The global mining automation market is predicted to grow at a compound annual growth rate (CAGR) of 7.3% from 2023 to 2030. This growth is primarily driven by advancements in technologies such as Artificial Intelligence (AI) and robotics, which are increasingly being used in mining operations to improve production efficiency. The rise of the Internet of Things (IoT) within the mining industry has also enhanced operational efficiency. In 2021, International Business Machines Corp. (IBM) announced its acquisition of myInvenio, an Italian startup specializing in process mining software, part of its strategy to integrate myInVENio’s process and task mining technology into its IBM Cloud for Robotization platform. Asia Pacific was the dominant region in the industry in 2022, accounting for over 39.75% of the total revenue share. North America is expected to be another key region for growth due to potential in the US and Canada. The increasing demand for metal mining is contributing significantly to regional expansion.
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