Smart Mining Market to Advance at CAGR of 10.2% during 2021-2031; TMR Study – PR Newswire UK

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15 Apr, 2022, 02:30 BST
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ALBANY, N.Y., April 15, 2022 /PRNewswire/ — Firms engaged in smart mining operations are increasingly leveraging automation technologies and advanced connectivity solutions in order to unlock productivity gains. Mining companies globally are investing in these products and solutions to continuously improve safety and boost real-time equipment monitoring, all of which help them raise bottom-lines. A study by TMR scrutinizing key drivers and lucrative opportunities has projected the global smart mining market to reach US$ 29.10 Bn by 2031.
Adoption of data operation & management software has helped mining companies in smart mining market garner revenue gains by optimizing equipment performance in real-time. At the same time, such solutions support proactive maintenance methods which are instrumental in ensure safer mining.
The analysts in the TMR study observed that innovation in various equipment pieces such as drillers & beakers, automated excavators, and load haul dumps allow controlling of mining and exploration activities remotely and more efficiently. In addition to prospects of smart connectivity solutions in remote management, adoption of asset management solutions are poised to have significant impact on the growth.
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Key Findings of Smart Mining Market Study
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Smart Mining Market: Key Drivers
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Smart Mining Market: Regional Growth Dynamics
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Smart Mining Market: Key Players
Some of the key players in the smart mining market are:
Global Smart Mining Market: Segmentation
Smart Mining Market by Automated Equipment
Smart Mining Market by Hardware Component
Smart Mining Market by Software Solution
Smart Mining Market by Service
Smart Mining Market by Region
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About Transparency Market Research
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyse information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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