LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global hosted private branch exchange (PBX) market and the market is poised to grow by USD 4.23 billion during 2019-2023 at a CAGR of over 14% during the forecast period. Request Free Sample Pages
Read the 135-page research report with TOC on "Hosted Private Branch Exchange (PBX) Market Analysis Report by Solution (Virtual development and setup, Network traffic management, Virtual assistance and support, Configuration and change management, and Others), by Geography (APAC, Europe, MEA, North America, and South America), and Segment Forecasts, 2019 - 2023".
The market is driven by the advances in network infrastructure. In addition, the emergence of artificial intelligence and machine learning is anticipated to further boost the growth of the hosted private branch exchange (PBX) market.
Organizations are experiencing an increasing demand for efficient communication systems due to the expansion of their network and rising number of business processes. They are adopting virtual network technologies to neutralize cyber threats and improve the efficiency of their businesses. Vendors are also introducing flexible techniques and automation in their offerings. This is enabling enterprises to enhance business productivity over the cloud network. The availability of advanced network infrastructure is expected to drive market growth during the forecast period.
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Major Five Hosted Private Branch Exchange (PBX) Market Companies:
Avaya Inc. is headquartered in the US and operates the business under various business segments such as Products & Solutions and Services. The company offers Avaya IP Office and The Avaya Aura Platform.
CenturyLink is headquartered in the US and offers products through the following business units: Business Segment and Consumer Segment. The company offers cloud-based IP voice service to help end-users boost productivity and efficiency of their businesses.
Cisco Systems, Inc.
Cisco Systems, Inc. is headquartered in the US and operates under the business segments, Product and Services. The company offers Cisco Hosted Collaboration Solution, Small office PBX telephone systems, IP Phone Systems, VoIP PBX, and Cisco Webex Calling.
NEC Corporation is headquartered in Japan and offers services through the following business segments: Public Business, Enterprise Business, Telecom Carrier Business, System Platform Business, and Others. The company offers Communications Platform (IP PBX), Telephony System (PABX), and UNIVERGE 3C.
Siemens is headquartered in Germany and offers services through the following business segments: Power and Gas, Digital Factory, Energy Management, Building Technologies, Mobility, Siemens Gamesa Renewable Energy, Process Industries and Drives, Siemens Healthineers, and Financial Services.
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Hosted Private Branch Exchange (PBX) Solution Outlook (Revenue, USD Million, 2019 - 2023)
- Virtual development and setup
- Network traffic management
- Virtual assistance and support
- Configuration and change management
Hosted Private Branch Exchange (PBX) Regional Outlook (Revenue, USD Million, 2019 - 2023)
- North America
- South America
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