Stakeholders Adopting Digital Technologies to Gain Competitive Edge in Construction Market

Transparency Market Research | February 04, 2020

Trends within the global construction market have evolved at a rapid pace over the past few decades. Progress in technology, significant improvements in construction techniques, and use of superior grades of raw materials are some of the factors that have boosted the construction market in the past few years. While economic factors remain pivotal in the growth of the construction sector across the world, the rapidly growing global population is expected to create a substantial demand for heavy & civil engineering as well as general construction worldwide. According to a publication released by the World Economic Forum, the global urban population is increasing by around 200,000 per day. Furthermore, the publication also stated that the global urban population is expected to grow past the 6 billion mark by 2045, which in turn is expected to put significant pressure on the construction market.

In the report, TMR predicts that the construction market would be largely driven by factors, such as rise in population and investments in infrastructure. Increase in demand for multifunctional characteristics of construction products, use of artificial intelligence, and a streamlined supply chain are expected to drive the construction market during the forecast period.

According to the construction market report, the type segment includes heavy & civil engineering (bridges, roads, railways, airports, and others (sewage, under bridges, etc.), general construction (residential, commercial, industrial), and others (specialty trades, maintenance, etc.) Based on type, the heavy and civil engineering segment accounts for major share. The development of transport infrastructure in various countries contributes maximum to this segment. Maximum investment is for building roads, bridges, and rail lines. The segment is projected to expand at a significant rate in the near future.

Request PDF Sample For More Information@ 
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=75107


In terms of general construction, the residential segment accounts for maximum share of the market. It is estimated to maintain its dominant position during the forecast period. Various housing policies, low interest on loans, and increasing population are key factors responsible for the expansion of the residential segment. Urbanization, modernization, and rise in population are factors leading to infrastructure investments, which is boosting the global construction market.

Construction companies are expanding their business to new geographies. The construction market is strongly dependent on the economy and spending power of consumers. Various construction companies have adopted a lean approach to increase efficiency and maintain stability. These factors are estimated to drive the construction market during the forecast period. Shortage of skilled labor, rise in raw material cost, changing political conditions, growing environmental concerns, and lack of investment are restrains of the construction market.

Spotlight

The age of big data is causing an explosion of new IT deployments, as well as changing the geographical distribution and types of locations where these systems are deployed. This new generation of business requirements is creating new challenges for the IT organization.


Other News
HYPER-CONVERGED INFRASTRUCTURE, APPLICATION INFRASTRUCTURE

Web3 Decentralized Storage Company W3 Storage Lab Changes Name to Fog Works

Fog Works | September 23, 2022

W3 Storage Lab announced today it has changed its name to Fog Works. The new name better reflects the company’s positioning, has greater brand-building potential, and is more indicative of the company’s vision of being a key builder of Web3 infrastructure, applications, and devices. The name Fog Works is derived from the term fog computing which was coined by Cisco. Fog computing is an extension of cloud computing: a network architecture where computing and storage is mostly decentralized and pushed to the edge of the network, but a cloud still exists in the center. Web3 is a fully decentralized, blockchain-enabled iteration of the internet. By being entirely decentralized, Web3 is essentially the ultimate fog computing architecture with no cloud in the center. “Our goal is to make Web3 a reality for everyday consumers. “Because we’re making Web3 work for everyone, the name Fog Works really encapsulates our vision. We’re excited to build a brand around it.” Xinglu Lin, CEO of Fog Works Fog Works has co-developed a next generation distributed storage ecosystem that is based on the public blockchain, CYFS, and the Datamall Coin. CYFS is a next-generation protocol that re-invents basic Web protocols – TCP/IP, DNS, and HTTP – to create the infrastructure necessary for the complete decentralization of Web3. It has been in development for over seven years, practically eliminates latency in file retrieval – a huge problem with current decentralized storage solutions – and has infinite scalability. Fog Works is developing a series of killer applications for both consumers and enterprises that will use both CYFS and the Datamall Coin, which facilitates a more efficient market for decentralized storage. To further the development of decentralized applications (dApps) on CYFS, Fog Works is co-sponsoring the CodeDAO Web3 Hackathon. CodeDAO is the world’s first fully decentralized code hosting platform in the world. During the hackathon, developers will compete for prizes by developing dApps using CYFS. Teams will have seven days to develop their projects. The CodeDAO Hackathon runs October 15, 2022, to October 21, 2022. For more information, please visit https://codedao.ai/hackathon.html. About Fog Works Fog Works, formerly known as W3 Storage Lab, is a Web3 decentralized application company headquartered in Sunnyvale, CA with operations around the world. Its mission is to leverage the power of Web3 to help people manage, protect, and control their own data. Fog Works is led by an executive team with a highly unique blend of P2P networking experience, blockchain expertise, and entrepreneurship. It is funded by Draper Dragon Fund, OKX Blockdream Ventures, Lingfeng Capital, and other investors.

Read More

HYPER-CONVERGED INFRASTRUCTURE,APPLICATION INFRASTRUCTURE,DATA STORAGE

AWS Launches Second Infrastructure Region in India

Amazon Web Services | November 28, 2022

Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company , today announced the launch of its second AWS infrastructure Region in India—the AWS Asia Pacific (Hyderabad) Region. Starting today, developers, startups, entrepreneurs, and enterprises, as well as government, education, and nonprofit organizations, will have greater choice for running their applications and serving end users from data centers located in India. Customers will have access to advanced AWS technologies to drive innovation including data analytics, security, machine learning, and artificial intelligence (AI). “The launch of the AWS Asia Pacific (Hyderabad) Region supports India’s digital transformation and is part of our long-term investment in the country since opening our first office in 2011. Customers and partners in India will now have additional regional infrastructure to deploy applications with greater resilience, availability, and even lower latency,” said Prasad Kalyanaraman, vice president of Infrastructure Services at AWS. “We are proud to invest in the future of the Indian technology community and workforce, and we are committed to helping organizations across industries increase agility and drive innovation.” “As a part of Prime Minister Narendra Modi’s $1 trillion digital economy vision, the ‘India cloud’ is set for big expansion and innovation. Data centers are an important element of the digital ecosystem. AWS’s investment in expanding their data centers in India is a welcome development that would help catalyze India’s digital economy,” said Shri Rajeev Chandrashekhar, union minister of state for Electronics and Information Technology and for Skill Development and Entrepreneurship. “The Government of India’s upcoming National Cloud and Data Center Policy envisions a significant increase in India’s cloud computing capacity from the current 565 MW to over 2565 MW in the near future. We look forward to greener and more sustainable data centers to power India’s expanding economy.” “We welcome AWS’s commitment to invest approximately INR 36,300 crores in the AWS Region in Hyderabad, which strengthens Telangana’s position as a progressive data center hub in India,” said Shri K. T. Rama Rao, minister for Information Technology (IT), Industries and Commerce, Municipal Administration, and Urban Development at the Government of Telangana. “We recognize the power of cloud computing, which is why we have collaborated with AWS to improve e-governance, healthcare, and municipal operations to benefit the citizens of Telangana. We are pleased that the new AWS Region in Hyderabad will spur more innovation and growth for many enterprises, startups, and public sector organizations in India.” With the launch of the AWS Asia Pacific (Hyderabad) Region, AWS now has 96 Availability Zones across 30 geographic regions, with announced plans to launch 15 more Availability Zones and five more AWS Regions in Australia, Canada, Israel, New Zealand, and Thailand. AWS Regions are composed of Availability Zones that place infrastructure in separate and distinct geographic locations. The AWS Asia Pacific (Hyderabad) Region consists of three Availability Zones and joins the existing AWS Asia Pacific (Mumbai) Region, which opened in June 2016. Availability Zones are located far enough from each other to support customers’ business continuity, and near enough to provide low latency for high availability applications that use multiple Availability Zones. Each Availability Zone has independent power, cooling, and physical security and is connected through redundant, ultra-low latency networks. AWS customers focused on high availability can design their applications to run in multiple Availability Zones to achieve even greater fault tolerance. The launch of the AWS Asia Pacific (Hyderabad) Region will enable local customers with data residency preferences to store data securely in India, while providing customers with even lower latency across the country. AWS is planning to invest an estimated $4.4 billion (approx. INR 36,300 crores) in India by 2030 through the new AWS Asia Pacific (Hyderabad) Region, which includes capital expenditures on the construction of data centers, operational expenses related to ongoing utilities and facility costs, and purchases of goods and services from regional businesses. The investment is also estimated to support an average of more than 48,000 full-time jobs annually at external businesses during this time. These jobs will be part of the AWS supply chain in India, including construction, facility maintenance, engineering, telecommunications, and jobs within the country’s broader economy. The construction and operation of the AWS Asia Pacific (Hyderabad) Region is also estimated to add approximately $7.6 billion (approx. INR 63,600 crores) to India’s gross domestic product by 2030. Customers welcome the AWS Asia Pacific (Hyderabad) Region Hundreds of thousands of customers in India join millions of active customers using AWS in more than 190 countries around the world. Enterprises in India that choose AWS to speed time to market and innovate include Angel One Limited, Ashok Leyland, Axis Bank, Bajaj Capital, Broadridge, Dr. Reddy’s Laboratories, Edelweiss, HDFC Bank, HDFC Life, RBL Bank, Tata Elxsi, and Titan. Indian public sector customers use AWS to lower costs, become more agile, innovate faster, and better serve the citizens of the region. These customers include 21K School, Centre for Development of Advanced Computing (C-DAC), Common Service Centers, CropIn, Digital India Corporation (MeitY), EnglishHelper, Government of Telangana, Maharashtra State Electricity Distribution Company Limited, NITI Aayog, PhysicsWallah, Prasar Bharati News Services, TraceX, University of Delhi, upGrad, and Whrrl. Indian startups, including Acko General Insurance, Chingari, epiFi, Fibe, INDMoney, Jupiter, Lendingkart, and Loco, are building their businesses on AWS to scale rapidly and expand around the world. Acko is considered India's first built-for-the-cloud general insurance company. "Since our inception in 2016, we have run our entire platform on AWS, which enables us to scale quickly to serve more than 50 million customers seeking seamless insurance experiences,” said Vishwanath Ramarao, chief technology and product officer at Acko. “We are obsessed with making insurance effortless. The launch of the new AWS Asia Pacific (Hyderabad) Region will enable us to run our applications across multiple highly available data centers in India to provide a seamless experience for customers while supporting our growth ambitions.” Axis Bank, currently India’s third-largest private sector bank, offers an entire spectrum of financial services to customer segments covering large and mid-size corporations, small and medium enterprises, agriculture, and retail businesses. “With AWS as our primary cloud provider, we have successfully migrated more than 70 applications to the cloud, including digital offerings such as virtual debit card and credit card engagement platforms. We plan to migrate 70% of our on-premises workloads to the cloud in the next two years,” said Avinash Raghavendra, president and chief information officer at Axis Bank. “We welcome the launch of the second AWS Region in India, which will enable us to further expand the availability of our banking applications to customers, while ensuring that their data remains onshore.” PhysicsWallah is an educational platform in India that provides affordable and comprehensive curricula to middle and high school students, and for national degree entrance exams. “We have collaborated with AWS since 2020 and use services such as Amazon CloudFront, AWS Elemental, and Amazon Redshift to seamlessly and securely deliver our live video classes to more than 6 million students across India,” said Prateek Maheshwari, co-founder at PhysicsWallah. “As user engagement across our app, website, and YouTube channel continues to grow across the country, a second AWS Region in India will enable us to continue to scale and provide even lower latency for students accessing our platform.” Tata Elxsi is a world-leading provider of design and technology services across several industries, including the automotive, broadcast, and healthcare sectors. Part of the Tata Group, Tata Elxsi has over 12,000 designers, engineers, and technologists working in more than 36 offices worldwide. "At Tata Elxsi, we support our customers in reimagining their products and services by applying design thinking and using innovative technologies. Previously, our on-premises infrastructure curtailed our capabilities to deliver high-performing differentiated consumer experiences and services continuously. We embarked on our digitization journey with AWS and migrated several business-critical processes to the cloud, including our own industry-specific software products, platforms, and R&D projects,” said Nitin Pai, chief strategy officer and chief marketing officer at Tata Elxsi. “AWS's robust cloud infrastructure and affordable services enable us to launch new and innovative solutions, scale based on our clients’ needs, and enable compliance across different jurisdictions. The launch of the second AWS Region in India offers a welcome boost for us to foster greater business resilience.” India-based AWS Partners also welcome the AWS Asia Pacific (Hyderabad) Region The AWS Partner Network (APN) includes tens of thousands of independent software vendors (ISVs) and systems integrators (SIs) around the world. AWS Partners build innovative solutions and services on AWS, and the APN helps by providing business, technical, marketing, and go-to-market support to customers. AWS SIs, consulting partners, and ISVs help enterprise and public sector customers migrate to AWS, deploy mission-critical applications, and provide a full range of monitoring, automation, and management services for customers' cloud environments. Examples of India-based AWS Partners include Biz2credit, BlazeClan, BluePi, Capillary, Cloud Kinetics, Darwinbox, Dataevolve Solutions, Deloitte, Gupshup, Hostin, Infosys, Manthan, Minfy Technologies, Powerupcloud, Progressive Infotech, Redington, Tata Consultancy Services, Trigyn Technologies, Umbrella Infocare, and Wipro. For the full list of AWS Partners, visit aws.amazon.com/partners. Built-in-the-cloud systems integrator Minfy is an AWS Premier Tier Services Partner headquartered in India with offices in Southeast Asia, United States, and Australia. Since 2016, Minfy has helped more than 320 commercial and public sector customers innovate and digitally transform in the cloud. “Minfy works with many companies, state governments, and large public sector organizations in India, including National Skill Development Corporation, Dalmia Bharat, Exidelife, BookMyShow, MapmyIndia, and Tata Trusts, that build and run their service offerings at scale,” said Vikram Manchanda, CEO at Minfy. “As many of our customers manage highly confidential citizen data, we need to meet strict data security and governance requirements when we migrate their workloads to the cloud. The AWS Asia Pacific (Hyderabad) Region will help us confidently meet these requirements while we deliver highly reliable and available solutions that help customers improve the quality of their service delivery for citizens with our deep tech capabilities in healthcare, life sciences, financial services, energy, and sustainability.” Commitment to sustainability As part of The Climate Pledge, Amazon is committed to reaching net-zero carbon across its business by 2040 and is on a path to powering its operations with 100% renewable energy by 2025, five years ahead of the original 2030 target. Amazon is the world’s largest corporate purchaser of renewable energy, and as of the end of 2021, reached 85% renewable energy across its business. In September, Amazon announced its first utility-scale renewable energy projects in India—420 megawatts (MW) of combined capacity across three solar farms located in the state of Rajasthan. Once fully operational, these solar projects will have the combined capacity to generate 1,076,000 megawatt hours of renewable energy per year, enough to power more than 360,000 average-sized households in New Delhi annually (based on the average energy consumption per Indian household of 250 kilowatt hours from Statista). Amazon now has 57 renewable energy projects across Asia Pacific. About Amazon Web Services For over 15 years, Amazon Web Services has been the world’s most comprehensive and broadly adopted cloud offering. AWS has been continually expanding its services to support virtually any cloud workload, and it now has more than 200 fully featured services for compute, storage, databases, networking, analytics, machine learning and artificial intelligence (AI), Internet of Things (IoT), mobile, security, hybrid, virtual and augmented reality (VR and AR), media, and application development, deployment, and management from 96 Availability Zones within 30 geographic regions, with announced plans for 15 more Availability Zones and five more AWS Regions in Australia, Canada, Israel, New Zealand, and Thailand. Millions of customers—including the fastest-growing startups, largest enterprises, and leading government agencies—trust AWS to power their infrastructure, become more agile, and lower costs. To learn more about AWS, visit aws.amazon.com. About Amazon Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Amazon strives to be Earth’s Most Customer-Centric Company, Earth’s Best Employer, and Earth’s Safest Place to Work. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Career Choice, Fire tablets, Fire TV, Amazon Echo, Alexa, Just Walk Out technology, Amazon Studios, and The Climate Pledge are some of the things pioneered by Amazon.

Read More

HYPER-CONVERGED INFRASTRUCTURE,APPLICATION INFRASTRUCTURE

BAI Communications closes acquisition of ZenFi Networks, further accelerating growth in the US market

BAI Communications | November 17, 2022

BAI Communications (BAI) today announced the close of its acquisition of ZenFi Networks (ZenFi), a US East coast-based provider of digital infrastructure solutions and innovator in small cell deployment, offload & roaming services, fibre connectivity, and network edge colocation. ZenFi now becomes a BAI Group company, alongside Mobilitie and Transit Wireless in the United States, helping to further accelerate BAI's growth in North America and support the company's vision to become a leading provider of connected 5G infrastructure across North America and globally. As part of the acquisition, BAI obtains ZenFi's portfolio of assets, including over 1,100 route miles of fibre network throughout the New York and New Jersey metro region. This fibre network connects into major data centres and points of presence in 65 network edge colocation facilities, a critical component of its C-RAN infrastructure. Furthermore, ZenFi brings with it a host of long-established customer relationships, including contracts with the wireless carrier customers in the region and the rights to provide mobile infrastructure solutions across 4,000 LinkNYC kiosk structures through its partnership with the CityBridge consortium. The deal will allow the Group to participate in Link5G, the next phase of LinkNYC, a first-of-its-kind communications network that has replaced payphones across New York City with state-of-the-art kiosks equipped with free high-speed Wi-Fi, maps, connections to city services, and device charging at no cost to taxpayers or users. In addition to the standard LinkNYC features, Link5G will bring a faster and more equitable deployment of 5G to neighbourhoods across New York City, with a focus on previously underserved areas. Link5G can accommodate all carrier equipment needs and provide the necessary infrastructure to expand broadband connectivity to areas of the city that have traditionally been underserved by carriers. The new kiosks include 5 independent RF transparent bays to host multiple carriers deploying a variety of 4G and 5G technologies. These unique deployments combined with BAI's commercial power in transit systems, will result in a differentiated offering in the New York area including wider small cell deployment, siting to mobile network operators, the support of municipal services with advanced connectivity, and the largest public Wi-Fi network, all transferable to other states in the US and to other markets. Igor Leprince, Group CEO of BAI Communications, said: "I am very impressed with ZenFi's talented team and commercial capabilities. Bringing ZenFi into the wider BAI Communications Group solidifies our position as a leading connected infrastructure provider in North America and increases the opportunities for new and specialised projects driven by our Group of companies. ZenFi's unique expertise in fibre and small cell deployments in New York City and surrounding areas further strengthens BAI's competitive position in the largest city in the US, while also providing us with new ways to partner with other organisations to address the digital divide in the underserved communities. This includes the deployment of 5G through the Link5G kiosks, essential to ensure all New Yorkers have access to the networks of the future." Closing of this acquisition means BAI's technical and service offerings to network operators, enterprises, and public municipalities will significantly expand to include more specialised and scalable solutions, like small cell siting. ZenFi's infrastructure is a natural extension of the connectivity solutions that Transit Wireless currently provides across the New York City subway. It will also be leveraged by Mobilitie for small cell connectivity of existing and new locations, as well as expanding its inbuilding 5G networks across North America. Ray LaChance, Co-Founder and CEO of ZenFi Networks said: "These are exciting times at ZenFi. Our team's hard work in developing sustainable, equitable, and innovative infrastructure solutions for a densely populated region like New York City and New Jersey has been a rewarding experience that will now scale up." "We share a cultural and operational alignment with BAI that will ensure our customer-centric approach remains a priority into the future. Additionally, our combined expertise in fast-growth segments like small cell deployment with BAI's global scale and reach, puts the BAI Group in an exciting position to drive increased connected infrastructure growth overall and new development opportunities for our people." Victoria Lamberth, Co-Founder and CRO of ZenFi Networks Commenting on next steps, Mr Leprince added: "Our immediate priority now is on combining the capabilities and talent of our companies to assist our customers in delivering an enhanced experience at all points of their customers' journey, from subway to above ground and from work to home." News of the agreement between the two companies was first announced on 26 July of this year. About BAI Communications BAI Communications is a world leader in shared communications infrastructure, pioneering solutions that empower our customers to advance their services, accelerate their networks and amplify their reach in the most efficient and cost-effective ways possible. Having long been at the forefront of network advancement, BAI is harnessing fibre, spearheading the transition from 4G/LTE, accelerating 5G and preparing for 6G – and beyond. We collaborate closely with our customers in telecommunications, government, transit, enterprise, broadcasting, and venues to realise their communications vision, focusing not just on the immediate future, but on the possibilities that exist over long-term partnerships. Our global operations span the United States, the United Kingdom, Ireland, Italy, Hong Kong, Canada, and Australia. Our BAI Group companies include Mobilitie, Signal Point, Transit Wireless and ZenFi Networks in the United States, and Vilicom in the United Kingdom and Ireland. Together, we're creating smarter communities for all.

Read More

HYPER-CONVERGED INFRASTRUCTURE,APPLICATION INFRASTRUCTURE,STORAGE MANAGEMENT

STACK Infrastructure Breaks Ground on 100MW Data Center Campus in Northern Virginia

STACK Infrastructure | November 30, 2022

STACK Infrastructure, the digital infrastructure partner to the world’s most innovative companies and leading global developer and operator of data centers, announced the groundbreaking of STACK’s latest hyperscale campus in the center of Prince William County, one of the most desirable locations in Northern Virginia. Delivery of the first building on the campus is targeted for Q1 2024. The latest among STACK’s portfolio of seven data center campuses in Northern Virginia, the 40-acre site will add nearly 100MW of committed and scalable power from Northern Virginia Electric Cooperative (NOVEC). Construction will begin with a 36MW facility, with plans to grow the campus to multiple data centers supported by a 300MW substation. The scalable campus offers a prime opportunity for clients interested in securing capacity within this critical land and power-constrained market. “Expanding our presence in the heart of Prince William County represents a strategic approach of continuing to deliver scalable capacity where it matters most. “Powered with 100% renewable energy, STACK’s new campus offers a sustainable solution and allows our clients the ability to grow quickly in the world’s largest data center market.” Matthew VanderZanden, Chief Operating Officer of STACK Americas STACK’s presence in Northern Virginia has markedly increased with continued growth announcements over the last four years. STACK has nearly 1GW of current and under-development capacity in one of the most constrained data center markets on the globe. Plans for this latest development were announced in April, on the heels of a 216MW Ashburn campus announcement shared earlier in 2022. Over the past three months, STACK has announced growth in the top data center markets across the globe, including a 230MW five-building campus in central Phoenix, an 80MW hyperscale campus in Frankfurt, Germany, a 48MW facility in Seoul, Korea, and multiple data centers in Australia. STACK’s presence within 23 markets distributed throughout the Americas, EMEA, and APAC regions makes it one of the largest private data center operators worldwide. ABOUT STACK INFRASTRUCTURE STACK provides digital infrastructure to scale the world’s most innovative companies. With a client-first approach, STACK delivers a comprehensive suite of campus, build-to-suit, colocation, and powered shell solutions in the Americas, EMEA and APAC regions. With robust existing and flexible expansion capacity in the leading availability zones, STACK offers the scale and geographic reach that rapidly growing hyperscale and enterprise companies need. The world runs on data. And data runs on STACK.

Read More

Spotlight

The age of big data is causing an explosion of new IT deployments, as well as changing the geographical distribution and types of locations where these systems are deployed. This new generation of business requirements is creating new challenges for the IT organization.

Resources