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

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Market Insights

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 the perpetually growing adoption of autonomous equipment, rising emphasis on health and safety, and growing environmental concerns. Furthermore, the growing penetration of advanced technologies, including the 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

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: underground mining and surface mining… Surface mining is the most widely used type to extract metals and minerals from the ground and is expected to dominate with more than 50% of the market share throughout the forecast period of 2019-2027. As most of the resources are available for extraction from the surface of the earth itself, this segment accounts for the 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 quickly depleting, extraction of metals and minerals has to be done underground, thus helping this segment grow rapidly during the forecast period. Furthermore, in recent times, the development and adoption of advanced technology, such as integrated automation, the Internet of Things (IoT), and automated mining equipment for underground mining, among others, are propelling the growth of this segment.

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The 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 in the global digital mining market, followed by North America and Europe. 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. The 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 toward digitization in countries such as the U.S.

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, intelligence AG, Huawei Technologies Co., Wenco International Mining Systems Ltd., Komatsu Ltd., OutotecOyj, Copco, Atlas Joy Global Inc., Alcatel-Lucent among others.

Historical & Forecast Period

This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2017 to 2027, considering 2018as 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.

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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. In addition, the report provides a holistic view of the global digital mining market based on type, offerings, and geography. Key segments covered in the report are as follows:

1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase III-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted

2. Executive Summary
2.1. Global DM Market Snapshot
2.2. Global DM Market, by Type, 2018 (US$ Bn)
2.3. Global DM Market, by Offerings , 2018 (US$ Bn)
2.4. Global DM Market, by Geography, 2018 (US$ Bn)

3. Global Digital Mining (DM) Market Analysis
3.1. Global DM Market Overview
3.2. Market Inclination Insights
3.2.1. Recent Trends
3.2.2. Future Outlook
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Challenges
3.4. Attractive Investment Proposition, by Geography, 2018
3.5. Competitive Landscape
3.5.1. Market Positioning of the Leading Vendors
3.5.2. Major Strategies Adopted

4. Global Digital Mining (DM) Market Value, by Type , 2017 – 2027 (US$ Bn)
4.1. Overview
4.1.1. DM Market Value, by Type, 2018 & 2027 (Value %)
4.2. Underground Mining
4.3. Surface Mining

5. Global Digital Mining (DM) Market Value, by Offerings , 2017 – 2027 (US$ Bn)
5.1. Overview
5.1.1. DM Market Value, by Offerings, 2018 & 2027 (Value %)
5.2. Services
5.3. Solutions

6. North America Digital Mining (DM) Market Analysis, 2017 – 2027 (US$ Bn)
6.1. North America DM Market Value, by Type, 2017 – 2027 (US$ Bn)
6.1.1. Underground Mining
6.1.2. Surface Mining
6.2. North America DM Market Value, by Offerings , 2017 – 2027 (US$ Bn)
6.2.1. Services
6.2.2. Solutions
6.3. North America DM Market Value, by Country, 2017 – 2027 (US$ Bn)
6.3.1. U.S.
6.3.1.1. U.S. DM Market Value, by Type, 2017 – 2027 (US$ Bn)
6.3.1.2. U.S. DM Market Value, by Offerings , 2017 – 2027 (US$ Bn)
6.3.2. Rest of North America
6.3.2.1. Rest of North America DM Market Value, by Type, 2017 – 2027 (US$ Bn)
6.3.2.2. Rest of North America DM Market Value, by Offerings , 2017 – 2027 (US$ Bn)

7. Europe Digital Mining (DM) Market Analysis, 2017 – 2027 (US$ Bn)
7.1. Europe DM Market Value, by Type, 2017 – 2027 (US$ Bn)
7.1.1. Underground Mining
7.1.2. Surface Mining
7.2. Europe DM Market Value, by Offerings , 2017 – 2027 (US$ Bn)
7.2.1. Services
7.2.2. Solutions
7.3. Europe DM Market Value, by Region, 2017 – 2027 (US$ Bn)
7.3.1. U.K.
7.3.1.1. U.K. DM Market Value, by Type, 2017 – 2027 (US$ Bn)
7.3.1.2. U.K. DM Market Value, by Offerings , 2017 – 2027 (US$ Bn)
7.3.2. Germany
7.3.2.1. Germany DM Market Value, by Type, 2017 – 2027 (US$ Bn)
7.3.2.2. Germany DM Market Value, by Offerings , 2017 – 2027 (US$ Bn)
7.3.3. Russia
7.3.3.1. Russia DM Market Value, by Type, 2017 – 2027 (US$ Bn)
7.3.3.2. Russia DM Market Value, by Offerings , 2017 – 2027 (US$ Bn)
7.3.4. Rest of Europe
7.3.4.1. Rest of Europe DM Market Value, by Type, 2017 – 2027 (US$ Bn)
7.3.4.2. Rest of Europe DM Market Value, by Offerings , 2017 – 2027 (US$ Bn)

8. Asia Pacific Digital Mining (DM) Market Analysis, 2017 – 2027 (US$ Bn)
8.1. Asia Pacific DM Market Value, by Type, 2017 – 2027 (US$ Bn)
8.1.1. Underground Mining
8.1.2. Surface Mining
8.2. Asia Pacific DM Market Value, by Offerings , 2017 – 2027 (US$ Bn)
8.2.1. Services
8.2.2. Solutions
8.3. Asia Pacific DM Market Value, by Country, 2017 – 2027 (US$ Bn)
8.3.1. Australia
8.3.1.1. Australia DM Market Value, by Type, 2017 – 2027 (US$ Bn)
8.3.1.2. Australia DM Market Value, by Offerings , 2017 – 2027 (US$ Bn)
8.3.2. China
8.3.2.1. China DM Market Value, by Type, 2017 – 2027 (US$ Bn)
8.3.2.2. China DM Market Value, by Offerings , 2017 – 2027 (US$ Bn)
8.3.3. India
8.3.3.1. India DM Market Value, by Type, 2017 – 2027 (US$ Bn)
8.3.3.2. India DM Market Value, by Offerings , 2017 – 2027 (US$ Bn)
8.3.4. Rest of Asia Pacific
8.3.4.1. Rest of Asia Pacific DM Market Value, by Type, 2017 – 2027 (US$ Bn)
8.3.4.2. Rest of Asia Pacific DM Market Value, by Offerings , 2017 – 2027 (US$ Bn)

9. Rest of World Digital Mining (DM) Market Analysis, 2017 – 2027 (US$ Bn)
9.1. Rest of World DM Market Value, by Type, 2017 – 2027 (US$ Bn)
9.1.1. Underground Mining
9.1.2. Surface Mining
9.2. Rest of World DM Market Value, by Offerings , 2017 – 2027 (US$ Bn)
9.2.1. Services
9.2.2. Solutions
9.3. Rest of World DM Market Value, by Region, 2017 – 2027 (US$ Bn)
9.3.1. Latin America
9.3.1.1. Latin America DM Market Value, by Type, 2017 – 2027 (US$ Bn)
9.3.1.2. Latin America DM Market Value, by Offerings , 2017 – 2027 (US$ Bn)
9.3.2. Middle-East & Africa
9.3.2.1. Middle-East & Africa DM Market Value, by Type, 2017 – 2027 (US$ Bn)
9.3.2.2. Middle-East & Africa DM Market Value, by Offerings , 2017 – 2027 (US$ Bn)

10. Company Profiles
10.1. Caterpillar Inc.
10.2. SAP SE
10.3. ABB Ltd.
10.4. Wipro Ltd.
10.5. Hatch Ltd.
10.6. Hexagon AB
10.7. Rockwell Automation Inc.
10.8. Sandvik AB.
10.9. Cisco Systems, Inc.
10.10. IBM Corporation
10.11. Siemens AG
10.12. Itelligence AG
10.13. Huawei Technologies Co.
10.14. Wenco International Mining systems Ltd.
10.15. Komatsu Ltd.

List of Figures

FIG. 1 Global Digital Mining (DM): Market Segmentation
FIG. 2 Global DM Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global DM Market, by Type, 2018 (US$ Bn)
FIG. 5 Global DM Market, by Offerings , 2018 (US$ Bn)
FIG. 6 Global DM Market, by Geography, 2018 (US$ Bn)
FIG. 7 Global DM Market Value and Growth, 2017 – 2027, (US$ Bn and % Y-o-Y)
FIG. 8 Attractive Investment Proposition : Global DM Market
FIG. 9 Market Positioning of the Leading Manufacturers, 2018
FIG. 10 Global DM Market Value Contribution, by Type, 2018 & 2027 (Value %)
FIG. 11 Global DMs Market Value and Growth for Underground Mining, 2017 – 2027, (US$ Bn)
FIG. 12 Global DMs Market Value and Growth for Surface Mining, 2017 – 2027, (US$ Bn)
FIG. 13 Global DM Market Value Contribution, by Offering, 2018 & 2027 (Value %)
FIG. 14 Global DM Market Value and Growth for Services, 2017 – 2027, (US$ Bn)
FIG. 15 Global DM Market Value and Growth for Solutions, 2017 – 2027, (US$ Bn)
FIG. 16 North America DM Market Value and Growth, 2017 – 2027, (US$ Bn) (Y-o-Y %)
FIG. 17 Europe DM Market Value and Growth, 2017 – 2027, (US$ Bn) (Y-o-Y %)
FIG. 18 Asia Pacific DM Market Value and Growth, 2017 – 2027, (US$ Bn) (Y-o-Y %)
FIG. 19 RoW DM Market Value and Growth, 2017 – 2027, (US$ Bn) (Y-o-Y %)

List of Tables

TABLE 1 Market Snapshot: Global Digital Mining (DM) Market
TABLE 2 Key Trends in DM Industry
TABLE 3 Impact Indicators
TABLE 4 Impact Analysis of Drivers and Restraints
TABLE 5 North America DM Market Value, by Type, 2017 – 2027 (US$ Bn)
TABLE 6 North America DM Market Value, by Offerings , 2017 – 2027 (US$ Bn)
TABLE 7 North America DM Market Value, by Country, 2017 – 2027 (US$ Bn)
TABLE 8 U.S. DM Market Value, by Type, 2017 – 2027 (US$ Bn)
TABLE 9 U.S. DM Market Value, by Offerings , 2017 – 2027 (US$ Bn)
TABLE 10 Rest of North America DM Market Value, by Type, 2017 – 2027 (US$ Bn)
TABLE 11 Rest of North America DM Market Value, by Offerings , 2017 – 2027 (US$ Bn)
TABLE 12 Europe DM Market Value, by Type, 2017 – 2027 (US$ Bn)
TABLE 13 Europe DM Market Value, by Offerings , 2017 – 2027 (US$ Bn)
TABLE 14 Europe DM Market Value, by Country, 2017 – 2027 (US$ Bn)
TABLE 15 U.K. DM Market Value, by Type, 2017 – 2027 (US$ Bn)
TABLE 16 U.K. DM Market Value, by Offerings , 2017 – 2027 (US$ Bn)
TABLE 17 Russia DM Market Value, by Type, 2017 – 2027 (US$ Bn)
TABLE 18 Russia DM Market Value, by Offerings , 2017 – 2027 (US$ Bn)
TABLE 19 Germany DM Market Value, by Type, 2017 – 2027 (US$ Bn)
TABLE 20 Germany DM Market Value, by Offerings , 2017 – 2027 (US$ Bn)
TABLE 21 Rest of Europe DM Market Value, by Type, 2017 – 2027 (US$ Bn)
TABLE 22 Rest of Europe DM Market Value, by Offerings , 2017 – 2027 (US$ Bn)
TABLE 23 Asia Pacific DM Market Value, by Type, 2017 – 2027 (US$ Bn)
TABLE 24 Asia Pacific DM Market Value, by Offerings , 2017 – 2027 (US$ Bn)
TABLE 24 Asia Pacific DM Market Value, by Country, 2017 – 2027 (US$ Bn)
TABLE 25 Australia DM Market Value, by Type, 2015- 2025 (US$ Bn)
TABLE 26 Australia DM Market Value, by Offerings , 2017 – 2027 (US$ Bn)
TABLE 27 China DM Market Value, by Type, 2017 – 2027 (US$ Bn)
TABLE 28 China DM Market Value, by Offerings , 2017 – 2027 (US$ Bn)
TABLE 29 India DM Market Value, by Type, 2017 – 2027 (US$ Bn)
TABLE 30 India DM Market Value, by Offerings , 2017 – 2027 (US$ Bn)
TABLE 31 Rest of Asia Pacific DM Market Value, by Type, 2017 – 2027 (US$ Bn)
TABLE 32 Rest of Asia Pacifc DM Market Value, by Offerings , 2017 – 2027 (US$ Bn)
TABLE 33 Rest of World DM Market Value, by Type, 2017 – 2027 (US$ Bn)
TABLE 34 Rest of World DM Market Value, by Offerings , 2017 – 2027 (US$ Bn)
TABLE 35 Rest of World DM Market Value, by Region, 2017 – 2027 (US$ Bn)
TABLE 36 Latin America DM Market Value, by Type, 2017 – 2027 (US$ Bn)
TABLE 37 Latin America DM Market Value, by Offerings , 2017 – 2027 (US$ Bn)
TABLE 38 Middle-East & Africa DM Market Value, by Type, 2017 – 2027 (US$ Bn)
TABLE 39 Middle-East & Africa DM Market Value, by Offerings , 2017 – 2027 (US$ Bn)

Frequently Asked Questions

What is the size of Digital Mining Market?

The market for Digital Mining Market is expected to reach US$ XX Bn in 2027.

What is the Digital Mining Market CAGR?

The Digital Mining Market is expected to see significant CAGR growth over the coming years, at 9.2%.

What is the Forecast period considered for Digital Mining Market?

The report is forecasted from 2019-2027.

What is the base year considered for Digital Mining Market?

The base year of this report is 2018.

Who are the major players in this market?

Caterpillar Inc., SAP SE, ABB Ltd., Wipro Ltd., Hatch Ltd., Hexagon AB are some of the major players in the global market.

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