Global Cloud-based PBX Market 2020-2024
Technavio has been monitoring the cloud-based PBX market and it is poised to grow by $ 23.89 bn during 2020-2024 progressing at a CAGR of 18% during the forecast period. Our reports on cloud-based PBX market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growing adoption of cloud-based solutions, implementation of cloud based PBX reduces TCO, and high operational flexibility. In addition, the growing adoption of cloud-based solutions is anticipated to boost the growth of the market as well.
The cloud-based PBX market analysis include end user segments and geographic lanscapes.
Technavio's cloud-based PBX market is segmented as below:
By Geographic Landscape
- North America
- South America
This study identifies increased popularity of VOLTE among enterprises as one of the prime reasons driving the cloud-based PBX market growth during the next few years. Also, availability of integrated mobile voice and data applications at relatively low prices will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our cloud-based PBX market covers the following areas:
- Cloud-based PBX Market sizing
- Cloud-based PBX Market forecast
- Cloud-based PBX Market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cloud-based PBX market vendors that include Avaya Holdings Corp., Cisco Systems Inc., Fusion Connect Inc., LogMeIn Inc., Microsoft Corp., NEC Corp., Nextiva Inc., Panasonic Corp., RingCentral Inc., and Vonage Holdings Corp. Also, the cloud-based PBX market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.