[November 21, 2016]

Digital Transformation of Global Mining Industry - Forecast to Reach $2,753.6 Billion in 2019 - Research and Markets

Research and Markets has announced the addition of the "Digital Transformation of Global Mining Industry" report to their offering.

The global metals & mining industry shrank by 2.3% in 2014 to reach a value of $2,425.7 billion. The compound annual rate of change of the industry in the period 2010-14 was -0.1%. In 2019, the global metals & mining industry is forecast to have a value of $2,753.6 billion, an increase of 13.5% since 2014. The compound annual growth rate of the industry in the period 2014-19 is predicted to be 2.6%.

The mining industry value chain is slowly changing to improve the productivity by managing existing assets efficiently but this strategy will go only so far. Despite the industry's ups and downs, the nature of mining has stayed the same for decades. Achieving a breakthrough on productivity and performance demands altering of how mining industry operates.

A number of digital technologies like internet of things (IoT), cloud, nalytics, and robotics have long been in the works and are now available and affordable enough to become operational at scale across the mining industry. Their applications include building a more comprehensive understanding of the resource base, optimizing material and equipment flow, improving anticipation of failures, increasing mechanization through automation, and monitoring performance in real time.

Companies Mentioned:

• BHP Billiton
• Glencore Plc
• Rio Tinto Inc.
• Vale S.A.
  

Key Topics Covered:

1. Top 10 Mining Industry Risks

2. Global Mining Industry Trends and Challenges

3. Global Metals and Mining Industry - An Overview

4. Global Mining Industry - Investment Landscape

5. Global Mining Industry - IT Spending 2014-2020

7. Digital Transformation Aspects of Mining Industry

8. Internet of Things (IoT) and Mining Industry

9. Cloud and Mining Industry

10. Robotics and Mining Industry

11. Smart Mining

12. 3D Imaging Technologies and Mining Industry

13. Autonomous (Driverless) Haul Trucks in Mining Industry

14. Steps Towards Digital Transformation of Mining Industry

15. Regulations - Diverse Trends across the Global Mining Industry

16. Global Mining Industry - Competitive Landscape

17. Mining Technology Supply Leaders 2015

18. Key Recommendations

For more information about this report visit http://www.researchandmarkets.com/research/nxtbtg/digital

View source version on businesswire.com: http://www.businesswire.com/news/home/20161121005479/en/

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