Connected Mining Market

By Mining Type;

Surface and Underground

By Component;

Solution and Services

By Deployment;

On-Premise and Cloud

By Enterprise Size;

Large Enterprises and SMEs

By Application;

Exploration, Processing & Refining, and Transportation

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn574932428 Published Date: June, 2025 Updated Date: August, 2025

Connected Mining Market Overview

Connected Mining Market (USD Million)

Connected Mining Market was valued at USD 16,072.33 million in the year 2024. The size of this market is expected to increase to USD 38,758.78 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 13.4%.


Connected Mining Market

*Market size in USD million

CAGR 13.4 %


Study Period2025 - 2031
Base Year2024
CAGR (%)13.4 %
Market Size (2024)USD 16,072.33 Million
Market Size (2031)USD 38,758.78 Million
Market ConcentrationLow
Report Pages399
16,072.33
2024
38,758.78
2031

Major Players

  • Rockwell Automation Inc.
  • Accenture, Hexagon
  • Cisco Systems Inc.
  • IBM Corporation
  • Schneider Electric
  • Siemens AG
  • Trimble Inc.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Connected Mining Market

Fragmented - Highly competitive market without dominant players


The Connected Mining Market is advancing rapidly due to the increasing reliance on digital automation. Mining companies are adopting smart machinery and remote monitoring systems to improve safety and output. Over 50% of industrial-scale operations are now utilizing these connected solutions to reduce manual intervention and enhance productivity.

IoT and Data Analytics are Driving Precision
The adoption of IoT sensors, predictive analytics, and AI-driven insights is enabling mining operations to operate with greater accuracy. This technology shift is helping firms monitor assets in real time and make informed decisions. Nearly 45% of active operations have transitioned to data-powered systems for predictive maintenance and process optimization.

Connectivity Fuels Remote Mining Efficiency
Reliable connectivity is at the core of modern mining infrastructure. With technologies like LTE-based networks and satellite systems, remote sites can maintain continuous data streams. Over 40% of isolated mining operations depend on these advanced networks for command, control, and remote troubleshooting.

Digital Shifts Fuel Market Expansion
The drive toward digital innovation is shaping the future of the connected mining landscape. As organizations aim to modernize their operations, over 55% are investing in integrated platforms and next-gen technologies. This transition is setting the stage for broader adoption and continuous growth across the sector.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Mining Type
    2. Market Snapshot, By Component
    3. Market Snapshot, By Deployment
    4. Market Snapshot, By Enterprise Size
    5. Market Snapshot, By Application
    6. Market Snapshot, By Region
  4. Connected Mining Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising demand for real-time operational insights

        2. Adoption of IoT and automation technologies

        3. Enhanced worker safety through smart monitoring

        4. Increased productivity via predictive maintenance

      2. Restraints
        1. High capital investment for digital transformation

        2. Limited connectivity in remote mining locations

        3. Data privacy and cybersecurity vulnerability concerns

        4. Lack of skilled workforce for tech integration

      3. Opportunities
        1. AI-based analytics for mining optimization

        2. Expansion of autonomous vehicle mining solutions

        3. Growth in cloud-based mining management platforms

        4. Sustainability goals driving digital mining initiatives

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Connected Mining Market, By Mining Type, 2021 - 2031 (USD Million)
      1. Surface

      2. Underground

    2. Connected Mining Market, By Component, 2021 - 2031 (USD Million)

      1. Solution

      2. Services

    3. Connected Mining Market, By Deployment, 2021 - 2031 (USD Million)

      1. On-Premise

      2. Cloud

    4. Connected Mining Market, By Enterprise Size, 2021 - 2031 (USD Million)

      1. Large Enterprises

      2. SMEs

    5. Connected Mining Market, By Application, 2021 - 2031 (USD Million)
      1. Exploration

      2. Processing & Refining

      3. Transportation

    6. Connected Mining Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Rockwell Automation Inc.
      2. Accenture, Hexagon
      3. Cisco Systems Inc.
      4. IBM Corporation
      5. Schneider Electric
      6. Siemens AG
      7. Trimble Inc.
  7. Analyst Views
  8. Future Outlook of the Market