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.
