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Technology Financing to Stimulate IT Spending, Finds IDC

  • 17 February, 2009 11:20

<p>Sydney, Australia, 17 February 2009. The current economic climate will drive adoption of technology leasing and financing as businesses are looking at reducing CAPEX in favour of more flexible solutions such as leasing, according to a new report from IDC.</p>
<p>IDC's research shows the overall technology leasing and financing market is estimated at almost A$2 billion in 2008 or 7.2% of the overall IT spending. This share is expected to grow to 9.6% by 2011.</p>
<p>"Technology leasing and financing is set to grow faster than the overall IT market in 2009 and this trend is expected to continue in the coming years. This presents an opportunity for technology vendors and partners to stimulate technology spending by providing leasing and financing solutions to their clients," said Jean-Marc Annonier, IDC's Research Manager for IT Spending.</p>
<p>The IDC study titled Technology Leasing and Financing in Australia: Can Vendors Stimulate Spending in the Economic Recession? also finds that:</p>
<p>· The availability of leasing and financing affects the choice of suppliers. Especially in large organisations, decision makers often choose to use leasing or financing as a selection criteria of their IT investment plan.</p>
<p>· Businesses expect more than leasing and financing. They are looking for long-term partners that can provide complete management of leased assets and meet internal and external financial reporting requirements.</p>
<p>· Leasing and financing will increasingly concern software and services. Typical leases have traditionally been on hardware, but software and services revenues are growing faster than hardware, so there will be a stronger focus on financing solutions for software and services.</p>
<p>For further information on the findings contained in this report or to request an analyst briefing on this topic, please contact Sally Taylor-Phillips, Marketing Communications Manager at IDC on +61 2 9925 2234 or e-mail staylorphillips@idc.com.</p>
<p>About IDC</p>
<p>IDC is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. IDC helps IT professionals, business executives, and the investment community make fact-based decisions on technology purchases and business strategy. More than 1000 IDC analysts provide global, regional, and local expertise on technology and industry opportunities and trends covering over 110 countries worldwide. For more than 44 years, IDC has provided strategic insights to help our clients achieve their key business objectives. IDC is a subsidiary of IDG, the world's leading technology media, research, and events company. You can learn more about IDC by visiting www.idc.com or www.idc.com.au.</p>

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