Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Modern mine planning software plays a crucial role in the operation of many of the world's mining operations and projects. Mine planning software provides the mining industry with a fast, accurate, cost effective and efficient tool in order to manage their business interests worldwide. Every aspect of the mining industry is today using some form of mine planning software. From exploration to rehabilitation, the use of software is becoming more and more widespread.
The commencement of cutting-edge analytical tools, along with the expansion of new sensors has assisted operators in the mining industry in minimizing maintenance costs and reducing downtime while simultaneously improving the overall output. Within the mining sector, the demand for efficient, reliable, and advanced mine planning solutions is on the rise, as market participants continue to strengthen their foothold in the current market landscape. The growing need for deep digging while simultaneously gaining economic advantage is expected to accelerate innovations within the mine planning solutions market during the forecast period.
The initiation of novel technologies, including augmented reality (AR), virtual reality (VR), and 3D modelling are likely to revolutionize the mining sector. Impressive development in spatial data visualization is expected to provide a significant boost to the adoption of cutting-edge mine planning solutions in the upcoming years. Virtual reality and augmented reality are two technologies that are anticipated to have a strong impact on mining operations– a trend that is likely to continue during the forecast period. Companies operating in the mining sector are projected to leverage new technologies such as spatial data efficiently to minimize costs and reduce the overall impact on the environment.
The Global pandemic of Coronavirus (COVID-19) has triggered stock market instability, tight border controls, and worldwide lockdown, leading the mining industry, as well as large companies and governments, to restock supply chains. The whole world is experiencing severe impact on social and financial sectors, and all North America industries are facing challenges during the COVID-19 pandemic.
Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic. The share prices of mining companies continue to decrease due to which, the growth of the mine planning solutions market could take a major hit. As the COVID-19 pandemic continues to tighten its grip worldwide, the mining sector is likely to increase the adoption of automated mine planning solutions in the near future. The projected growth in demand for automated mine planning solutions could propel the expansion of the market for mine planning solutions during the forecast period.
The report analyses the NA mine planning solutions market based on component, deployment, application and geography. By component, the market is segmented into solutions (integrated solutions and standalone solutions (designing, scheduling, drill & blast and geology)) and training & services. Based on deployment, the market is classified into on premise and cloud. By application, the market is segmented into open mining surfaces and underground mining surfaces.
North America is anticipated to hold a prominent share of the global mine planning solutions market during the forecast period 2021 to 2027, due to the presence of several global players in the region, especially in the U.S. and Canada, owing to increasing focus on innovation through research and development and advancements in IT in developed countries in the region.
The key competitors of this market include Bentley Systems, Incorporated, Dassault Systems (France), Hexagon Ab (Sweden), Infosys Limited (India), John Wood Group Plc (UK), Micromine Pty Ltd. (Australia), Minemax Pty. Ltd (Australia), Rpmglobal (Australia), Trimble Inc. (U.S) amongst others. The key vendors of mine planning solutions prefer agreements, joint ventures, contracts and partnership strategies and mergers & acquisitions to gather a larger share in the market.
The report analyses the NA mine planning solutions market based on component, deployment, application and geography. By component, the market is segmented into solutions (integrated solutions and standalone solutions (designing, scheduling, drill & blast and geology)) and training & services. Based on deployment, the market is classified into on premise and cloud. By application, the market is segmented into open mining surfaces and underground mining surfaces.
North America is anticipated to hold a prominent share of the global mine planning solutions market during the forecast period 2021 to 2027, due to the presence of several global players in the region, especially in the U.S. and Canada, owing to increasing focus on innovation through research and development and advancements in IT in developed countries in the region.
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