Global Digital Mining Market Size, Share, Trends, Industry Analysis Report: Information By Technology, By Application, and By Region - Market Forecast, 2024

Description

List of Tables

The global digital mining market size is expected to reach USD 19.83 billion by 2032, according to a new study by Polaris Market Research. The report "Global Digital Mining Market Size, Share, Trends, Industry Analysis Report: Information By Technology (Automation & robotics, Real-time analytics, Cybersecurity, Other), By Application, and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2024 - 2032." gives a detailed insight into current market dynamics and provides analysis on future market growth.

The growing adoption of digital solutions in the mining sector, increasing mining exploration activities, and the higher requirement for safety as well as error-free decision-making in the mining industry are propelling the growth of the digital mining market. The shift to digital and automated technologies has revolutionized mining processes, making them less labor-intensive and more organized. This has led to the integration of digital solutions into mining processes by companies. For instance, in April 2024, Innomotics (a Siemens business) partnered with the Anglo American to develop a digital mining solution for the Quellaveco copper mine in Peru.

In addition, the use of automation and robotics in mining facilitates real-time monitoring and predictive maintenance and reduces environmental impact. These factors improve operational efficiency, optimize production processes, and enhance safety measures. The use of such technologies in the mining sector is leading to a significant boost, further propelling the growth of the digital mining market. For instance, in October 2023, the Indian mining & quarrying sector showed a remarkable increase of 13.1% compared to the same month in the previous year.

Furthermore, the digital mining market is driven by an increasing emphasis on sustainability and environmental responsibility. The demand for minerals and metals, fueled by infrastructure development and renewable energy projects, is also driving market growth. Also, regulatory pressures to comply with environmental standards are accelerating the adoption of digital mining technologies. For instance, in August 2023, Petrosea adopted a robust digital strategy using SAP-based solutions and developed a platform to measure sustainability data.

Digital Mining Market Report Highlights

Automation & robotics segment dominated the growth in 2023, owing to its potential to significantly enhance productivity.

Precious metal segment led the market with the largest revenue share due to increasing demand from numerous end-use industries such as automotive, construction, and energy industries.

The Asia Pacific digital mining market held the dominant share in 2023 due to the presence of abundant mineral reserves in various countries across the Asia Pacific region, such as Australia, Indonesia, and Mongolia.

The global players include Caterpillar (USA), Sandvik AB (Sweden), SAP (Germany), ABB (Sweden), Rockwell Automation, Inc. (USA), Siemens (Germany), Komatsu Mining Corp. (Japan)

Polaris Market Research has segmented the digital mining market report based on technology, application, and region:

Digital Mining, Technology Outlook (Revenue - USD Billion, 2019 - 2032)

Automation & robotics
Real-time analytics
Cybersecurity
Other

Digital Mining, Application Outlook (Revenue - USD Billion, 2019 - 2032)

Iron & ferro alloys
Non-ferrous metals
Precious metals
Other

Digital Mining, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Australia
Rest of Asia Pacific
Latin America
Argentina
Brazil
Mexico
Rest of Latin America
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Rest of Middle East & Africa

Product Code: PM4991

1. Introduction

1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary

2.1. Market Highlights

3. Research Methodology

3.1. Overview
- 3.1.1. Data Mining
3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources

4. Global Digital Mining Market Insights

4.1. Digital Mining Market - Application Snapshot
4.2. Digital Mining Market Dynamics
- 4.2.1. Drivers and Opportunities
  - 4.2.1.1. A Significant Boost in the Mining Sector is Driving Market Growth
  - 4.2.1.2. Rising Adoption of New Digital Solutions to Drive Market Demand
- 4.2.2. Restraints and Challenges
  - 4.2.2.1. Data privacy and security concerns.
4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Digital Mining Market Application Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis

5. Global Digital Mining Market, by Technology

5.1. Key Findings
5.2. Introduction
- 5.2.1. Global Digital Mining Market, by Technology, 2019-2032 (USD Billion)
5.3. Automation & robotics
- 5.3.1. Global Digital Mining Market, by Automation & robotics, by Region, 2019-2032 (USD Billion)
5.4. Real-time analytics
- 5.4.1. Global Digital Mining Market, by Real-time analytics, by Region, 2019-2032 (USD Billion)
5.5. Cybersecurity
- 5.5.1. Global Digital Mining Market, by Cybersecurity, by Region, 2019-2032 (USD Billion)
5.6. Other
- 5.6.1. Global Digital Mining Market, by Other, by Region, 2019-2032 (USD Billion)

6. Global Digital Mining Market, by Application

6.1. Key Findings
6.2. Introduction
- 6.2.1. Global Digital Mining Market, by Application, 2019-2032 (USD Billion)
6.3. Iron & ferro alloys
- 6.3.1. Global Digital Mining Market, by Iron & ferro alloys, by Region, 2019-2032 (USD Billion)
6.4. Non-ferrous metals
- 6.4.1. Global Digital Mining Market, by Non-ferrous metals, by Region, 2019-2032 (USD Billion)
6.5. Precious metals
- 6.5.1. Global Digital Mining Market, by Precious metals, by Region, 2019-2032 (USD Billion)
6.6. Other
- 6.6.1. Global Digital Mining Market, by Other, by Region, 2019-2032 (USD Billion)

7. Global Digital Mining Market, by Geography

7.1. Key Findings
7.2. Introduction
- 7.2.1. Digital Mining Market Assessment, By Geography, 2019-2032 (USD Billion)
7.3. Digital Mining Market - North America
- 7.3.1. North America: Digital Mining Market, by Application, 2019-2032 (USD Billion)
- 7.3.2. North America: Digital Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.3.3. Digital Mining Market - U.S.
  - 7.3.3.1. U.S.: Digital Mining Market, by Application, 2019-2032 (USD Billion)
  - 7.3.3.2. U.S.: Digital Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.3.4. Digital Mining Market - Canada
  - 7.3.4.1. Canada: Digital Mining Market, by Application, 2019-2032 (USD Billion)
  - 7.3.4.2. Canada: Digital Mining Market, by Technology, 2019-2032 (USD Billion)
7.4. Digital Mining Market - Europe
- 7.4.1. Europe: Digital Mining Market, by Application, 2019-2032 (USD Billion)
- 7.4.2. Europe: Digital Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.4.3. Digital Mining Market - UK
  - 7.4.3.1. UK: Digital Mining Market, by Application, 2019-2032 (USD Billion)
  - 7.4.3.2. UK: Digital Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.4.4. Digital Mining Market - France
  - 7.4.4.1. France: Digital Mining Market, by Application, 2019-2032 (USD Billion)
  - 7.4.4.2. France: Digital Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.4.5. Digital Mining Market - Germany
  - 7.4.5.1. Germany: Digital Mining Market, by Application, 2019-2032 (USD Billion)
  - 7.4.5.2. Germany: Digital Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.4.6. Digital Mining Market - Italy
  - 7.4.6.1. Italy: Digital Mining Market, by Application, 2019-2032 (USD Billion)
  - 7.4.6.2. Italy: Digital Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.4.7. Digital Mining Market - Spain
  - 7.4.7.1. Spain: Digital Mining Market, by Application, 2019-2032 (USD Billion)
  - 7.4.7.2. Spain: Digital Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.4.8. Digital Mining Market - Netherlands
  - 7.4.8.1. Netherlands: Digital Mining Market, by Application, 2019-2032 (USD Billion)
  - 7.4.8.2. Netherlands: Digital Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.4.9. Digital Mining Market - Russia
  - 7.4.9.1. Russia: Digital Mining Market, by Application, 2019-2032 (USD Billion)
  - 7.4.9.2. Russia: Digital Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.4.10. Digital Mining Market - Rest of Europe
  - 7.4.10.1. Rest of Europe: Digital Mining Market, by Application, 2019-2032 (USD Billion)
  - 7.4.10.2. Rest of Europe: Digital Mining Market, by Technology, 2019-2032 (USD Billion)
7.5. Digital Mining Market - Asia Pacific
- 7.5.1. Asia Pacific: Digital Mining Market, by Application, 2019-2032 (USD Billion)
- 7.5.2. Asia Pacific: Digital Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.5.3. Digital Mining Market - China
  - 7.5.3.1. China: Digital Mining Market, by Application, 2019-2032 (USD Billion)
  - 7.5.3.2. China: Digital Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.5.4. Digital Mining Market - India
  - 7.5.4.1. India: Digital Mining Market, by Application, 2019-2032 (USD Billion)
  - 7.5.4.2. India: Digital Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.5.5. Digital Mining Market - Malaysia
  - 7.5.5.1. Malaysia: Digital Mining Market, by Application, 2019-2032 (USD Billion)
  - 7.5.5.2. Malaysia: Digital Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.5.6. Digital Mining Market - Japan
  - 7.5.6.1. Japan: Digital Mining Market, by Application, 2019-2032 (USD Billion)
  - 7.5.6.2. Japan: Digital Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.5.7. Digital Mining Market - Indonesia
  - 7.5.7.1. Indonesia: Digital Mining Market, by Application, 2019-2032 (USD Billion)
  - 7.5.7.2. Indonesia: Digital Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.5.8. Digital Mining Market - South Korea
  - 7.5.8.1. South Korea: Digital Mining Market, by Application, 2019-2032 (USD Billion)
  - 7.5.8.2. South Korea: Digital Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.5.9. Digital Mining Market - Australia
  - 7.5.9.1. Australia: Digital Mining Market, by Application, 2019-2032 (USD Billion)
  - 7.5.9.2. Australia: Digital Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.5.10. Digital Mining Market - Rest of Asia Pacific
  - 7.5.10.1. Rest of Asia Pacific: Digital Mining Market, by Application, 2019-2032 (USD Billion)
  - 7.5.10.2. Rest of Asia Pacific: Digital Mining Market, by Technology, 2019-2032 (USD Billion)
7.6. Digital Mining Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Digital Mining Market, by Application, 2019-2032 (USD Billion)
- 7.6.2. Middle East & Africa: Digital Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.6.3. Digital Mining Market - Saudi Arabia
  - 7.6.3.1. Saudi Arabia: Digital Mining Market, by Application, 2019-2032 (USD Billion)
  - 7.6.3.2. Saudi Arabia: Digital Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.6.4. Digital Mining Market - UAE
  - 7.6.4.1. UAE: Digital Mining Market, by Application, 2019-2032 (USD Billion)
  - 7.6.4.2. UAE: Digital Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.6.5. Digital Mining Market - Israel
  - 7.6.5.1. Israel: Digital Mining Market, by Application, 2019-2032 (USD Billion)
  - 7.6.5.2. Israel: Digital Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.6.6. Digital Mining Market - South Africa
  - 7.6.6.1. South Africa: Digital Mining Market, by Application, 2019-2032 (USD Billion)
  - 7.6.6.2. South Africa: Digital Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.6.7. Digital Mining Market - Rest of Middle East & Africa
  - 7.6.7.1. Rest of Middle East & Africa: Digital Mining Market, by Application, 2019-2032 (USD Billion)
  - 7.6.7.2. Rest of Middle East & Africa: Digital Mining Market, by Technology, 2019-2032 (USD Billion)
7.7. Digital Mining Market - Latin America
- 7.7.1. Latin America: Digital Mining Market, by Application, 2019-2032 (USD Billion)
- 7.7.2. Latin America: Digital Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.7.3. Digital Mining Market - Mexico
  - 7.7.3.1. Mexico: Digital Mining Market, by Application, 2019-2032 (USD Billion)
  - 7.7.3.2. Mexico: Digital Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.7.4. Digital Mining Market - Brazil
  - 7.7.4.1. Brazil: Digital Mining Market, by Application, 2019-2032 (USD Billion)
  - 7.7.4.2. Brazil: Digital Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.7.5. Digital Mining Market - Argentina
  - 7.7.5.1. Argentina: Digital Mining Market, by Application, 2019-2032 (USD Billion)
  - 7.7.5.2. Argentina: Digital Mining Market, by Technology, 2019-2032 (USD Billion)
- 7.7.6. Digital Mining Market - Rest of Latin America
  - 7.7.6.1. Rest of Latin America: Digital Mining Market, by Application, 2019-2032 (USD Billion)
  - 7.7.6.2. Rest of Latin America: Digital Mining Market, by Technology, 2019-2032 (USD Billion)

8. Competitive Landscape

8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
8.2. Partnerships/Collaborations/Agreements/Exhibitions

9. Company Profiles

9.1. ABB
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
9.2. Caterpillar
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
9.3. Hexagon AB
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
9.4. IBM
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
9.5. Komatsu Mining Corp.
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
9.6. Rockwell Automation, Inc.
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
9.7. Sandvik AB
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
9.8. SAP
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
9.9. Siemens
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development