This meteoric growth, which outpaces that of global GDP, will be concentrated in three countries: China, the United States and India.
U.S. infrastructure needs alone will reach $4.5 trillion in the next 10 years, according to ASCE's infrastructure report card.
The vast majority of infrastructure construction work is done by public works agencies that award jobs to the lowest bidder – if even by a penny. In such a fiercely competitive market, only contractors who can bid competitively and work profitably will get work.
Because Ironworks enables contractors to do just that, contractors will adopt Ironworks and their success will drive Ironworks' success to such an extent that it will become evident that without Ironworks, a contractor is at a competitive disadvantage.
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Investment opportunity goes beyond the contractor. Original equipment manufacturers (OEMs) and data aggregators will also subscribe to Ironworks because of the machine data Ironworks collects, processes and stores for meta data mining.
OEMs and data miners who tap into Ironworks' metadata will be able to spot trends in the making, such as shifts in lease/rent/own preferences, or shifts from one type or make of equipment to another. They will see spikes and lulls in the making – as contractors forecast their acquisition, disposition and maintenance needs.