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Connected Mining Market Size Analysis by Latest Trends 2020 | Global Industry Growth Factors, CAGR Status, Leading Key Players Update, Business Share by Regions and Forecast to 2024 | Technavio

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Technavio has been monitoring the globally connected mining market, operating under the information technology industry. The latest report on the connected mining market, 2020-2024 estimates it to register an incremental growth of by USD 17.02 billion, at a CAGR of almost 21% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavios in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download Latest Free Sample Report on COVID-19 Analysis

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage on the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. ABB Ltd., Accenture Plc, Caterpillar Inc., Cisco Systems Inc., Hexagon AB, Hitachi Construction Machinery Co. Ltd., Komatsu Ltd., Rockwell Automation Inc., Telefonaktiebolaget LM Ericsson, and Trimble Inc. are among some of the major market participants.

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The increasing availability of advanced aerial imagery has been instrumental in driving the growth of the market.

Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Download a Free Sample Report on COVID-19 Impacts

Connected Mining Market 2020-2024: Segmentation

Connected Mining Market is segmented as below:

  • Geographic Landscape
    • North America
    • APAC
    • Europe
    • South America
    • MEA
  • Type
    • Surface Mining
    • Underground Mining
  • Category
    • Automated Equipment
    • Component

Based on geographic segmentation, over 35% of the markets growth originated from North America during the forecast period. In addition, the surface mining segment led the growth under the type segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the market size.

Connected Mining Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The connected mining market report covers the following areas:

  • Connected Mining Market Size
  • Connected Mining Market Trends
  • Connected Mining Market Industry Analysis

This study identifies the technological improvements in automated mining equipment as one of the prime reasons driving the Connected Mining Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavios in-depth research has direct and indirect COVID-19 impacted market research reports.

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Connected Mining Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist connected mining market growth during the next five years
  • Estimation of the connected mining market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the connected mining market
  • Analysis of the markets competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of connected mining market vendors

Table of Contents:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Type

  • Market segments
  • Comparison by Type
  • Surface mining – Market size and forecast 2019-2024
  • Underground mining – Market size and forecast 2019-2024
  • Market opportunity by Type

Market Segmentation by Category

  • Market segments
  • Comparison by Category
  • Automated equipment – Market size and forecast 2019-2024
  • Component – Market size and forecast 2019-2024
  • Market opportunity by Category

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2019-2024
  • APAC – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver – Demand led growth
  • Volume driver – Supply led growth
  • Volume driver – External factors
  • Volume driver – Demand shift in adjacent markets
  • Price driver – Inflation
  • Price driver – Shift from lower to higher priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview

Landscape disruption

  • Vendor Analysis
  • Vendors covered
  • Market positioning of vendors
  • ABB Ltd.
  • Accenture Plc
  • Caterpillar Inc.
  • Cisco Systems Inc.
  • Hexagon AB
  • Hitachi Construction Machinery Co. Ltd.
  • Komatsu Ltd.
  • Rockwell Automation Inc.
  • Telefonaktiebolaget LM Ericsson
  • Trimble Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: [email protected]

Website: www.technavio.com/

News

HKEX Welcomes First Hong Kong/Mainland ETF Cross-Listing

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  • First listings of ETFs in Hong Kong and Shenzhen under a new ETF Cross-listing Scheme
  • Signing of MOU between HKEX and SZSE to promote the Scheme
  • Hong Kong-listed ETF AUM grew to over HK$300 billion, as at 30 September 2020

HONG KONG, Oct. 23, 2020 /PRNewswire/ — Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to welcome today (Friday) the first listings of Exchange Traded Funds (ETFs) in Hong Kong and Shenzhen under the Hong Kong-Mainland ETF Cross-listing Scheme, which facilitates cross-listing of ETFs between markets in Hong Kong and Mainland China.

HKEX Chief Executive Charles Li said: "The ETFs listed today, two each at HKEX and the Shenzhen Stock Exchange (SZSE) under the ETF Cross-listing Scheme, mark the exciting next chapter in cross-border ETFs. The Scheme facilitates access to new but established pools of liquidity and offers broader investment opportunities in both markets."

"This development is the result of our ongoing commitment to make Hong Kong Asia’s leading ETF marketplace, and represents an important step forward in our continued work with the onshore Chinese exchanges, and our regulators, to deliver a successful ETF Connect."

The two new ETFs listed today in Hong Kong – CSOP Yinhua CSI 5G Communications Theme ETF (Stock code: 3193) and Hang Seng Harvest CSI 300 Index ETF (Stock code: 3130 / 83130), have been approved by the Securities and Futures Commission. Through the Renminbi Qualified Foreign Institutional Investor (RQFII) status, each invests 90 per cent or more of its total net asset value in an ETF approved by the China Securities Regulatory Commission and currently listed on the SZSE.

HKEX and SZSE today also signed a memorandum of understanding (MOU) to promote the ETF Cross-listing Scheme and celebrate the well-established financial connections of the two markets.

Mr Li said: "Capital markets in Hong Kong and the Mainland have remained robust and resilient through recent challenging times, and today we are celebrating our shared strengths. The signing of the MOU is an important step forward in building valuable financial connections within the Greater Bay Area."

Since the first ETF listed on HKEX in 1999, Hong Kong’s Exchange Traded Products (ETPs) market, which include ETFs and Leveraged and Inverse Products, has developed into one of the most diverse product markets in Asia. With over 130 ETFs listed on HKEX, Hong Kong-listed ETFs trade over HK$6.7 billion a day[1] (up from an average daily turnover of HK$4.5 billion in 2018), with assets under management standing at over HK$300 billion as at 30 September 2020.

Further information about Hong Kong-listed ETPs is available in HKEX’s website.

Note:

[1] For the first nine months in 2020.

About HKEX

Hong Kong Exchanges and Clearing Limited (HKEX) is one of the world’s major exchange groups, and operates a range of equity, commodity, fixed income and currency markets.  HKEX is the world’s leading IPO market and as Hong Kong’s only securities and derivatives exchange and sole operator of its clearing houses, it is uniquely placed to offer regional and international investors access to Asia’s most vibrant markets.

HKEX is also the global leader in metals trading, through its wholly owned subsidiaries, The London Metal Exchange (LME) and LME Clear Limited.  This commodity franchise was further enhanced with the launch of Qianhai Mercantile Exchange (QME), in China, in 2018.

HKEX launched the pioneering Shanghai-Hong Kong Stock Connect programme in 2014, further expanded with the launch of Shenzhen Connect in 2016, and the launch of Bond Connect in 2017.

www.hkexgroup.com

For enquiries, please contact HKEX’s Corporate Communications
Jeffrey Ng (+852-2840 2067 / [email protected])
Wong Sau Ching (+852-2840 3856 / [email protected])

Related Links :

http://www.hkexgroup.com

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News

Transamerica Life Bermuda Solidifies its Capabilities with Key Senior Appointments

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HONG KONG, Oct. 23, 2020 /PRNewswire/ — Transamerica Life (Bermuda) Ltd. (TLB) announced today that after nearly five years of successful leadership, Marc Lieberman, TLB’s CEO & President, will retire at the end of the year. 

Under his stewardship, Mr. Lieberman has strengthened the company’s brand and today TLB is recognised as a leading provider of High Net Worth (HNW) life insurance solutions to customers in Asia and beyond – winning industry awards every year for the last four years.  He also spearheaded the strategic direction and diversification of TLB’s product suite, from the successful launch of TLB’s innovative Wealthassure product to the significant enhancements of its flagship product, Universal Life Alpha.  His foresight and determination has driven TLB’s digitalisation, operations, and services improvement, which has resulted in more capability building for the company.

TLB also announced that the company’s top leadership role will be separated into two jointly accountable and strategically aligned positions.  Pending regulatory approval, Chirag Rathod, TLB’s current Chief Financial Officer, will take on the role of CEO, and Hazel Etherington, TLB’s current Chief Operations Officer, will assume the role of President effective 1 January 2021. Together they will form the Executive Committee of TLB, which will be chaired by the CEO.

The CEO leadership transition represents a significant milestone for TLB as it continues to pursue its aspirations to become the leading Asia-based HNW life insurance provider. Mr. Lieberman will remain to support the CEO transition until 31 December 2020. 

Aegon, headquartered in The Hague, the Netherlands and parent of TLB, commented through Damiaan Jacobovits de Szeged, Chief Operating Officer, Aegon International, "We would like to pay special thanks to Marc for his exceptional leadership and many contributions towards growing TLB’s business over the years.  We wish him all the best in his plans for retirement."

"We are delighted to appoint Chirag and Hazel to take over the top leadership positions at the company. Together we believe they are ideally positioned to steer TLB through the challenging market conditions and lead TLB into its next phase of long-term growth.  Both are seasoned, skilled executives and together they bring nearly 50 years of industry experience to the table.  They are well respected within the company and among industry peers.  We are confident they will be successful in driving and creating long-term customer and shareholder value," he added.

TLB is a leading life insurance company dedicated to serving HNW and Ultra High Net Worth (UHNW) individuals. As the only pure HNW life insurance provider in Hong Kong, TLB has extensive experience in handling large sums assured and complex cases to support legacy and business planning for its customers. 

About Transamerica Life (Bermuda) Ltd.: Transamerica Life (Bermuda) Ltd. (TLB) is a leading High Net Worth life insurance provider, dedicated to offering life protection to High Net Worth individuals, families and businesses across Asia and beyond. Transamerica has been in Asia for over 80 years and has been the pioneer in managing universal life portfolios since 1981. TLB was awarded International Life Insurer of the Year Award (Hong Kong) at the Asian Banking & Finance Insurance Asia Awards 2019. TLB is part of the Aegon Group, a leading, international financial services group providing life insurance, pensions and asset management based in The Hague, Netherlands. Further information about TLB is available here: www.transamericalifebermuda.com

About Aegon: Aegon’s roots go back 175 years – to the first half of the nineteenth century. Since then, Aegon has grown into an international company, with businesses in more than 20 countries in the Americas, Europe and Asia. Today, Aegon is one of the world’s leading financial services organisations, providing life insurance, pensions and asset management. Aegon’s purpose is to help people achieve a lifetime of financial security. Further information about Aegon is available here: www.aegon.com.

Related Links :

http://www.transamericalifebermuda.com

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Genesprint Group and Infrawear Release Rapid COVID-19 Antigen (AG) Throat and Mouth Swab Test on EU Market

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Genesprint Group Ltd, a Hong Kong based testing company founded by Paul Tam, Dr. Sherman Fung, Dr. Chi C. Wong, and Infrawear, LLC, the distributor for Genesprint Groups COVID-19 tests, are now releasing a COVID-19 Rapid Antigen (AG) throat and mouth swab test on the European market. The test will be distributed by Infrawear to labs and pharmacies in the United Kingdom, France, Italy, Germany and elsewhere in the EU. It was also just announced that Genesprint and Infrawear just made it to the semi-finals for the $5 Million XPRIZE Rapid COVID Testing competition. The test has been CE marked to the IVD Directive (98/79/EC).

Genesprint Group Ltd has been developing research and manufacturing diagnostic kits for various infectious diseases for more than three years. The virology team has 50 years of combined rapid test development experience. It has been working on COVID-19 tests since the virus first appeared.

Genesprint developed a rapid COVID-19 Antigen (AG) throat and mouth test kit that solves a great many of the key challenges and demands for rapid COVID-19 testing by delivering on the following:

  • Mouth + throat swab “ unique swab for use in mouth and throat does not require invasive and painful nasal swab procedure
  • Eight (8) minute results
  • 99.99 percent specificity
  • No lab required “ does not require laboratory processing thereby eliminating cost, complication, and delay
  • Lateral assay for near-instant results “ test cassette included with swab for mass testing and streamlined processing

The test offers convenience, speedy delivery of results and comes with a unit price of 8-13 Euro. MOQ is 500 units. Genesprint Group is able to produce 10 million test kits per week. A proprietary patented nucleic acid swab is part of what makes the test so effective.

The test presented in this press release is not available for sale within the United States. It is available in other geographies where it has been approved for sale, among which is now the European Union.

These are extraordinary times and they call for the entire medical community to mobilize and help deploy all resources we have available to help our communities face the COVID-19 outbreak. It has been our mission to help distribute reliable and affordable diagnostics tests so it made complete sense for us to partner up with Genesprint and enter the XPRIZE Rapid COVID Testing competition. We are proud that we have already made it to the semi-finals, and we are excited to roll out tests throughout the European Union, says Rachael McCrary, President at Infrawear.

XPRIZE Rapid COVID Testing

Societys most vulnerable populations have been heavily affected by COVID-19 with tests being inaccessible, too expensive or too slow. Communities have been forced to shut down and economies have received a heavy blow. Launched on July 28, 2020, XPRIZE RAPID COVID Testing is a $5 million, 6-month competition that aims to increase COVID-19 testing capabilities dramatically so people can return safely to everyday activities as soon as possible.

A total of 219 teams, among them the Infrawear – Genesprint Group team, have moved on to the semi-finals after being assigned a pass by XPRIZE judges. Semi-finalist teams will be sent a blinded Proficiency Test Kit and be required to accurately identify which samples contain COVID-19. Teams will have one week to submit their results to the XPRIZE Data Collaborative, where their results will be scored on specificity, sensitivity, and limits of detection.

A $1-million prize will be awarded to each of the top five teams that develop frequent, fast, cheap and easy COVID-19 screening solutions.

About Infrawear, LLC

Infrawear, LLC is the go-to resource for medical professionals, hospitals and first responders for critical PPE and COVID-19 testing and antibody kits. We have a passion for innovation and an established track record for getting things done quickly and efficiently. As a registered Class 2 medical device importer, the company leverages its deep operational supply chain experience to source and import critical PPE and supplies such as N95 masks, gowns and testing swabs. As the worldwide distributor and partner for Genesprint Group Ltd we provide access to their sought after rapid COVID-19 tests, including its proprietary PCR Swab Test for COVID-19. Infrawears brand, RxBra, is a medically effective bra sold to plastic surgeons. Our company is recommended by the American Hospital Association and is well-known for providing ease of access to high-demand supplies, putting them in the hands of those in need for todays ever and rapidly-evolving medical demands. Infrawear LLC is a US-based company headquartered in Los Angeles, with offices in New York and Ohio. Learn more by visiting: Infrawear.com.

About Genesprint Group Ltd

Genesprint Group Ltd is a Hong Kong based testing company founded by Paul Tam, Dr. Sherman Fung, Dr. Chi C. Wong. They have been developing research and manufacturing for on-site antibody diagnostic kits for various infectious diseases for more than three years. Recently, the company launched rapid tests for COVID-19, which can deliver results within minutes and provide mass screening to the general population.

For any questions on the test, please contact Rachael McCrary ([email protected] / –1 (646) 621-6780)

For any other questions, please contact Jo Detavernier ([email protected] / –1 (210) 803-2097)

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