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.
Ambarish Kumar Verma, Managing Director of NOVONOUS Business Consulting
Private Limited said “Software innovation will bring the next wave of
productivity improvements which will integrate major system providers to the
mining industry. He also said that the 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 20.35%. South
America Market expects to grow at CAGR 14.50%.
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.
Scope of Global Mining Software Market 2015 – 2020 Report:
- This report provides detailed information
about Global mining industry software market including future market forecasts.
- This report identifies the need for
focusing on mining industry software sector.
- This report provides detailed information
on growth forecasts for overall Global mining industry software market up to
2020.
- This report provides detailed information
on type wise (underground mines, open pit mines, hard rock deposits mines, coal
and other stratified deposits mines, industrial minerals mines) growth
forecasts for global mining industry software market up to 2020.
- This report provides detailed information
on mining phase wise (exploration and evaluation, designing and development,
production, mining ERP (financial modeling, asset management etc.), training
and simulation) growth forecasts for global mining industry software market up
to 2020.
- This report provides detailed information
on geography wise (Asia pacific, Africa& middle east, Europe, south America
and north America) growth forecasts for global mining industry software market
up to 2020.
- The report identifies the growth drivers
and inhibitors for global mining industry software market.
- This study also identifies various policies
related to global mining industry software market.
- The report identifies various credit,
policy and technical risks associated with global mining industry software
market.
- This report has detailed profiles 22 key
players in Global mining industry software market covering their business
strategy, financial performance, future forecasts and SWOT analysis.
- This report covers in details the
competitive landscape in Global mining industry software market.
- This report identifies key industry bodies
and associations and their role in Global mining industry software market.
- This report provides PESTLE (political,
economic, social, technological, legal and environmental) analysis for Global
mining industry software market.
- This report provides Porter's Five Forces
analysis for Global mining industry software market.
- This report provides SWOT (strengths,
weakness, opportunities and threats) analysis for Global mining industry
software market.
- This report identifies the key challenges
faced by new players in Global mining industry software market.
- This report provides future trends and
opportunities for Global mining industry software market.
- This report also provides strategic
recommendations for policy makers, end users, service providers and investors.
For more information
and purchase this report please visit:
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research reports by NOVONOUS visit:
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About
NOVONOUS
NOVONOUS
helps organizations differentiate themselves, break entry barriers, track
investments, develop strategies and see through corporate fog by providing
business intelligence that works for their business. For more information about
NOVONOUS visit: http://www.novonous.com
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