It’s understandable that software investment is expected to moderate in the next six months as companies continue to invest in cloud technologies making old school software less cost effective.
Boston, MA (PRWEB) July 23, 2014
With cloud storage fast replacing traditional server-based software technologies, the leasing and financing company LeaseQ announced that that despite the lack of growth in the server based software sector, they still see robust growth in computer hardware and equipment sectors.
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Vernon Tirey, Founder and CEO of LeaseQ was quoted as saying, “Although the growth of server based software has certainly softened, we continue to see strong growth in all sectors of our computer hardware leasing business. It’s understandable that software investment is expected to moderate in the next six months as companies continue to invest in cloud technologies making old school software less cost effective. ”
In addition to computer and tech, Tirey believes that there are a number of sectors that are expected to grow as economic conditions and business confidence continues to grow in the second half of the year, they include:
- Trucking: As competitive diesel prices keep trucking transport competitive and economic activity improves, investment in trucks will exhibit high single digit growth in the next half year.
- Medical: investment is expected to grow but eventually level off towards the end of the year
- Construction: equipment machinery equipment will continue to its strong growth trajectory.
- Agriculture: machinery investment will experience a slow growth as commodity prices and farm yields remain subdued throughout the rest of 2014.
- Technology: As cloud based storage continues to drive the software industry, robust demand for computer and technology equipment will not abate.
Tirey also believes that more accommodating credit markets, energy renaissance and the housing recovery will support the second half growth. Tirey continued, "Overall, replacement demand rather than expansion has continued to be the main drive behind equipment investment. We see it in our business now and see rising demand, at least in the short term."
Due to a weak first quarter 2014, it will be a mathematical challenge for the current US economy to grow beyond 2.0% in 2014. Exacerbated by that slowdown, the growth in software and equipment has ground to a virtual halt in that same period, from previously expanding at an annual rate of 8.9% to the current 1.8%.
The slowdown in software expansion should theoretically decelerate the expansion of hard assets like computers, servers and other technology items which run on software. However, the advent of the cloud-based software and storage has all but made traditional software in many industries obsolete.
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With its revolutionary OneTouch platform, LeaseQ has remained at the leading edge of technology base solutions for businesses looking to acquire the equipment they need for expanded operations and upgrades. The company first introduced its financing platform in late 2012 and since then hundreds of businesses rely on it to acquire equipment they need to run their businesses efficiently.
LeaseQ provides the perfect platform for businesses to compare instant free quotes from different financing companies without any obligations or pressure from sales representatives. Potential lessees can return to the site as many times as they want until they find an offer that suits their current financial situation. Best of all, the LeaseQ One Touch Platform is free to use.
LeaseQ is one of the leading providers of financing and leasing equipment in North America. Based in Woburn, MA, LeaseQ helps businesses acquire necessary equipment at rates and terms suited to their current needs. Give the LeaseQ One Touch Platform a try at https://www.leaseq.com/equipment-leasing