Digital Mining Market, By Application (Exploration, Processing & Refining, and Transportation), By Technology (Automation and Control Systems, Data Analytics and AI, IoT and Connectivity Solutions, and others), and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America) and More
The Global Digital Mining Market size was estimated at USD 14.7 billion in 2023 and is projected to reach USD 700.2 billion in 2030 at a CAGR of 12.8% during the forecast period to 2030.
Get Free Sample Report: https://www.delvens.com/get-free-sample/digital-mining-market
The global digital mining market is experiencing rapid growth as the industry increasingly adopts digital technologies to improve efficiency, safety, and sustainability. This shift is primarily driven by the rising demand for metals and minerals, the necessity for cost optimization, and a commitment to reducing environmental impact.
Digital mining encompasses a diverse array of technologies, including autonomous vehicles, remote monitoring and control systems, artificial intelligence (AI) for predictive maintenance, and advanced data analytics.
These innovations enable real-time monitoring of equipment and processes, enhancing operational productivity and worker safety. Additionally, the integration of blockchain and Internet of Things (IoT) solutions within mining supply chains is improving transparency and traceability, which are critical for responsible sourcing and sustainability.
The market is also propelled by regulatory policies aimed at minimizing ecological footprints, as well as the mining sector's overall growth. For instance, in February 2024, Canada announced initiatives to accelerate the development of critical mineral mines, aiming to shorten the permitting process by nearly a decade to bolster energy security. This move underscores the industry's push toward adopting efficient and sustainable practices.
North America to Dominate the Digital Mining Market
North America commands the largest share of the global digital mining market, primarily due to the presence of leading mining companies and a strong focus on technological advancements. Key players in the region, particularly in the United States and Canada, are increasingly adopting digital mining solutions, emphasizing automation, data analytics, and IoT applications to enhance operational efficiency and productivity. The favorable regulatory frameworks further bolster this growth, encouraging investments in innovative technologies.
Recent Developments
In January 2023, Bitmain, a leading manufacturer of bitcoin mining hardware, acquired Kryptos Logic, a developer of artificial intelligence (AI) mining software. This acquisition is seen as a move by Bitmain to strengthen its position in the AI mining market.
In February 2023, Argo Blockchain, a UK-based bitcoin mining company, acquired a 100% stake in Bitfarms, a Canadian bitcoin mining company. This acquisition is seen as a way for Argo Blockchain to expand its mining operations and increase its bitcoin production capacity.
Competitive Landscape
· Bitmain Technologies Ltd
· Canaan Creative Co. Ltd
· Ebang International Holdings Inc
· Bitfury Group Limited
· Riot Blockchain Inc
· Marathon Digital Holdings Inc
· Hut 8 Mining Corp
· HIVE Blockchain Technologies Ltd
· Northern Bitcoin AG
· GMO Internet Group
· Argo Blockchain PLC and More
Access Full Report: https://www.delvens.com/report/digital-mining-market
In addition to the market data for the Global Digital Mining Market, Delvens offers client-centric reports customized according to the company’s specific demand and requirements.
More Related Reports:
Aircraft Wire and Cable Market
About Us:
Delvens is a strategic advisory and consulting company headquartered in New Delhi, India. The company holds expertise in providing syndicated research reports, customized research reports and consulting services. Delvens qualitative and quantitative data is highly utilized by each level from niche to major markets, serving more than 1K prominent companies by assuring to provide the information on country, regional and global business environment. We have a database for more than 45 industries in more than 115+ major countries globally.
Delvens database assists the clients by providing in-depth information in crucial business decisions. Delvens offers significant facts and figures across various industries namely Healthcare, IT & Telecom, Chemicals & Materials, Semiconductor & Electronics, Energy, Pharmaceutical, Consumer Goods & Services, Food & Beverages. Our company provides an exhaustive and comprehensive understanding of the business environment.
Contact us:
UNIT NO. 2126, TOWER B,
21ST FLOOR ALPHATHUM
SECTOR 90 NOIDA 201305, IN
+44-20-3290-6466
+1 214-377-1144
