Cloud PBX Market Scope
A Cloud PBX is also called a virtual PBX system or Hosted PBX. PBX stands for private branch exchange. Cloud PBX is part of cloud computing which helps to store and accessing data over the internet. The mixture of cloud and PBX is just a phone system based over the Internet which is also mentioned to as an Internet-based or VoIP phone system. There are various benefits of the cloud PBX such as increased employee productivity, improved customer satisfaction and corporations could convert their capital disbursement into operational disbursement.
According to AMA, the Global Cloud PBX market is expected to see growth rate of 14.2% Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Cloud PBX market throughout the predicted period.
Microsoft Corporation (United States), RingCentral Inc. (United States), Vonage America Inc. (United States), ShoreTel, Inc. (United States), Nextiva Inc. (United States), Avaya Inc. (United States), MegaPath Inc. (United States), Jive Software Inc. (United States), Phone.com (United States) and Barracuda Networks Inc. (CudaTel) (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Cisco system Inc. (United States), D-Link System Inc. (Taiwan), Allworx Corporations (United States), BullsEye Telecom Inc. (United States), Mitel Networks Inc. (Canada), MegaPath Inc. (United States), NEC Corporation (Japan) and Panasonic Corporation (Japan).
Segmentation Overview
The study have segmented the market of Global Cloud PBX market by Type (WAN and LAN), by Application (Commercial and Industrial) and Region with country level break-up.
On the basis of geography, the market of Cloud PBX has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Rising Popularity of Unified Communications (UC) applications and Adoption on PBX cloud in Healthcare industry
Market Growth Drivers:
Increasing Adoption of the Cloud and Escalating Necessity for Organization Mobility
Challenges:
Need to Provide Quality Service
Restraints:
Security and Privacy Issue
Opportunities:
Growing Implementation of the Telco Cloud and Emerging Trend of Network Convergence
Market Leaders and their Expansionary Development Strategies
On 11th October 2018, RingCentral, Inc., a leading provider of global enterprise cloud communications and collaboration solutions has acquired acquire Dimelo, a leading cloud-based digital customer engagement platform. Dimelo empowers enterprises to manage all their digital client communications through the only platform.
On 16th April 2018, Microsoft Corp. has launched several new intelligent security tools and technologies to help enterprises extra effortlessly protected their information and networks against today’s biggest threats as well as address developing threats meant at IoT and edge devices. This solution provides strengthen to enterprises against cyber attacks from the cloud to the edge.
Key Target Audience
Cloud for PBX Solution Vendors, Cloud for PBX Providers, IP Data Providers, Internet Service Providers, System Security, Software Investors, Cloud Based PBX Service Provider, Cloud for PBX Agencies, Technology Integrators, Private Research Institutes, Government Bodies and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.