Cloud PBX Market is Expected to Exceeds Revenue 20.83 Billion USD by 2023

Pune, India, 2017-Jun-22 — /EPR Network/ —

Market Highlights

The study reveals that Cloud for PBX is trending in North America region. The Cloud for PBX Market is driven by the innovation and IP technology advancements in communication system services to make more advanced and cost-effective systems. A recent trend in smart technologies is boosting the Cloud for PBX market.

The study signifies that the increasing demand of internet based Audio, Video & Voice service is a key driver for Cloud for PBX market. The study also reveals that a trend of high adoption of Cloud for PBX and growing demand of 5G technology will boost the communication services market in future. The study reveals that the low costs as compared to other Analog PBX system results in the advantage to the Cloud for PBX market.

The Cloud for PBX market is growing rapidly over 13.2% of CAGR and is expected to reach at USD ~$20.83 billion by the end of forecast period.

Cloud for PBX Market Players:

• Microsoft Corporation(Skype) (U.S)
• Nextiva Inc. (U.S)
• RingCentral Inc. (U.S)
• Avaya Inc. (U.S)
• Barracuda Networks Inc. (CudaTel) (U.S)
• Vonage America Inc. (U.S)
• Cisco system Inc. (U.S)
• D-Link System Inc. (Taiwan)
• Allworx Corporations (U.S)
• BullsEye Telecom Inc (U.S
• Mitel Networks Inc. (Canada)
• MegaPath Inc. (U.S)
• NEC Corporation (Japan)
• Panasonic Corporation (Japan)

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Cloud for PBX Market Segmentation

The Cloud for PBX Market has been segmented on the basis of type, applications, end-user and region. Looking through the end-user segment it has been observed that industrial and government sector has shown a tremendous usage of Cloud based PBX Services market and holds the largest market share. The study indicates that the other sectors like educational and government sector would be considering Cloud for PBX for their regular use and would show a positive growth in the Cloud for PBX market.

Market Research Analysis:

On geographic basis, Cloud for PBX market is studied in different regions as North Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading in the Cloud for PBX market and is expected to grow with a high rate as well as hold the largest market share in the Cloud for PBX market, there has been a major focus onto the communication based on the low cost is the main concern. The technological advancements in cloud computing and high adoption of PBX in communication sector is observed there. The study shows that Europe region is also showing a positive curve in growth graph in the Cloud PBX Market. The developing economies in Asia-pacific regions like China, Japan, India and others are showing high adoption in the Cloud for PBX market.

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