Worldwide IT Leasing and Financing Market to Exceed $100 Billion by 2010: IDC

Worldwide IT leasing and financing market, encompassing leasing or financing IT equipment, software, and IT-related services, exceeded $70 billion worldwide in 2006, and will pass the $100 billion mark by 2010, growing at a compound annual growth rate (CAGR) of more than 8%, according to IDC. 

Highlights:

  • In 2006, equipment leasing accounted for approximately 70% of the worldwide leasing and financing volume. 
  • By 2010, IDC predicts that this share will drop by about twenty percentage points, while software and services financing will comprise approximately 50% of the worldwide market.

Key market leaders include CIT Group, GE Capital, HP Financial Services, IBM Global Financing, Microsoft Financing and Oracle Financing Division. 

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