Market Research Report
Global Mining Industry Software Market 2016-2020
|Published by||NOVONOUS||Product code||358339|
|Published||Content info||130 Pages
Delivery time: 1-2 business days
|Global Mining Industry Software Market 2016-2020|
|Published: May 11, 2016||Content info: 130 Pages||
Global Mining Industry Software Market to Grow at a CAGR rate of 17.87% till 2020.
The mining industry has faced arduous task in recent years in terms of optimizing current sites and exploring opportunities in new projects. Mining software solutions have come into play for miners to enable them to optimize mine operations. Software solutions are specifically design to plan, design, and survey both underground and surface mines. Currently industry is dominated by few players like RPM, Geovia and Maptek etc. The major sources of revenue for these companies are proprietary licensed software which is charged to customers on recurring basis. As per RPM, their new products which have been released over the last 24 months laid the foundation for the Company's impressive 63% increase in software license sales in 2015.
NOVONOUS expects Software innovation will bring the next wave of productivity improvements which will integrate major system providers to the mining industry. Report finds that Global Mining Industry Software is expected to grow at CAGR 17.87% till 2020".
Most of the mining companies have not yet ventured many geographical regions and opportunities in emerging markets like Africa and South America are plenty. NOVONOUS estimates that Mining Software Industry in APAC region will grow at CAGR 24.25% till 2020. The next big market in terms of growth is North America, which is expected to grow at CAGR 15.56%. South America Market expects to grow at CAGR 10.30%.
Middle East and African Mining Software Market expect to register a CAGR 10.2%; followed by Europe which is estimated to grow at CAGR 9%. Promising future is ahead for existing companies provided they diversify and customize their solutions according to the requirements of Big and Junior miners worldwide. NOVONOUS also finds that junior miners will keep on focusing on preservation of cash and assets and invest mainly in ERP solutions rather than investing on exploration software.
The economic slowdown and low commodity pricing has affected the industry, as some companies are still trying to gain foothold. The reports presents profile of 10 major companies, mining associations across geographic regions. Analysis tools like SWOT, Pestle and Porter five forces have been also used to provide better insight about this market.
Spanning over 130 pages and 107 exhibits, "Global Mining Software Market 2016-2020" report presents an in-depth assessment of the Global Mining Software Market from 2016 till 2020. The report has detailed company profiles including their position in Mining Software Market Value Chain, financial performance analysis, product and service wise business strategy, SWOT analysis and key customer details for 10 key players in Global Mining Software Market namely; UXC Eclipse, Datamine Softwares, RungePincockMinarco (RPM), ABB, Aconex Limited, Honeywell Process Solutions (HPS), GEOVIA (Dassault Systems), MAPTEK, Triple Point Technology and GEOSOFT.