The changing market for IT equipment leasing will be overshadowed by strong growth in financing of both IT software and services. 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.
"New systems management and virtualization software stands poised to streamline end-user processes for provisioning and de-installing IT servers, storage and network equipment – driving fundamental changes in end-of-lease portfolio dynamics," said Joseph Pucciarelli, program director for IDC's Technology Financing Strategies research team. "This change, combined with shifts in the nature of the financed collateral, and strong market pressures driving both consolidation among existing participants and new market entrants, has created an unparalleled market opportunity for both captive and independent market providers such as CIT Group, GE Capital, HP Financial Services, IBM Global Financing, Microsoft Financing and Oracle Financing Division, among others."