Monday, October 25, 2021
HomeIndustry NewsWhy buy used network equipment?

Why buy used network equipment?

Recent trends in the network equipment market

The market for network equipment represents a significant area of IT development and growth, and used products are no exception. From 2020 to 2026, the Global Networking Equipment market is expected to have a 7.85% compound annual growth rate (CAGR), moving from an industry valued at 9.83 billion USD to one valued at around 15.48 billion. The increased demand for wireless infrastructure from the global pandemic is one major factor, but the rise of the growing Asia-Pacific market, increased threats to cyber security, and the need to modernize networks all play a significant role. 

What to consider when you buy used network equipment

Buying used network equipment is a simple way to stay ahead of the curve as prices rise and demand soars. Some things to keep in mind when you consider the refurbished market include:

  1. The nationwide Internet infrastructure is improving. Higher speed access to the Internet will be available over the coming years from both local improvement projects and the 2021 Infrastructure Bill. This government initiative earmarks $550 billion in federal funds for improving America’s infrastructure, with a $65 billion investment in improving broadband access. It also aims to increase price transparency from internet providers and provide low-cost options to boost competition in underserved areas, bridging the digital divide
  1. Speed increases are imminent. Networking speeds will likely go from 15-100MB per second to 1 Gigabit speeds, and possibly more.  Current company, hospitals, and government networks built for lower speed internet access will become the choke point with the increased demand to use the faster speed. Upgrades will become more and more necessary for businesses hoping to remain competitive as well as accessible. 
  1. Upgrading, especially investing in all-new equipment, can be pricey. Corporate, medical and government agencies, hamstrung with debt for many reasons, may not have large budgets to spend on the much-needed network improvements. Reliable second hand equipment is a simple way to bridge the gap. 
  1. Investing in all-new equipment is now an environmental and ethical concern. Refurbished gear sidesteps the looming question of e-waste, a major question for both businesses and their consumers. Two-thirds of North Americans surveyed said that they prefer brands they see as eco-conscious. While IT has a great capacity to streamline data processing and lessen waste, creating, shipping, and installing all-new equipment regularly is now a major environmental problem. 
  1. For the past year, many industries have been undergoing rapid and unexpected change due to COVID19. IT, as a sector with a complex and often international supply chain, has not been immune to shortages and disruptions. Purchasing new equipment to replace aged or outdated network equipment can be prohibitive in a time of chip shortage and upheaval due to the global pandemic. 

Investing in used network equipment 

A great alternative that addresses the issue of network upgrades for much lower costs would be to supplement your network equipment purchases with quality used or “seller refurbished” network equipment.

New equipment offers five key points:  

  1. Clean, defaulted equipment  
  2. A working router, switch, firewall or other piece of network equipment
  3. A box with the OEM logo
  4. Support from the manufacturer for a fixed period-of-time
  5. Firmware upgrades for a limited period-of-time

On the other hand, seller refurbished equipment offers nearly the same set of options, at a much lower price point:

  1. Clean, defaulted equipment 
  2. A working router, switch, firewall or other piece of network equipment 
  3. A box with the OEM logo, 
  4. Support from the manufacturer for a fixed period-of-time, 

If you are concerned about firmware, there are many options available for how and when you make the switch to refurbished products. For instance, many businesses will purchase new equipment for critical parts of the network, or those where timely upgrades are especially desirable, such as data protection and security. Put the seller-refurbished equipment in less critical areas, those where updates are less regular, or where IT tends to remain stable for longer. 

Used network equipment and your business

Used network equipment, when purchased from reputable retailers, is a lower-cost, high-reward solution to an increasing issue in IT. As access speeds increase, internet infrastructure modernizes, environmental concerns loom, supply chains are disrupted, and demand for upgraded equipment rises, used network equipment is the simple and elegant solution to a complex and multifaceted problem.

Belle Shea
Belle Shea is a Brooklyn-based writer and editor with experience writing about technology, travel, music, and the arts. A graduate of Vassar College, her work can be found on Ladders, Ultrahuman, and more.

What do you think?

This site uses Akismet to reduce spam. Learn how your comment data is processed.

You might also like

Stay Connected

Must Read

Related News