Connected Mining Market

Top Companies List of Connected Mining Industry - Komatsu (Japan) and Hexagon (Sweden) | MarketsandMarkets

The global connected mining market is expected worth USD 13.3 billion in 2023 and USD 22.7 billion by 2028, growing at CAGR of 11.3% during the forecast period. Technological advancements and the need for operational efficiency, safety, and sustainability are driving the connected mining market.

Major Connected Mining Companies Include

  • Hexagon (Sweden)
  • Komatsu (Japan)
  • ABB (Switzerland)
  • IBM (US)
  • SAP (Germany)
  • Cisco (US)
  • Schneider Electric (France)

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Hexagon (Sweden)

Hexagon, a global leader in the connected mining market, is driving transformative changes in the industry through its cutting-edge technologies and solutions. With a focus on operational efficiency, safety, and sustainability, Hexagon empowers mining companies to optimize their operations and maximize productivity. Their integrated solutions, including advanced sensor technologies, real-time monitoring systems, and data analytics platforms, enable mining companies to collect, analyze, and visualize crucial operational data. This empowers decision-makers to make informed choices, identify areas for improvement, and enhance overall operating performance. By leveraging its expertise and commitment to innovation, Hexagon is playing a pivotal role in shaping the future of connected mining and revolutionizing the way mining operations are conducted worldwide.

Komatsu (Japan)

Komatsu is a renowned provider of innovative solutions for the mining industry. Komatsu’s connected mining solutions focus on improving productivity, safety, and efficiency in mining operations. They offer advanced technologies such as autonomous haulage systems, remote operation centers, and data analytics platforms. These solutions enable real-time equipment performance monitoring, predictive maintenance, and optimized fleet management. By harnessing the power of connectivity and data-driven insights, Komatsu is driving the evolution of the mining industry towards increased automation, reduced downtime, and enhanced operational efficiency. Their customer-centric approach and dedication to technological advancements position Komatsu as a leading force in the connected mining market, shaping the future of mining operations globally.

ABB (Switzerland)

ABB is a global leader in industrial technology and automation, headquartered in Zurich, Switzerland. The company operates across four key business segments: Electrification, Industrial Automation, Motion, and Robotics & Discrete Automation. ABB provides innovative solutions for various industries including utilities, industry, transport, and infrastructure. Its market share is significant in the industrial automation and robotics sectors, where it competes with companies like Siemens and Schneider Electric. ABB's offerings include control products, building automation, robotics, and digital solutions, often integrated into smart cities and sustainable energy initiatives.


IBM, headquartered in Armonk, New York, is a leading global technology and consulting company. It focuses on hybrid cloud, AI, and consulting services. IBM's market share in cloud services and AI is reinforced by its acquisition of Red Hat, which bolsters its hybrid cloud strategy. Key offerings include the IBM Cloud, Watson AI, and consulting services, which help businesses manage and analyze data, automate processes, and transition to cloud environments. IBM also provides infrastructure and software solutions tailored to specific industries such as finance, healthcare, and telecommunications.

SAP (Germany)

SAP, based in Walldorf, Germany, is a market leader in enterprise application software, with significant market share in the ERP (Enterprise Resource Planning) sector. SAP's key offerings include SAP S/4HANA, a comprehensive suite for enterprise resource management, and SAP Business Technology Platform, which provides integrated data management and analytics. The company's solutions help businesses of all sizes across various industries optimize their operations, improve customer relationships, and manage business processes efficiently. SAP's market presence is strong in Europe and expanding globally.

Cisco (US)

Cisco Systems, headquartered in San Jose, California, is a global leader in networking hardware, software, and telecommunications equipment. Cisco's market share is prominent in the networking and cybersecurity sectors, with key offerings including routers, switches, cybersecurity solutions, and collaboration tools like Webex. The company is also expanding its presence in cloud services and the Internet of Things (IoT), providing solutions that enhance connectivity, security, and data management for enterprises worldwide.

Schneider Electric (France)

Schneider Electric, based in Rueil-Malmaison, France, specializes in energy management and automation solutions. The company's market share is strong in sectors like energy, industrial automation, and building management. Schneider Electric's key offerings include EcoStruxure, an IoT-enabled platform that provides digital solutions for energy management and automation. The company focuses on sustainability and efficiency, helping businesses and industries optimize energy use, enhance operational performance, and achieve sustainability goals.

Related Reports:

Connected Mining Market by Offering (Solutions (Asset Tracking and Optimization, Fleet Management) and Services (Professional, Managed)), Mining Type (Surface, Underground), Application, Deployment Mode and Region - Global Forecast to 2028

Mr. Aashish Mehra
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Connected Mining Market Size,  Share & Growth Report
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