Europe Cloud PBX Market Projected to Register 14.6% CAGR to 2027 | 3CX, 8×8, AT&T, Avaya, Cisco System, Comcast, Microsoft, RingCentral, Voyce

The Europe cloud PBX market accounted for US$ 1.37 Bn in 2018 and is expected to grow at a CAGR of 14.6%  over the forecast period 2018- 2027, to account for US$ 4.58 Bn in 2027. Factors including the increasing focus of enterprises towards effective communication and reduced operational costs are driving the growth of Europe Cloud PBX Market. 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 market growth in the coming years.

Since the cloud PBX market entered its growth phase (as per the product lifecycle) there was a drastic increase in the migration rate of the companies from traditionally on-premise PBX to cloud-based PBX, but, the major challenge faced by these companies then was to integrate the technology into their existing environment. Because of the service gap amid the market, there were several instances of inefficient deployment of cloud PBX. However, in the later years as the adoption of integration services and migration strategies streamlined, the businesses gained confidence regarding their seamless transition to internet telephony (VoIP). This VoIP capitalizes entirely on the benefits provided by the cloud PBX without compromising on values of already existing technology investments. The expansion in migration strategy not only amplified the cloud PBX deployment but also mitigate the potential of technical issues related to the implementation of technology.

Some of the key players of Europe Cloud PBX Market:
3CX, INC, 8×8, Inc., AT&T INC, Avaya, Cisco System, Inc., Comcast Corporation, Microsoft Corporation, RingCentral, Inc., Sors Global, Voyce Ltd

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The Europe Cloud PBX Market is fragmented with the presence of several industries, and the competitive dynamics in the market is expected to change during the upcoming years. In addition to this, various initiatives are undertaken by the governmental bodies to accelerate the Europe cloud PBX market further. For instance, the current policy on cloud computing is set within the Digital Single Market Strategy for Europe where it plays a vital role through the European Cloud Initiative, the European Free Flow of Data Initiative and the emerging issues related to access, ownership, portability of data and switching of cloud service providers. These initiatives on cloud computing build on the strategy unveiled by the Commission in 2012 for unleashing the potential of cloud computing in Europe. The strategy is expected to speed up and increase the use of cloud computing across all economic sectors. The initiatives taken by state governing organizations across the region is expected to drive the adoption of cloud technology, which in turn would elevate the Europe cloud PBX market.

The cloud PBX market by end-user is segmented into IT & telecom, BFSI, healthcare, retail, manufacturing, and others. In the rapidly expanding retail industry, the communication between the suppliers, stores, warehouses, sales teams, and buyers, plays a vital role to develop enhanced supply management and customer service. And the traditional telephone system with high maintenance cost has been incapable of fulfilling the needs of the retail chain. Retailers, with a motive to stay ahead, are shifting towards cloud POX for a reliable phone system to keep their retail business run smoothly along with enhancing customer satisfaction. The trend is anticipated to significantly contribute to the growth of cloud POX in the retail industry.

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Fundamentals of Table of Content:

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Europe Cloud PBX Market Size
2.2 Europe Cloud PBX Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 Europe Cloud PBX Market Size by Manufacturers
3.2 Europe Cloud PBX Key Players Head office and Area Served
3.3 Key Players Europe Cloud PBX Product/Solution/Service
3.4 Date of Enter into Europe Cloud PBX Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Europe Cloud PBX Sales by Product
4.2 Global Europe Cloud PBX Revenue by Product
4.3 Europe Cloud PBX Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global Europe Cloud PBX Breakdown Data by End User

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