Research and Markets - Global Connected Mining Market Growth at 17% CAGR by 2020 With ABB, Cisco & Komatsu Dominating

DUBLIN, Dec 8, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Connected Mining Market 2016-2020" report to their offering.

The report forecasts the global connected mining market to grow at a CAGR of 17.46% during the period 2016-2020.

This report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One of latest trends in the market is growing demand for big data analytics. With the adoption of connected technology and data centers, most of the enterprises are adopting advanced tools to leverage the availability of an abundance of data. These companies are leveraging big data and designing their IT strategy to capitalize on such opportunities. For instance, in 2014, IBM introduced new big data solutions to help organizations in avoiding financial crimes by using advanced analytics to address losses each year. To make the most of this data, governments worldwide are focusing on building a big data infrastructure, which has increased the overall IT services cost. This has prompted the government to outsource data analytics activities. As the use of big data has spread across several industrial segments including mining, the convergence of big data with the industrial internet is likely to return better payoffs, resulting in its adoption in all mining applications.

According to the report, one of the primary drivers in the market is increased global mining operations. Minerals and metals play a crucial role in daily operational activities involving food and water supply, sewage treatment, energy, infrastructure, transportation, construction, and manufacturing industries. Depleting mineral deposits in Europe and the US have led to a rise in the exploration and mining activities in Latin America, Africa, and parts of Asia. Technological advances facilitate the exploration of the previously inaccessible mining deposits. The development of large ocean-going vessels, which were initially constructed to transport crude oil, is also facilitating the global trade of bulk mineral commodities, such as iron ore and bauxite.

Key vendors:

• ABB
• Cisco
• Komatsu
• Caterpillar
• Deere-Hitachi

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Market research methodology

Part 04: Introduction

Part 05: Market landscape

Part 06: Market segmentation by type

Part 07: Market segmentation by category

Part 08: Global connected mining component market by category

Part 09: Geographical segmentation

Part 10: Market drivers

Part 11: Impact of drivers

Part 12: Market challenges

Part 13: Impact of drivers and challenges

Part 14: Market trends

Part 15: Vendor landscape

Part 16: Key vendor analysis

Part 17: Appendix

For more information about this report visit http://www.researchandmarkets.com/research/hzr62x/global_connected

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