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Rise in infrastructure development and automotive production are driving growth. Power and cement industries are also aiding growth for the sector. Demand for iron and steel is set to continue given the strong growth expectations for the residential and commercial building industry will boost growth of mine industry. Automation and Digitalisation are touted to be the most defining mining industry trends in India aimed at enhancing productivity and addressing the challenges faced by the mining industry which will further accelerate demand for mine planning solution in this region.
Technological advances have already resulted in adoption of mechanization; automation and data-driven production optimization which will further accelerate product demand in escalate industry growth. The mining sector, associated firms and technology providers are looking to develop pilot projects aligned to individual companies. Additionally, among world's top 40 mining companies, close to half of the number reside or closely tied up with the region.
The report analyses the global mine planning solutions market based on component, deployment, application and geography.
Various components studied are segmented into solutions and training & services. The solutions are further divided into integrated and standalone solutions. Standalone solutions are further divided into designing, scheduling, drill & blast, and geology. Improving productivity to overcome natural factors such as decreasing ore grades, deeper deposits, and harder rock mass, combined with an increasing environmental and social awareness, has boost the industry to constantly work to enhance their processes along the whole value chain, thus driving demand for standalone mine planning solutions.
Furthermore, deployment models studied in the market includes on premise and cloud based. The disruption of business models through the advancement of digital technology has been a reality for other industries for many years. Digital is now impacting the mining industry. Technology has advanced such that the barriers of high cost of entry, and a very physical value chain are no longer protection against large scale disruption which has led to increase in demand for on premise deployment model.
Various application considered in this study includes open mining surfaces and underground mining surfaces. The onset of cutting-edge analytical tools, along with the development of new sensors has assisted operators in the mining industry in minimizing maintenance costs and reducing downtime while simultaneously improving the overall output will further drive mine planning solutions demand in open surface mining.
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. Rapid technological developments, government support, growing digitalization, and rising disposable income among middle-income class population are the major factors helping economy to move forward from the developing to a developed phase for China. Improving production and reducing costs along with protecting the health and safety of workers, safeguarding fixed assets and environmental conservation are key challenges faced in Indian mining sector which has led to high adoption of digitalization and automation in mining sector, thus stimulating market growth.
The key competitors of this market include Bentley Systems, Incorporated, Dassault Systems, Hexagon Ab, Infosys Limited, John Wood Group Plc, Micromine Pty Ltd., Minemax Pty. Ltd, Rpmglobal, Trimble Inc., Vareli Tecnac Pvt. Ltd.
The report analyses the Asia Pacific mine planning solutions market based on component, deployment, application and geography. Various components studied are segmented into solutions and training & services. The solutions are further divided into integrated and standalone solutions. Furthermore, deployment models studied in the market includes on premise and cloud based. Various application considered in this study includes open mining surfaces and underground mining surfaces. The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. North America comprises of U.S., Canada and Mexico. Whereas, Europe covers UK, France, Germany, Italy, Spain and Rest of Europe. The key countries included under Asia Pacific are China, India, Japan, Australia and Rest of Asia Pacific. The Rest of the world includes Latin America and Middle East & Africa.
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