery Time: 24 Hours to 48 Hours   
Connect With Us
24/7 Research Support