A study recently released by the Equipment Leasing and FInancing Association of America with the Alta Group estimates the IT equiment financing market has grown to $40 billion per year. That's billion with a 'b'. You can read the press release about the study here.
The equipment leasing industry growth rate has exploded in recent years as companies look for more accurate cost forecasting and need greater flexibility. According to the Equipment Leasing and Financing Association of America's study, the IT equipment leasing industry has grown by 67 percent in just the past three years. In fact, IT equipment leases are one of the fastest growing sectors of the equipment leasing market. Over the past four years, the ELFA estimates the IT equipment financing counts for 22 percent of all equipment leases compared with 12 percent in 2002.
If you're considering an IT equipment lease or copier lease, please consider talking to the Graphic Savings Group.
What's more, IT equipment financing as a percent of total U.S. equipment financing activity nearly doubled from approximately 12 percent in 2002 to 22 percent last year, according to the new ELFA-Alta Group study.