Global Cloud PBX Market is valued approximately at USD $$ billion in 2019 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2020-2026.
Cloud PBX is basically the process of transferring the load of managing voice calls and other telephony to the cloud. Cloud PBX system is adopted by the cloud service providers for the better delivery of virtualized PBX system. In these systems data is stored and transferred over the internet instead of the conventional computer or piece of hardware. The systems are hosted entirely on servers in off-site data centers and powered over the internet.
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In the past few years, many IT companies have started adopting cloud computing in their network infrastructure for better and efficient work balance. Cloud PBX not only reduces the complexity of operations in the available networks but also allows the cloud service providers to host multiple number of virtual networks without any need of common separation isolation methods. Further, these are more cost effective than other solutions such as Hosted Telephone System, VoIP & IP PBX. Hence the advantages offered by these Cloud PBX drive the market during the forecast period.
With the growing cloud-based services across the globe, the number of connected devices are increasing the penetration of Cloud Storage increases which propels the companies to adopt cloud based storage and operation. Hence, increasing adoption of Cloud based services in many IT companies drives the market. Moreover, the hosting of servers for these services is done through Off Site datacenters. Hence the rising number of datacenters across the globe further drives the market growth. In February 2019 Google announced a USD 13 billion investment in data centers in USA which is 4 billion more than the USD 9 billion investment in 2018. The company plans to establish new data centers in Nebraska, Nevada, Ohio, Texas, Oklahoma and other cities and expand the data centers in Seattle, Chicago and New York. Moreover, according to cloud Scene, Brazil has 59 internet users per 100 and the connectivity ecosystem is made up of 110 colocation data centers, 123 cloud service providers and 2 network fabrics. However, lack of a skilled workforce impedes the growth of the market over the forecast period of 2020-2026.
The regional analysis of global Cloud PBX market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the growing early adoption of the technology coupled with high number of connected devices and availability of high speed internet services such as 5G. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026. Factors such as rising investments in the high-speed Internet infrastructure and presence of large number of data centers would create lucrative growth prospects for the Cloud PBX market across Asia-Pacific region. According to Cloud scene there are 1137 data centers in the region of which 244 are in Australia, 200 in Japan, 119 in India and 99 in China.
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Major market player included in this report are:
Microsoft Corporation
Nextiva Inc.
RingCentral Inc.
Avaya Inc.
Barracuda Networks Inc.
Cisco Systems, Inc.
D-Link System Inc.
Mitel Networks Corporation
NEC Corporation
Panasonic Corporation
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Enterprise Size:
SME
Large Enterprises
By End-Use:
IT & Telecom
BFSI
Healthcare
Retail
Manufacturing
Others
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017, 2018
Base year – 20198
Forecast period – 2020 to 2026
Target Audience of the Global Cloud PBX Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Aim of the Report
- This study aims to determine the market size of various segments and countries with forecast values for next ten years.
- Within the regions and countries studied, the report covers both qualitative and quantitative aspects of the industry.
- It also provides detailed information about the crucial aspects such as drivers & challenges that will influence the market’s future growth.
- The report will also include investment opportunities in micro markets for stakeholders. In addition, an in-depth analysis of key players’ products and the competitive landscape.
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