Global Smart Mining Market - Growth, Trends, and Forecast (2019 - 2024)
The Internet of Things (IoT) has a considerable impact on transforming multiple industries by forging real-time connections between machinery, environmental conditions, people, and business processes. Implementing comprehensive IoT solutions can be challenging, however, and it is even more complicated when the operation takes place underground. Mining is a resource critical industry, where the ability to remotely monitor personnel and control equipment can have a significant impact. In this case, the usual constituents for IoT connectivity run into a massive number of problems. The radio signals that carry cellular, Wi-Fi, RFID, and other wireless data are not sufficient to penetrate rock and soil. Numerous mining operations have begun to partner with technology companies to invent creative solutions for deploying wireless networks underground. Along the way, they’re keeping better track of employees and equipment, increasing safety, improving maintenance, and boosting efficiencies. From an application on a mobile device, supervisors at mine sites can receive the alerts via email, SMS, or in-app notifications. This helps the supervisors to react to critical problems that are occurring in real- time and help in the maximization of productivity.
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
5. MARKET SEGMENTATION
6. KEY VENDOR PROFILES
7. INVESTMENT ANALYSIS 8. FUTURE OF THE MARKET