Hosted PBX Market Analysis, Size, Share, Growth, Trends and Forecast to 2027

Hosted PBX Market Analysis, Size, Share, Growth, Trends and Forecast to 2027

A detailed analysis of the hosted PBX market is entailed in this research report. The driving forces responsible for propelling the growth graph of this vertical in addition to the regional and competitive trends are mentioned in the study. A comprehensive document comprising details about vital parameters such as the industry ecosystem analysis, market segmentation, and the vendor matrix, the market report also contains information on the pivotal industry insights for core players to look out for.

As several companies across the globe are transitioning from traditional communication systems to cloud-based phone systems, they are increasingly deploying hosted Private Branch Exchange (PBX) systems. This is likely to augment the business space of hosted PBX market in coming years.

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Given their reduced cost and space-based relaxation and deployment of IP technology, cloud-hosted PBX systems and solutions are now set to turn the tables across the electronics and media industry. These systems are considered to be highly affordable and boast of the ability to guarantee up-times under all critical situations. This apart, cloud- hosted PBX systems also provide various companies with the scalability through analytics to gather actionable insights.

The prominence of these systems is well acclaimed, which has enabled different large- and small-scale enterprises to make arrangements for deploying cloud hosted PBX systems in their workspaces. Recently, United Telecoms, had in early 2020 announced introducing a cloud-hosted PBX system- United Voice Cloud, covering some of the latest in unified communications technology with the ultimate reliability and flexibility. One of the profitable features embedded in United Voice Cloud is a softphone extension and smartphone mobile application, which is likely to ensure full mobility and remote office deployment.

The need for hosted PBX systems and solutions from large enterprises has been escalating over the years and is now being addressed to rise notably over the span of 2021 to 2027, owing to the digital shift COVID-19 pandemic has evoked worldwide. The coronavirus health crisis has enabled enterprises to identify effective communication systems to ensure improved collaboration with the company workforce, allowing them to massively adopt hosted PBX systems, just in order to facilitate the remote communication infrastructure. Some of the eminent features offered by hosted PBX system for large scale enterprises include video conferencing, voicemail, email delivery, and others.

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Regionally, hosted PBX market across Europe is expected to grow significantly over the ensuing years owing to increasing inclination towards digitization among large number of public and private enterprises along with expanding wireless communication infrastructure in the region. According to the report, Europe market is estimated to secure a market share of more than 20% by 2027.

Additionally, key industry players operating in Hosted PBX market such as 8x8, Inc., Avaya Holdings Inc., AT&T Inc., Cisco Systems Inc., CenturyLink, etc. are focusing on developing advanced hosted PBX solutions that will open new growth avenues for the industry.

Major Key Points from Table of Content:

Chapter 6   Hosted PBX Market, By Organization Size

6.1    Key trends, by organization size

6.2    Large enterprises

6.2.1    Market estimates and forecast, 2016 – 2027

6.3    SMEs

6.3.1    Market estimates and forecast, 2016 – 2027

Chapter 7   Hosted PBX Market, By Industry Vertical

7.1    Key trends, by industry vertical

7.2    BFSI

7.2.1    Market estimates and forecast, 2016 – 2027

7.3    Healthcare

7.3.1    Market estimates and forecast, 2016 – 2027

7.4    Government

7.4.1    Market estimates and forecast, 2016 – 2027

7.5    Retail

7.5.1    Market estimates and forecast, 2016 – 2027

7.6    Manufacturing

7.6.1    Market estimates and forecast, 2016 – 2027

7.7    Others

7.7.1    Market estimates and forecast, 2016 – 2027

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