Global Cloud PBX Market size is estimated at USD 20.19 billion in 2022 and is expected to reach USD 85.14 billion by 2031, growing at a CAGR of 17.3% from 2022 to 2031.
Simply put, cloud PBX is a component of cloud computing. The question now is: What exactly is cloud computing? Using the internet to store and retrieve data instead of a computer or other hard drive is known as “cloud computing.” The term “public branch exchange” is PBX. The technology that enables the telephone company to route calls is known as a PBX. The internet-based phone system, also known as the VoIP phone system, is simply a phone system-based technology when PBX and cloud are coupled.
Key Companies Insights
Cisco Systems, Inc., RingCentral Inc, Five9, Inc. and AT&T, Inc. are expected to lead in market share (%) and broad customer reach. The market is moderately fragmented, with various key players operating on global scale. Market players are focusing on new product launch and upgradation of existing product by implementing new technology to increase the features and strengthen their global footprint. For instance in September 2021, Telness Tech has introduced its first cloud-based PBX solution together with fast-growing Cloudgruppen. Cisco Systems, Inc., has around 25% market share in cloud PBX market in 2021 and Some of the key players operating in the global CLOUD PBX market include:
- Allworx Corporations
- AT&T, Inc.
- Avaya Inc.
- Barracuda Networks Inc. (CudaTel)
- BullsEye Telecom Inc
- Centurylink
- Cisco Systems, Inc.
- D-Link System Inc.
- Five9 Inc.
- MegaPath Inc.
- Microsoft Corporation
- Mitel Networks Inc.
- NEC Corporation
- Nextiva Inc.
- Panasonic Corporation
- Polycom
- RingCentral Inc.
- T Group
- Vonage America Inc.
- Others
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Segments
By Services
- Managed Services
- Professional Services
- Network Services
- IT & Cloud Services
By Enterprise Size
- Small & Medium Enterprises
- Large Enterprises
By End User
- BFSI
- Retail & E-commerce
- Healthcare
- Government
- Real Estate
- Other
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- Market segmentation based on qualitative and quantitative analysis, taking into account both economic and non-economic aspects.
- Data on market value (in US dollars) for each section and sub-segment
- Identifies the area and market segment anticipated to experience the quickest growth and hold the majority of the market.
- Analysis by geography showcasing product/service usage in the region and highlighting the market dynamics affecting each region.
- A competitive landscape that takes into account recent service/product launches, collaborations, company expansions, and acquisitions by the companies profiled, as well as the market share of the leading players.
- Comprehensive company profiles for the top players in the industry, including business overviews, corporate insights, product benchmarking, and SWOT analyses
- The industry’s future market forecast in light of recent changes, including growth possibilities, drivers of growth, and obstacles present in both developing and emerging economies.
- Comprises a thorough examination of the market from a number of angles using Porter’s Five Forces analysis.
- Offers market knowledge across the Value Chain
- The current market dynamics scenario and future market expansion prospects
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Key Questions Answered in This Report:
- How has the global Market performed so far and how will it perform in the coming years?
- What are the key regional Markets?
- What has been the impact of COVID-19 on the global Market?
- What is the breakup of the Market based on the type?
- What is the breakup of the Market based on the application?
- What is the breakup of the Market based on the manufacturing process?
- What is the breakup of the Market based on the price range?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global Market and who are the key players?
- What is the degree of competition in the industry?
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