Global Cloud Based Private Branch Exchange Market Overview:
The cloud-based PBX enables data traffic and voice communication traffic integration into a single network to reduce the total cost of ownership (TCO) associated with a combined voice or data network. The integration of multiple media types such as voice, data, and video into a single network eliminates infrastructure and maintenance redundancies, which also minimizes capital and operational costs. Also, cloud-based PBX increasingly demonstrates greater cost-effectiveness than traditional voice networks and increases the cost or benefit ratio, efficiency, and flexibility in implementation
Growth Drivers
- Surge in Unified Communication (UC) Applications and Growing Number of Companies are Adopting for IP Phones
- Rising Need for Enterprise Mobility
Market Trends
- Rising Adoption of the Cloud and UC
- The Necessity to Upgrade From Traditional PBX to Cloud-Based PBX
Roadblocks
- Security and Privacy Concerns
Opportunities
- Increasing Adoption of the Telco Cloud
- Advent of WebRTC
- Growing Trend of Network Convergence and UC Applications
- Increasing Number of SMEs are Opting for These Services
Challenges
- Growing Concerns About QOS
Competitive Landscape:
Some of the key players profiled in the report are Fusion Connect Inc. (United States), Microsoft (Skype) (United States), Cisco Systems (United States), Nextiva (United States), RingCentral (United States), Vonage (United States), 3CX (United States), 8x8 (United States), Avaya (United States) and Barracuda Networks, Inc. (United States). Additionally, following companies can also be profiled that are part of our coverage like BullsEye Telecom (United States), Sangoma Technologies Corporation (Canada) and Estech Systems Inc. (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Cloud Based Private Branch Exchange market by 2026. Considering Market by Component Type, the sub-segment i.e. Solution will boost the Cloud Based Private Branch Exchange market. Considering Market by Industry Verticals, the sub-segment i.e. IT will boost the Cloud Based Private Branch Exchange market. Considering Market by System Type, the sub-segment i.e. PC Based will boost the Cloud Based Private Branch Exchange market. Considering Market by Organisation Size, the sub-segment i.e. SMEs will boost the Cloud Based Private Branch Exchange market.
What Can be Explored with the Cloud Based Private Branch Exchange Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Cloud Based Private Branch Exchange Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Cloud Based Private Branch Exchange
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Cloud Based Private Branch Exchange market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Cloud Based Private Branch Exchange market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Cloud Service Providers, VoIP service providers, Managed Service Providers (MSPs), System Integrators, Software Companies, Telecommunication Companies, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.