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July 1, 2020

Inmarsat says 15% mining firms have reliable IoT connectivity access

A research sxtudy by mobile satellite communications firm Inmarsat has found that only 15% mining organisations have access to reliable Internet of Things (IoT) connectivity.

A research study by mobile satellite communications firm Inmarsat has found that only 15% mining organisations have access to reliable Internet of Things (IoT) connectivity.

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Determine the future strategies for IoT in Mining

IoT can be beneficial across the whole mining value chain, from prospecting to reclamation. The technology allows different assets and people to be monitored and accounted for across vast distances in hazardous conditions.  GlobalData’s IoT in Mining Thematic Research report provides you with an in-depth lens into the impact of IoT on the industry. We highlight both the challenges and opportunities associated with the innovative technology now, and in the future. Our report also covers: 
  • Major players and companies 
  • Market size and growth forecasts 
  • Case studies  
  • Sector scorecard 
GlobalData predicts that the revenue from IoT in mining will grow to reach $1.9 billion by 2025, with a compound annual growth rate (CAGR) of 6.2% between 2020 and 2025. Ensure your company is proactive in adapting strategies and processes to help you remain competitive.   Download the full report to get ahead of the competition
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According to Inmarsat’s ‘The Rise of IoT in Mining’ report, organisations across the mining industry are finding it hard to take full advantage of IoT-enabled applications due to lack of reliable connectivity.

Out of the total 130 respondents that have fully deployed IoT-enabled projects at their mine sites, 78% of them reported they were able to access connectivity.

Meanwhile, 24% of the total respondents were able to access ‘reliable connectivity’.

Inmarsat mining director Joe Carr said: “Inmarsat’s highly reliable L-band BGAN connectivity is helping organisations across all stages of their IoT journey to get the reliable connectivity needed, to ensure they can generate, analyse and action the necessary data and improve the way they operate.

“Although our research has indicated that the global mining sector is undergoing an upswing in IoT adoption, reliable network connectivity is still clearly a sticking point that Inmarsat can help alleviate.

“To gain value from IoT-enabled projects, the right data must be where it needs to be at the right time, otherwise insights and return on investment cannot be delivered.”

In October last year, Inmarsat joined the Global Mining Guidelines Group (GMG) to further strengthen its commitment to the mining industry.

In May, Inmarsat signed a MoU with the government of the Brazilian state of Minas Gerais to pursue the use of IoT-based solutions to monitor the effectiveness of mine tailings dams.

Related Companies

Free Report
img

Determine the future strategies for IoT in Mining

IoT can be beneficial across the whole mining value chain, from prospecting to reclamation. The technology allows different assets and people to be monitored and accounted for across vast distances in hazardous conditions.  GlobalData’s IoT in Mining Thematic Research report provides you with an in-depth lens into the impact of IoT on the industry. We highlight both the challenges and opportunities associated with the innovative technology now, and in the future. Our report also covers: 
  • Major players and companies 
  • Market size and growth forecasts 
  • Case studies  
  • Sector scorecard 
GlobalData predicts that the revenue from IoT in mining will grow to reach $1.9 billion by 2025, with a compound annual growth rate (CAGR) of 6.2% between 2020 and 2025. Ensure your company is proactive in adapting strategies and processes to help you remain competitive.   Download the full report to get ahead of the competition
by GlobalData
Enter your details here to receive your free Report.

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