About IT Leasing And Financing
IT plays a very significant role in many aspects of life. In business IT helps in managing the inventory, streamlining checkouts and controls many other functions effectively and efficiently. IT pieces of equipment are pretty expensive and buying new devices and then updating them from time to time is not feasible for small businesses. This is the place wherein IT leasing and financing proves to be helpful. Companies can lease the expensive types of equipment and cope up with their day-to-day operations more proficiently. With the help of IT Leasing & Financing, the companies can look up to improve the communication with customers, suppliers, employees, preserve records and further enhance the sales. IT leasing furthermore helps the businesses in using the latest innovations that too at economical prices. The only thing that is needed to be done is to fix monthly payments during the period of the lease agreement. Startups and small businesses often opt for Leasing and financing are usually opted by small companies and startups for getting the latest IT types of equipment for operating their business effectively and without investing in high capital.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global IT Leasing And Financing market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cisco Capital (United States), Dell Financial Services (United States), Federated Payments (Canada), Fujitsu Finance (Japan), Bajaj Finance (India), Kennet Equipment Leasing (United Kingdom), Global Financial & Leasing Services, LLC (United States), Microsoft Financing(United States) and Avid Technology (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Delta Leasing & Finance Limited (India) and Madison Capital (United States).
Segmentation Overview
AMA Research has segmented the market of Global IT Leasing And Financing market by Type (Software, Hardware and Services), Application (Maintaining Cash Flow, Risk Reduction, Ease of Upgrading and Others) and Region.
On the basis of geography, the market of IT Leasing And Financing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-User, the sub-segment i.e. Banks will boost the IT Leasing And Financing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Trend of Flexibility in Customization of Any Equipment So As To Predict the Cash Flow and Budget Accurately and Increasing Urbanization and Growing Infrastructure in Developing Countries
Market Growth Drivers:
Increasing Competition in the Market and Growing Demand of IT Companies for Getting Complete Solutions and Services
Challenges:
Lack of Service Disruptions or Data Safety and Security
Restraints:
Lack of Technical Expertise
Opportunities:
Increasing Governmental Regulations for Developing IT Infrastructure and Growing Technical Advancements
Market Leaders and their expansionary development strategies
Dell has acquired portions of CIT Vendor Finance’s Dell-related assets and sales and servicing functions in Europe. DFS now delivers direct financing solutions in Europe in the U.K., Ireland, Germany, Austria, Switzerland, Belgium, the Netherlands and Luxembourg.
In November 2023, The new TrueFlex Finance line aims to provide complete flexibility to organizations of all sizes and industries, allowing customers to customize their equipment financing and acquisition strategies to suit their specific needs.
According Financial Leasing Entity Regulations SOR/2001-389, Canada every financial lease agreement or conditional sales agreement entered into by a financial leasing entity must include a provision assigning to the lessee or purchaser or setting out the responsibilities of the financial leasing entity in respect of, the benefit of all warranties, guarantees or other undertakings made by a manufacturer or supplier in respect of the personal property that is the subject of the agreement. The sum of the estimated residual values of all leased properties held by a financial leasing entity that are referred to in subparagraph 7(2)(c)(ii) must not at any time be more than 10% of the sum of the costs of acquisition of those leased properties by the financial leasing entity.
Key Target Audience
Leasing and Financing Companies, IT Industries, Software Vendors, Technology Vendors, Regulatory Bodies and Governmental Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.