ICT Spend in South Africa: Mining Sector
In 2010, total spending on ICT by the global mining sector stood at $ billion, and by 2019, it is forecast to reach $billion.
Similar to the global industry, the South African mining sector has experienced a significant decrease in profitability over the past years.
The main risks identified by mining companies in South Africa in 2014 were labour relations, sustainable business plans or budgets, volatility of metal prices and exchange rates, infrastructure access and capacity, and the regulatory, political, and legal environment.
Technology and innovation are crucial to producing sustainable mining operations. Integrated mining options and new technology developments are needed to manage costs, ensure production optimisation, and drive overall efficiency within the industry.
2014 ICT spend by mining companies in South Africa was estimated at $million and is expected to grow at a CAGR of % to reach $ million by 2019.
Cloud-based services and mining-specific technologies are expected to experience the highest growth rate from 2014 to 2019 with a CAGR of% and %, respectively. Spending on IT hardware is expected to experience the biggest decline.
About this report
This research service provides an analysis of ICT spend by the mining sector in South Africa. The objective of the study is to contextualize ICT investment within the sector across 8 categories: cellular connectivity, cloud services, data centres, fixed and non-cellular connectivity, IT hardware, managed services, systems integration, and sector-specific technologies. The analysis includes an overview of the mining sector, drivers and restraints, and technology trends driving investment in ICT, highlighting both the current and future spend from 2015 to 2019. The base year for analysis is 2014.