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Global Hosted PBX Market is expected to grow at a CAGR of 15.70% over the Forecast Period of 2018 – 2024

Infograph - Global Hosted PBX Market

By Infinium Global Research Aug, 2020

The increasing need for enterprise mobility and rising adoption of the cloud and integrated communication drives the hosted PBX market. Cloud-based telecommunications in the form of hosted PBX services enables medical professionals to have access to their patients and the center of operations from a certain location at any time of the day. The hosted PBX systems provide more freedom to the workforce enabling employees to work from their desired locations or smartphones under a single office telephone system. In addition, multiple security layers and failover of the technology offered by the service providers are strengthening the growth of the hosted PBX market. However, security and privacy concerns are the factors likely to curtail the growth of the Hosted PBX market. Furthermore, increasing convergence of network and universal control (UC) applications expedite various growth opportunities for the key players in the Hosted PBX market. On the other hand, the rising need to upgrade from the traditional on-premise PBX systems to cloud-based PBX systems will also foster market growth.

The report on Global Hosted PBX Market covers segments such as organization size and end-users. The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The report provides profiles of the companies in the global ShoreTel Inc, Mitel Networks Corporation, Vonage, Bullseye Telecom, 8x8 Inc, Inc, XO Communications, 3CX, Megapath, and Digium Inc.

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