Global Business Phone Systems Market Overview:
A business phone system is used in business environment that surrounded by small key telephone system (KTS) to the large private branch exchange (PBX). The current trend in this system is of use of cloud hosted VoIP unified communication where expensive PBX is not required. With growing need for enterprise mobility, new technologies are expected to shape the very market.
Growth Drivers
- Growing Need for Enterprise Mobility
- Growing Adoption of the Cloud and Unified Communication
- Reduced Total Cost of Ownership
Roadblocks
- Security and Privacy Concerns
- Lack of Awareness About Voice Over Internet Protocol (VoIP) Technology
Opportunities
- Growing Use of the System in Small and Medium Enterprises
- Growing Web based Real-Time Communications system
Challenges
- Rising Concern About Quality of Service
- Network Limitations
Competitive Landscape:
Some of the key players profiled in the report are Cisco [United States], ESI [United States], Nextiva [United States], Toshiba [Japan], ShoreTel Sky [United States], 8x8 [United States], Avaya [United States], FortiVoice [Canada], AT&T [United States], Vonage Business Solutions [United States], Huawei [China], Microsoft [United States], Lenovo [Hong Kong], Ooma Office [United States], RingCentral [United States], ShoreTel [United States] and NEC [Japan]. Additionally, following companies can also be profiled that are part of our coverage like AstraQom [United States], Ozonetel [India], MegaPath [United States], CenturyLink [United States], BT Group [United Kingdom], Polycom [United States], Comcast Business [United States], Mitel Networks [Canada], XO Communications [United States], Telesystem [United States], OneConnect [Canada], InterGlobe Communications [United States], Alpha Telecom Services [Canada] and Allstream Inc [Canada]. Analyst at AMA Research see United States Players to retain maximum share of Global Business Phone Systems market by 2026.
Latest Market Insights:
June 2018 - : AT&T acquired Time Warner amid Court interference. AT&T's acquisition of Time Warner is an example of vertical merger as the two companies do not directly compete with each other. and March 2018 - : Avaya acquired Spoken Communications to accelerates its growth in cloud based solution and to offer a highly scalable cloud platform for customers of all sizes
Recently in September 2018, United based company nexVortex, Inc. announced the addition of 4G LTE as an option to their industry-recognized Hosted Voice (mHV) service.
Business Phone Systems are subjected to data breach and stringent regulations are in place to protect the same regulatory bodies such as General Data Protection Regulation (EU) and the Privacy Shield (USA). As per GDPR, Controllers of personal data must put in place appropriate technical and organisational measures to implement the data protection principles. Business processes that handle personal data must be designed and built with consideration of the principles and provide safeguards to protect data.
What Can be Explored with the Business Phone Systems Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Business Phone Systems Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Business Phone Systems
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 Business Phone Systems 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 Business Phone Systems 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 Business Phone Systems Service Provider, Potential Investors, Government Agencies and Research Institute.
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.