Hosted (Private Branch Exchange) PBX market is growing rapidly during the forecast period as hosted PBX allows the businesses to use refined telephone system network without actually investing in the telecom equipment. The call platform is placed at the service provider’s location allowing the subscribers to connect via IP to the service provider for the voice and video support. PBX is a cloud-based system that can be accessed with a valid IP network and all the services are cloud-based making it cost-effective. The service provider maintains the hardware, software and all other requirements essential for the hosted PBX system. Hosted PBX allows employees to work from their home or any other place still connected to the workplace or office telephone network.
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One of the major impacts on the company’s profitability includes the infrastructural cost, with the implication of the hosted PBX, the company would be able to save lots of its infrastructural expenses also as the office phone network, works as virtual, and location constraints are also eliminated. Businesses are constantly working on the development of the hosted PBX system to form a virtual presence with no actual physical presence. However, any disturbances in internet connection result in loss of hosted PBX based phone service which may hamper the growth of the market.
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The rapid advancement in the communication sector enables to enhance the global hosted PBX industry. The market is driven by the large market players such as XO Communications, LLC, 3CX, 8×8, Inc., Ooma, Inc., Vonage Holdings Corp., and MegaPath Cloud Company, LLC that are contributing into the growth of the market.
Current Market Trends covered in the Market Report:
• North America is expected to hold the maximum market share in the overall hosted PBX market.
• Huge infrastructural investments in wireless technologies
• The rapid adoption of wireless technologies, such as cloud and IoT.
Global Hosted PBX Market: – Segmentation
• Banking, Financial Services and Insurance (BFSI)
• Manufacturing Industry
• Others (Real Estate and Retail)
Global Hosted PBX Market: – Region
• Rest of Europe
• Rest of Asia-Pacific
Rest of the World
• 8×8, Inc.
• Bullseye Telecom
• Dialpad, Inc.
• Digium, Inc.
• Engin Pty, Ltd.
• Grandstream Networks, Inc.
• Intermedia.net, Inc.
• Intulse, Ltd.
• JIVE Canada (LogMeIn, Inc.)
• MegaPath Cloud Company, LLC
• Mitel Networks Corp.
• Net2Phone, Inc.
• Nextiva, Inc.
• . NICE, Ltd.
• Ooma, Inc.
• PanTerra Networks, Inc.
• RingCentral, Inc.
• TelePacific Communications
• VirtualPBX.com, Inc.
• Vonage Holdings Corp.
• XO Communications, LLC
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