Cloud PBX Market Expecting Massive Growth during 2019-2027 with Key Players 3CX, Inc., AT&T Inc., Comcast Corporation

The global cloud PBX market valued at US$ 5.07 Bn in 2018 and is expected to grow at a CAGR of 15.5% during the forecast period 2019 – 2027, to account to US$ 18.23 Bn by 2027.

The increasing demand for cloud technology, enhanced communication, UCaaS, and low-cost infrastructure maintenance are creating a significant demand for cloud PBX market. In a recent scenario, 5G is playing a major role in transforming the entire PBX ecosystem driven by more internet-connected devices directly impacting global cloud PBX market. The continuous development in infrastructure and improvement in cloud technology is expected to drive the cloud PBX market significantly.

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Market Insights

The reduced cost of operation is driving the adoption of cloud PBX

The cloud PBX has reformed and revolutionized the communication process in the business organizations by enabling access to various forms of communication (audio, video, text messaging) through an IP network. This communication technology offers myriad benefits over tradition PBX, but the cost-effectiveness provided by the cloud PBX over on-premise PBX is the primary factor, that has driven its demand in the past years and is expected to influence the cloud PBX market growth in the coming years.

Strategic Partnerships and Developments among the Cloud PBX Market Players in the Ecosystem is Fueling the Growth of Cloud PBX Market

Tier 1 and Tier 2 companies have prominent market share in the global Cloud PBX market. The service partners are also influencing the current market players operating in the Cloud PBX market to offer customized cloud PBX services with advanced features; thus Cloud PBX market players are increasingly focusing on partnerships and developments to expand its footprints.

Global Cloud PBX Market – By Enterprise Size

  • SMEs
  • Large Enterprises

Global Cloud PBX Market – By End-user

  • Healthcare
  • Manufacturing
  • Telecom & IT
  • BFSI
  • Retail
  • Others

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Global Cloud PBX Market – By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • Russia
    • UK
    • Rest of Europe
  • Asia Pacific (APAC)
    • South Korea
    • China
    • India
    • Australia
    • Japan
    • Rest of Asia Pacific
  • Middle East and Africa (MEA)
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA
  • South America
    • Brazil
    • Argentina
    • Rest of South America (SAM)

Company Profiles

  • 3CX, Inc.
  • 8x8, Inc.
  • AT&T Inc.
  • Comcast Corporation
  • SORS Global
  • Avaya Inc.
  • Voyced Ltd.
  • Cisco Systems, Inc.
  • Microsoft Corporation
  • RingCentral, Inc.

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Posted by on Tuesday December 10 2019, 2:03 AM EST. All trademarks acknowledged. Filed under Software & Services, Technology, Media, & Telecommunications. Comments and Trackbacks closed. Follow responses: RSS 2.0

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