About Cloud PBX
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.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
CAGR | 14.2% |
Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Cloud PBX market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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 coverage 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
AMA Research has segmented the market of Global Cloud PBX market by Type (WAN and LAN), Application (Commercial and Industrial) and Region.
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). If we see Market by Service, the sub-segment i.e. Virtual Deployment & Setup will boost the Cloud PBX market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organization Size , the sub-segment i.e. SME will boost the Cloud PBX market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. BFSI will boost the Cloud PBX market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
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
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.