The global digital mining market was valued at US$ 8.82 Bn in 2021 and is expected to expand at a CAGR of 9.2% during the forecast period from 2022 to 2030. The projected growth of the digital mining market worldwide will be propelled by a combination of factors including perpetually growing adoption of autonomous equipment, rising emphasis on health and safety, and growing environmental concerns. Furthermore, the growing penetration of advanced technologies including Internet of Things has helped companies reduce their labor cost significantly leading to cost optimization. In addition, companies involved in mining activities are gradually adopting artificial intelligence, 3D modeling, and integrated automation among others. This is fuelling the growth of the digital mining market.
Some of the leading manufacturers profiled in the study include Caterpillar Inc., SAP SE, ABB Ltd., Wipro Ltd., Hatch Ltd, Hexagon AB, Rockwell Automation Inc., Sandvik AB, Cisco Systems, Inc., IBM Corporation, Siemens AG, Itelligence AG, Huawei Technologies Co., Wenco International Mining Systems Ltd., Komatsu Ltd., OutotecOyj, Copco, Atlas Joy Global Inc., Alcatel-Lucent among others.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
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Surface Mining to Dominate; Underground Mining to Register Maximum Growth throughout the Forecast Period
Based on type, the global digital mining market is categorized into two major categories, namely: underground mining and surface mining. Surface mining is the most widely used type to extract metals and minerals from the ground is expected to dominate with more than 50% of the market share throughout the forecast period of 2022-2030. As most of the resources are available for extraction from the surface of earth itself this segment accounts for majority of the market revenue share. On the other hand, underground mining is expected to register superior growth on account of fast depleting minerals on the surface. As the resources available on the surface are fast depleting, extraction of metals and minerals has to be done underground thus helping this segment to grow rapidly during the forecast period. In the recent times, development and adoption of advanced technology such as integrated automation, Internet of Things (IoT), and automated mining equipment for underground mining among others are propelling the growth of this segment.Asia Pacific Dominates; North America and Europe Touted to Register Significant Growth during the Forecast Period
In 2021, Asia Pacific was the largest value contributing region to the global digital mining market followed by North America and Europe respectively. Asia Pacific is expected to grow at a CAGR of 9.9% during the forecast period from 2022 to 2030. This is due to the significant growth observed across developing countries such as China and India. Escalating number of mining activities is projected to encourage the growth of the Asia Pacific digital mining market in the upcoming years. In contrast, North America is expected to register sturdier growth, especially during the initial years on the back of large investments made by multiple organizations, robust infrastructure and rapid adoption of digital age products. The anticipated demand for digital mining in North America is expected to be driven by the ongoing paradigm shift towards digitization in countries such as the U.S.Some of the leading manufacturers profiled in the study include Caterpillar Inc., SAP SE, ABB Ltd., Wipro Ltd., Hatch Ltd, Hexagon AB, Rockwell Automation Inc., Sandvik AB, Cisco Systems, Inc., IBM Corporation, Siemens AG, Itelligence AG, Huawei Technologies Co., Wenco International Mining Systems Ltd., Komatsu Ltd., OutotecOyj, Copco, Atlas Joy Global Inc., Alcatel-Lucent among others.
Historical & Forecast Period
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Digital Mining market are as follows:- Research and development budgets of manufacturers and government spending
- Revenues of key companies in the market segment
- Number of end users and consumption volume, price and value.
- Geographical revenues generate by countries considered in the report
- Micro and macro environment factors that are currently influencing the Digital Mining market and their expected impact during the forecast period.
Market Segmentation
Type
- Underground Mining
- Surface Mining
Offerings
- Services
- Solutions
Key questions answered in this report
- What are the key micro and macro environmental factors that are impacting the growth of Digital Mining market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2030.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Digital Mining market?
- Which is the largest regional market for Digital Mining market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Digital Mining market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Digital Mining market worldwide?
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Table of Contents
1. Preface1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Phase III - Expert Panel Review
1.3.4. Assumptions
1.3.5. Approach Adopted
2. Executive Summary
2.1. Market Snapshot: Global Digital Mining Market
2.2. Global Digital Mining Market, By Type, 2021 (US$ Million)
2.3. Global Digital Mining Market, By Offerings, 2021 (US$ Million)
2.4. Global Digital Mining Market, By Geography, 2021 (US$ Million)
2.5. Attractive Investment Proposition by Geography, 2021
3. Digital Mining Market: Competitive Analysis
3.1. Market Positioning of Key Digital Mining Market Vendors
3.2. Strategies Adopted by Digital Mining Market Vendors
3.3. Key Industry Strategies
3.4. Tier Analysis 2021 Versus 2030
4. Digital Mining Market: Macro Analysis & Market Dynamics
4.1. Introduction
4.2. Global Digital Mining Market Value, 2020 - 2030, (US$ Million)
4.3. Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Key Challenges
4.3.4. Key Opportunities
4.4. Impact Analysis of Drivers and Restraints
4.5. See-Saw Analysis
5. Digital Mining Market: By Type, 2020-2030, USD (Million)
5.1. Market Overview
5.2. Growth & Revenue Analysis: 2021 Versus 2030
5.3. Market Segmentation
5.3.1. Underground Mining
5.3.2. Surface Mining
6. Digital Mining Market: By Offerings, 2020-2030, USD (Million)
6.1. Market Overview
6.2. Growth & Revenue Analysis: 2021 Versus 2030
6.3. Market Segmentation
6.3.1. Services
6.3.2. Solutions
7. North America Digital Mining Market, 2020-2030, USD (Million)
7.1. Market Overview
7.2. Digital Mining Market: By Type, 2020-2030, USD (Million)
7.3. Digital Mining Market: By Offerings, 2020-2030, USD (Million)
7.4.Digital Mining Market: By Region, 2020-2030, USD (Million)
7.4.1.North America
7.4.1.1. U.S.
7.4.1.1.1. Digital Mining Market: By Type, 2020-2030, USD (Million)
7.4.1.1.1. Digital Mining Market: By Offerings, 2020-2030, USD (Million)
7.4.1.2. Canada
7.4.1.2.1. Digital Mining Market: By Type, 2020-2030, USD (Million)
7.4.1.2.1. Digital Mining Market: By Offerings, 2020-2030, USD (Million)
7.4.1.3. Rest of North America
7.4.1.3.1. Digital Mining Market: By Type, 2020-2030, USD (Million)
7.4.1.3.1. Digital Mining Market: By Offerings, 2020-2030, USD (Million)
8. UK and European Union Digital Mining Market, 2020-2030, USD (Million)
8.1. Market Overview
8.2. Digital Mining Market: By Type, 2020-2030, USD (Million)
8.3. Digital Mining Market: By Offerings, 2020-2030, USD (Million)
8.4.Digital Mining Market: By Region, 2020-2030, USD (Million)
8.4.1.UK and European Union
8.4.1.1. UK
8.4.1.1.1. Digital Mining Market: By Type, 2020-2030, USD (Million)
8.4.1.1.1. Digital Mining Market: By Offerings, 2020-2030, USD (Million)
8.4.1.2. Germany
8.4.1.2.1. Digital Mining Market: By Type, 2020-2030, USD (Million)
8.4.1.2.1. Digital Mining Market: By Offerings, 2020-2030, USD (Million)
8.4.1.3. Spain
8.4.1.3.1. Digital Mining Market: By Type, 2020-2030, USD (Million)
8.4.1.3.1. Digital Mining Market: By Offerings, 2020-2030, USD (Million)
8.4.1.4. Italy
8.4.1.4.1. Digital Mining Market: By Type, 2020-2030, USD (Million)
8.4.1.4.1. Digital Mining Market: By Offerings, 2020-2030, USD (Million)
8.4.1.5. France
8.4.1.5.1. Digital Mining Market: By Type, 2020-2030, USD (Million)
8.4.1.5.1. Digital Mining Market: By Offerings, 2020-2030, USD (Million)
8.4.1.6. Rest of Europe
8.4.1.6.1. Digital Mining Market: By Type, 2020-2030, USD (Million)
8.4.1.6.1. Digital Mining Market: By Offerings, 2020-2030, USD (Million)
9. Asia Pacific Digital Mining Market, 2020-2030, USD (Million)
9.1. Market Overview
9.2. Digital Mining Market: By Type, 2020-2030, USD (Million)
9.3. Digital Mining Market: By Offerings, 2020-2030, USD (Million)
9.4.Digital Mining Market: By Region, 2020-2030, USD (Million)
9.4.1.Asia Pacific
9.4.1.1. China
9.4.1.1.1. Digital Mining Market: By Type, 2020-2030, USD (Million)
9.4.1.1.1. Digital Mining Market: By Offerings, 2020-2030, USD (Million)
9.4.1.2. Japan
9.4.1.2.1. Digital Mining Market: By Type, 2020-2030, USD (Million)
9.4.1.2.1. Digital Mining Market: By Offerings, 2020-2030, USD (Million)
9.4.1.3. India
9.4.1.3.1. Digital Mining Market: By Type, 2020-2030, USD (Million)
9.4.1.3.1. Digital Mining Market: By Offerings, 2020-2030, USD (Million)
9.4.1.4. Australia
9.4.1.4.1. Digital Mining Market: By Type, 2020-2030, USD (Million)
9.4.1.4.1. Digital Mining Market: By Offerings, 2020-2030, USD (Million)
9.4.1.5. South Korea
9.4.1.5.1. Digital Mining Market: By Type, 2020-2030, USD (Million)
9.4.1.5.1. Digital Mining Market: By Offerings, 2020-2030, USD (Million)
9.4.1.6. Rest of Asia Pacific
9.4.1.6.1. Digital Mining Market: By Type, 2020-2030, USD (Million)
9.4.1.6.1. Digital Mining Market: By Offerings, 2020-2030, USD (Million)
10. Latin America Digital Mining Market, 2020-2030, USD (Million)
10.1. Market Overview
10.2. Digital Mining Market: By Type, 2020-2030, USD (Million)
10.3. Digital Mining Market: By Offerings, 2020-2030, USD (Million)
10.4.Digital Mining Market: By Region, 2020-2030, USD (Million)
10.4.1.Latin America
10.4.1.1. Brazil
10.4.1.1.1. Digital Mining Market: By Type, 2020-2030, USD (Million)
10.4.1.1.1. Digital Mining Market: By Offerings, 2020-2030, USD (Million)
10.4.1.2. Mexico
10.4.1.2.1. Digital Mining Market: By Type, 2020-2030, USD (Million)
10.4.1.2.1. Digital Mining Market: By Offerings, 2020-2030, USD (Million)
10.4.1.3. Rest of Latin America
10.4.1.3.1. Digital Mining Market: By Type, 2020-2030, USD (Million)
10.4.1.3.1. Digital Mining Market: By Offerings, 2020-2030, USD (Million)
11. Middle East and Africa Digital Mining Market, 2020-2030, USD (Million)
11.1. Market Overview
11.2. Digital Mining Market: By Type, 2020-2030, USD (Million)
11.3. Digital Mining Market: By Offerings, 2020-2030, USD (Million)
11.4.Digital Mining Market: By Region, 2020-2030, USD (Million)
11.4.1.Middle East and Africa
11.4.1.1. GCC
11.4.1.1.1. Digital Mining Market: By Type, 2020-2030, USD (Million)
11.4.1.1.1. Digital Mining Market: By Offerings, 2020-2030, USD (Million)
11.4.1.2. Africa
11.4.1.2.1. Digital Mining Market: By Type, 2020-2030, USD (Million)
11.4.1.2.1. Digital Mining Market: By Offerings, 2020-2030, USD (Million)
11.4.1.3. Rest of Middle East and Africa
11.4.1.3.1. Digital Mining Market: By Type, 2020-2030, USD (Million)
11.4.1.3.1. Digital Mining Market: By Offerings, 2020-2030, USD (Million)
12. Company Profile
12.1. Caterpillar Inc.
12.1.1. Company Overview
12.1.2. Financial Performance
12.1.3. Product Portfolio
12.1.4. Strategic Initiatives
12.2. SAP SE
12.2.1. Company Overview
12.2.2. Financial Performance
12.2.3. Product Portfolio
12.2.4. Strategic Initiatives
12.3. ABB Ltd.
12.3.1. Company Overview
12.3.2. Financial Performance
12.3.3. Product Portfolio
12.3.4. Strategic Initiatives
12.4. Wipro Ltd.
12.4.1. Company Overview
12.4.2. Financial Performance
12.4.3. Product Portfolio
12.4.4. Strategic Initiatives
12.5. Hatch Ltd.
12.5.1. Company Overview
12.5.2. Financial Performance
12.5.3. Product Portfolio
12.5.4. Strategic Initiatives
12.6. Hexagon AB
12.6.1. Company Overview
12.6.2. Financial Performance
12.6.3. Product Portfolio
12.6.4. Strategic Initiatives
12.7. Rockwell Automation Inc.
12.7.1. Company Overview
12.7.2. Financial Performance
12.7.3. Product Portfolio
12.7.4. Strategic Initiatives
12.8. Sandvik AB.
12.8.1. Company Overview
12.8.2. Financial Performance
12.8.3. Product Portfolio
12.8.4. Strategic Initiatives
12.9. Cisco Systems, Inc.
12.9.1. Company Overview
12.9.2. Financial Performance
12.9.3. Product Portfolio
12.9.4. Strategic Initiatives
12.10. IBM Corporation
12.10.1. Company Overview
12.10.2. Financial Performance
12.10.3. Product Portfolio
12.10.4. Strategic Initiatives
12.11. Siemens AG
12.11.1. Company Overview
12.11.2. Financial Performance
12.11.3. Product Portfolio
12.11.4. Strategic Initiatives
12.12. Itelligence AG
12.12.1. Company Overview
12.12.2. Financial Performance
12.12.3. Product Portfolio
12.12.4. Strategic Initiatives
12.13. Huawei Technologies Co.
12.13.1. Company Overview
12.13.2. Financial Performance
12.13.3. Product Portfolio
12.13.4. Strategic Initiatives
12.14. Wenco International Mining systems Ltd.
12.14.1. Company Overview
12.14.2. Financial Performance
12.14.3. Product Portfolio
12.14.4. Strategic Initiatives
12.15. Komatsu Ltd.
12.15.1. Company Overview
12.15.2. Financial Performance
12.15.3. Product Portfolio
12.15.4. Strategic Initiatives
List of Figures
Figure 1 Global Digital Mining Market: Market Coverage
Figure 2 Research Methodology and Data Sources
Figure 3 Market Size Estimation - Top Down & Bottom-Up Approach
Figure 4 Global Digital Mining Market: Quality Assurance
Figure 5 Global Digital Mining Market, By Type, 2021
Figure 6 Global Digital Mining Market, By Offerings, 2021
Figure 7 Global Digital Mining Market, By Geography, 2021
Figure 8 Market Geographical Opportunity Matrix - Global Digital Mining Market, 2021
Figure 9 Market Positioning of Key Digital Mining Market Players, 2021
Figure 10 Global Digital Mining Market - Tier Analysis - Percentage of Revenues by Tier Level, 2021 Versus 2030
Figure 11 Global Digital Mining Market, By Type, 2021 Vs 2030, %
Figure 12 Global Digital Mining Market, By Offerings, 2021 Vs 2030, %
Figure 13 U.S. Digital Mining Market (US$ Million), 2020 - 2030
Figure 14 Canada Digital Mining Market (US$ Million), 2020 - 2030
Figure 15 Rest of North America Digital Mining Market (US$ Million), 2020 - 2030
Figure 16 UK Digital Mining Market (US$ Million), 2020 - 2030
Figure 17 Germany Digital Mining Market (US$ Million), 2020 - 2030
Figure 18 Spain Digital Mining Market (US$ Million), 2020 - 2030
Figure 19 Italy Digital Mining Market (US$ Million), 2020 - 2030
Figure 20 France Digital Mining Market (US$ Million), 2020 - 2030
Figure 21 Rest of Europe Digital Mining Market (US$ Million), 2020 - 2030
Figure 22 China Digital Mining Market (US$ Million), 2020 - 2030
Figure 23 Japan Digital Mining Market (US$ Million), 2020 - 2030
Figure 24 India Digital Mining Market (US$ Million), 2020 - 2030
Figure 25 Australia Digital Mining Market (US$ Million), 2020 - 2030
Figure 26 South Korea Digital Mining Market (US$ Million), 2020 - 2030
Figure 27 Rest of Asia Digital Mining Market (US$ Million), 2020 - 2030
Figure 28 Brazil Digital Mining Market (US$ Million), 2020 - 2030
Figure 29 Mexico Digital Mining Market (US$ Million), 2020 - 2030
Figure 30 Rest of Latin America Digital Mining Market (US$ Million), 2020 - 2030
Figure 31 GCC Digital Mining Market (US$ Million), 2020 - 2030
Figure 32 Africa Digital Mining Market (US$ Million), 2020 - 2030
Figure 33 Rest of Middle East and Africa Digital Mining Market (US$ Million), 2020 - 2030
List of Tables
Table 1 Global Digital Mining Market By Type, 2020-2030, USD (Million)
Table 2 Global Digital Mining Market By Offerings, 2020-2030, USD (Million)
Table 3 North America Digital Mining Market By Type, 2020-2030, USD (Million)
Table 4 North America Digital Mining Market By Offerings, 2020-2030, USD (Million)
Table 5 U.S. Digital Mining Market By Type, 2020-2030, USD (Million)
Table 6 U.S. Digital Mining Market By Offerings, 2020-2030, USD (Million)
Table 7 Canada Digital Mining Market By Type, 2020-2030, USD (Million)
Table 8 Canada Digital Mining Market By Offerings, 2020-2030, USD (Million)
Table 9 Rest of North America Digital Mining Market By Type, 2020-2030, USD (Million)
Table 10 Rest of North America Digital Mining Market By Offerings, 2020-2030, USD (Million)
Table 11 UK and European Union Digital Mining Market By Type, 2020-2030, USD (Million)
Table 12 UK and European Union Digital Mining Market By Offerings, 2020-2030, USD (Million)
Table 13 UK Digital Mining Market By Type, 2020-2030, USD (Million)
Table 14 UK Digital Mining Market By Offerings, 2020-2030, USD (Million)
Table 15 Germany Digital Mining Market By Type, 2020-2030, USD (Million)
Table 16 Germany Digital Mining Market By Offerings, 2020-2030, USD (Million)
Table 17 Spain Digital Mining Market By Type, 2020-2030, USD (Million)
Table 18 Spain Digital Mining Market By Offerings, 2020-2030, USD (Million)
Table 19 Italy Digital Mining Market By Type, 2020-2030, USD (Million)
Table 20 Italy Digital Mining Market By Offerings, 2020-2030, USD (Million)
Table 21 France Digital Mining Market By Type, 2020-2030, USD (Million)
Table 22 France Digital Mining Market By Offerings, 2020-2030, USD (Million)
Table 23 Rest of Europe Digital Mining Market By Type, 2020-2030, USD (Million)
Table 24 Rest of Europe Digital Mining Market By Offerings, 2020-2030, USD (Million)
Table 25 Asia Digital Mining Market By Type, 2020-2030, USD (Million)
Table 26 Asia Digital Mining Market By Offerings, 2020-2030, USD (Million)
Table 27 China Digital Mining Market By Type, 2020-2030, USD (Million)
Table 28 China Digital Mining Market By Offerings, 2020-2030, USD (Million)
Table 29 Japan Digital Mining Market By Type, 2020-2030, USD (Million)
Table 30 Japan Digital Mining Market By Offerings, 2020-2030, USD (Million)
Table 31 India Digital Mining Market By Type, 2020-2030, USD (Million)
Table 32 India Digital Mining Market By Offerings, 2020-2030, USD (Million)
Table 33 Australia Digital Mining Market By Type, 2020-2030, USD (Million)
Table 34 Australia Digital Mining Market By Offerings, 2020-2030, USD (Million)
Table 35 South Korea Digital Mining Market By Type, 2020-2030, USD (Million)
Table 36 South Korea Digital Mining Market By Offerings, 2020-2030, USD (Million)
Table 37 Latin America Digital Mining Market By Type, 2020-2030, USD (Million)
Table 38 Latin America Digital Mining Market By Offerings, 2020-2030, USD (Million)
Table 39 Brazil Digital Mining Market By Type, 2020-2030, USD (Million)
Table 40 Brazil Digital Mining Market By Offerings, 2020-2030, USD (Million)
Table 41 Mexico Digital Mining Market By Type, 2020-2030, USD (Million)
Table 42 Mexico Digital Mining Market By Offerings, 2020-2030, USD (Million)
Table 43 Rest of Latin America Digital Mining Market By Type, 2020-2030, USD (Million)
Table 44 Rest of Latin America Digital Mining Market By Offerings, 2020-2030, USD (Million)
Table 45 Middle East and Africa Digital Mining Market By Type, 2020-2030, USD (Million)
Table 46 Middle East and Africa Digital Mining Market By Offerings, 2020-2030, USD (Million)
Table 47 GCC Digital Mining Market By Type, 2020-2030, USD (Million)
Table 48 GCC Digital Mining Market By Offerings, 2020-2030, USD (Million)
Table 49 Africa Digital Mining Market By Type, 2020-2030, USD (Million)
Table 50 Africa Digital Mining Market By Offerings, 2020-2030, USD (Million)
Table 51 Rest of Middle East and Africa Digital Mining Market By Type, 2020-2030, USD (Million)
Table 52 Rest of Middle East and Africa Digital Mining Market By Offerings, 2020-2030, USD (Million)
Companies Mentioned
- Caterpillar Inc.
- SAP SE
- ABB Ltd.
- Wipro Ltd.
- Hatch Ltd
- Hexagon AB
- Rockwell Automation Inc.
- Sandvik AB
- Cisco Systems Inc.
- IBM Corporation
- Siemens AG
- Itelligence AG
- Huawei Technologies Co.
- Wenco International Mining Systems Ltd.
- Komatsu Ltd.
- OutotecOyj
- Copco
- Atlas Joy Global Inc.
- Alcatel-Lucen.
