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IT Sector Expects Growth in Sales and Leasing as Cloud Computing and Mobile Devices Take Off
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IT Sector Expects Growth in Sales and Leasing as Cloud Computing and Mobile Devices Take Off

The IT sector appears to be in the middle of a significant platform shift toward cloud computing and mobile devices, according to industry expert, Joseph Pucciarelli.  While growth rates in core IT categories (infrastructure, storage and equipment) are flat, the good news is that the IT sector did not suffer as harsh a blow as other industries during the recession.  Now that the economy is slowly recovering, Pucciarelli expects to continue seeing modest growth in overall spending for all sectors, including IT.

The IT sector’s growth will not likely be as stunning as other industries because IT did not take a plunge the way other sectors did.  Currently, about one-third of the growth in IT spending is attributed to mobile devices.  As business environments and technologies change, server capacity is less important than storage and networking.

Leasing is often an equipment provider’s go-to-market strategy for the core categories of infrastructure, storage, and equipment.  In term of devices (PCs, tablets and smartphones), commercial financing companies don’t generally have a role, though financing smartphones and tablets is commonplace in Europe.

As we have recently discussed in other posts about expansion in the leasing market, a history of high inflation is a good indicator of a higher propensity to lease and finance equipment.

The attorneys at Glass & Goldberg provide high quality and cost-effective legal services and advice for clients in all aspects of business litigation and transactional law, including reviewing, structuring and implementing complex leases.  Call us at (818) 888-2220, email us at info@glassgoldberg.com, or visit us on the web at www.glassgoldberg.com to learn more about the firm and to sign up for future newsletters.

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