What does the IT equipment financing market look like these days? That was one of the things the Equipment Leasing Finance Association set out to learn in its annual Survey of Equipment Finance Activity in late 2015.
The ELFA is a trade group that represents companies in the trillion-dollar equipment finance sector. Each year, they track how spending changes in various sectors, such as agriculture, medical and IT.
One of the things this year’ survey found: IT and related tech financing accounts for one of the largest pieces of new business volume: a little over 19 percent, second only to transportation, which accounted for 28 percent of new business volume.
Of that 19 percent:
- Software made up 5.3 percent of equipment financing new business volume.
- PCs and workstations followed at 4.5 percent.
- Other IT equipment made up 3.1 percent of the volume, followed by computer mainframes and servers (3 percent) computer networking equipment (2.1 percent) IT storage equipment (1.4 percent) and POS, banking systems and ATMs (0.1 percent).
The ELFA report also reported on industry perceptions and forecasts for different types of equipment:
- The computer industry still operates on low margins, but has a very large secondary market. This makes volume important.
- The rapid increase in smartphone/tablet sales led computer sales to decrease by 10 percent in 2013, but computer sales made a comeback in 2014 and rose by 4 percent.
- Spending on cloud infrastructure will grow at a compounded rate of 15.6 percent through 2019.
If you’re interested in replacing your IT equipment, CWI can help.
We’ve spent more than 20 years building a reputation as a reseller of quality refurbished computer hardware, sourcing directly from the corporate world. Everything we take in is thoroughly tested, repaired and certified, allowing you to buy with confidence.
And if it’s time to sell your equipment, CWI’s IT asset recovery and remarketing solutions can let you recover the cost of your devices while keeping your information secure. No matter how the IT equipment market changes, we’ll continue to grow and change with it.