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Cloud PBX Market | Latest Developments and Forecast to 2030

Cloud PBX market is estimated to reach a revenue of US$ 68.3 Bn by the end of 2030, rising adoption of cloud PBX solutions in IT companies and service sectors in order to enhance their productivity is expected to drive the market<br>

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Cloud PBX Market | Latest Developments and Forecast to 2030

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  1. Cloud PBX Industry Forecast, Competitive Analysis, and Growth Opportunity January 12, 2022 According to Transparency Market Research’s latest research report on the • global cloud PBX market for the historical period 2018–2019 and the forecast period 2020–2030, the market is anticipated to reach the value of US$ 68.3 Bn by 2030, expanding at a CAGR of ~14% during the forecast period. Increasing adoption of unified communications (UC) solutions among end users will boost the demand for cloud PBX. Most organizations are expected to increase cost-cutting measures, thus, preferring remote location work environments, resulting in high demand for cloud PBX. IT expenditure for cloud services is expected to rise in the long-term, as • telecommuting is expected to account for a large share of business activity. Hence, demand for cloud PBX is expected to increase during the forecast period, as cloud PBX services manage telecommunication systems of an entire office remotely using Voice over Internet Protocol (VoIP) technology. North America is anticipated to emerge as the leading cloud PBX market, followed • by Asia Pacific and Europe Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

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  3. cloud pbx market infographic Request a sample to get extensive insights into the Cloud PBX Market Focus on Disaster Proof Technology for Communication: Key Driver of Cloud PBX Market Cloud PBX solution is normally unaffected by disasters. Hardware is not deployed • on site. Hence, in the event of a natural disaster, users can access and activate their service from a different location as all the calls and numbers are forwarded/directed to the new location. Even if users are unable to make this move quickly, the hosted solution helps to send calls to the voicemail system, where users can access messages at a later date/ time. Key Challenges Faced by Cloud PBX Market Players Incompatible hardware and equipment, and data security concerns may restrain the • growth of the cloud PBX market Increase in Adoption of Cloud PBX across Emerging Markets In the year 2010, cloud PBX accounted for only 4% of the total PBX sales, whereas • by the end of year 2019, the share of cloud PBX in global PBX increased to 18%. In 2019, the U.S. accounted for almost two-thirds of hosted PBX shipments. Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

  4. Businesses with 11 to 50 employees accounted for the most significant percentage of • 2019 hosted PBX sales. This small business segment is expected to remain dominant by the end of the forecast period. Major factors driving the global cloud PBX market are lower hardware/service • costs, unlimited scalability, advanced calling features, voice quality, mobile integration, control over long-distance costs, etc. North America is expected to reach cloud adoption of more than 50% in the global • PBX market by the end of 2025. In the current market scenario, the average global cloud penetration in the PBX market is only around 20%; North America has penetration of more than 30%. Asia Pacific is expected to surpass the Europe by the end of the forecast period, as • adoption of cloud-based technologies is projected to be the highest in the region Buy Now- https://www.transparencymarketresearch.com/checkout.php? rep_id=77582&ltype=S Cloud PBX Market: Competition Landscape Detailed profiles of providers of cloud PBX have been provided in the report to • evaluate their financials, key product offerings, recent developments, and strategies Key players operating in the global cloud PBX market areAllworx Corporations • AT&T, Inc. • Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

  5. Avaya Inc. • Barracuda Networks Inc. • T Group • BullsEye Telecom Inc. • Centurylink • Cisco Systems Inc. • D-Link System Inc. • MegaPath Inc. • Microsoft Corporation • Mitel Networks Corporation • NEC Corporation • Nextiva Inc. • Panasonic Corporation • Polycom • RingCentral Inc. • VirtualPBX.com, Inc. • Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

  6. Vonage America Inc. • Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

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