Published By : 05 Aug 2016 | Published By : QYRESEARCH
There has been an increase in mining activities of late. This has resulted in the declining of the ore grades and industry players are exploring remote locations for newer reserves. Mining companies are facing reduced productivity and efficiency. This in turn has created a demand for integrating information and operational technologies to improve performance. Smart mining is the result of this need. Smart mining has become inadvertent for companies who wish to optimize performance and increase their efficiency. Automation and software solutions are justifying their cost owing to the increased profitability and efficiency that they provide. Thus, the global smart mining market is expected to witness a significant growth over the coming years.
Benefits of Smart Mining Software Solutions
Asia Pacific Led in Smart Mining Market in 2014
Among North America, Asia Pacific, Europe, South and Central America, and the Middle East and Africa, Asia Pacific led the smart mining market in 2014, as per a new research report published by Transparency Market Research (TMR). High use of internet of things (IoT) solutions in China and India are behind the growth of Asia Pacific in the smart mining market. Europe followed Asia Pacific in terms of leading in the market. Additionally, the smart mining market is expected to experience remarkable growth in the Middle East and Africa owing to the rising mining activities in the region.