The global mining automation software market size is anticipated to expand at a substantial CAGR during the forecast period, between 2020 and 2027. Mining, which was initially considered a hazardous job has now turned into a much safer occupation with the development of automation and communication techniques in the mining industry.
In order to improve productivity mining companies are implementing mining automation software, as it allows administrators to analyze process workflow more effectively. Mining software reduces manpower, enhances productivity, and improves the safety of the work environment inside mines, which is anticipated to drive the adoption of mining automation software during the forecast period.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing need for optimizing production costs, changing the mining work environment, and reducing human intervention are driving the mining automation software market.
- Rising investments in digital technologies, such as human-machine interaction and analytics, which is anticipated to fuel the market.
- Novel technologies are challenging the feasibility of traditional drilling and exploration processes, thereby creating lucrative opportunities for the adoption of mining automation software in end-use industries.
- Growing focus on proving safer environment for mining employees is expected to create opportunities in the coming years for mining automation software providers.
- Depletion of natural resources is anticipated to hamper the market during the forecast period.
- Key market players are focusing on product launches to sustain in the competitive environment. For instance, Australia based RPMGlobal Holdings Limited, a provider of mining software launched Coal Seam Aggregation software to expand its product portfolio in mining automation.
- Increasing government support and investments, and current initiatives such as the Digital Transformation Initiative (DFT) for the digital progression in the mining industry, are expected to boost the adoption of mining automation software.
Scope of Mining Automation Software Market Report
The report on the global mining automation software market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
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Attributes
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Details
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Report Title
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Mining Automation Software Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2019
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Historic Data
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2017–2018
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Forecast Period
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2020–2027
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Segmentation
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Techniques (Underground Mining and Surface Mining), and Applications (Metal Mining, Mineral Mining, and Coal Mining)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
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Key Players Covered in the Report
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SAP AG; Maptek Pty Limited; INX Software Pty Ltd; Constellation Software Inc.; Hexagon AB; Minemax; ABB; acQuire Technology Solutions Pty Ltd; Dassault Systemes; ThreeDify Inc.; ARANZ Geo Ltd., and Micromine.
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Mining Automation Software Market Segment Insights
In the terms of techniques, the mining automation software market can be segmented into underground and surface mining. Working in underground mines is considered extremely precarious, which is driving the need for automation in underground mining operations. Moreover, major minerals are found under the earth’s crust, which is anticipated to drive the adoption of mining automation software for underground mining operations.
On the basis of applications, the market can be segregated into metal mining, mineral mining, and coal mining. Growing demand for metals such as zinc, nickel, lead, and copper by end-use industries is anticipated to fuel segment growth.
Additionally, rising adoption of autonomous techniques in metal exploration activities is anticipated to drive the adoption of mining software in the metal mining segment. The coal mining segment is expected to grow during the forecast period owing to the rising need to improve excavating conditions at coal exploration sites.
Based on regions, the global mining automation software market can be classified as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa (MEA). North America is expected to hold a key share of the market owing to the early adoption of the latest technologies and favorable government policies.
Growing opportunities for mineral exploration projected is estimated to fuel market growth in the Middle East and Africa (MEA). The market in Asia Pacific expected to grow significantly during the forecast period owing to the untapped potential for mineral exploration activities in countries such as India and China.
Segments
Techniques
- Underground Mining
- Surface Mining
Applications
- Metal Mining
- Mineral Mining
- Coal Mining
Regions
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
Key Players
- SAP AG
- Maptek Pty Limited
- INX Software Pty Ltd
- Constellation Software Inc.
- Hexagon AB
- Minemax
- ABB
- acQuire Technology Solutions Pty Ltd
- Dassault Systemes
- ThreeDify Inc.
- ARANZ Geo Ltd.
- Micromine.
Competitive Landscape
Key players in the mining automation software market include SAP AG; Maptek Pty Limited; INX Software Pty Ltd; Constellation Software Inc.; Hexagon AB; Minemax; ABB; acQuire Technology Solutions Pty Ltd; Dassault Systemes; ThreeDify Inc.; ARANZ Geo Ltd.; and Micromine. Mergers & acquisitions, collaborations, agreements, and partnerships are some growth strategies adopted by these players to strengthen their geographical presence.
For instance, in February 2019, Australia-based mining software provider, Micromine, collaborated with the MinEx Cooperative Research Centre. With this collaboration, Micromine is projected to be the sole provider of information software solutions for the Cooperative Research Centers (CRC) Projects in Australia.
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