Lewes, DE -- (SBWire) -- 02/01/2017 --Report forecast the global cloud based PBX market to grow at a CAGR of 15.54% during the period 2017-2021.
A cloud-based private branch exchange (PBX) system works on cloud computing technology in which data are stored and transferred through the Internet instead of using a computer or any other hardware. Cloud technology has become popular among consumers with the introduction of programs such as MobileMe and iCloud. These are consumer-based cloud computing technologies.
The report covers the present scenario and the growth prospects of the global cloud based PBX market for 2017-2021. To calculate the market size, the report considers the revenue generated from sales, installation, and maintenance of cloud-based PBX systems used for enterprise applications.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, one driver in market is implementation of cloud based PBX reduces TCO. The cloud-based PBX enables data traffic and voice communication traffic integration into a single network to reduce the total cost of ownership (TCO) associated with a combined voice or data network. The integration of multiple media types such as voice, data, and video into a single network eliminates infrastructure and maintenance redundancies, which also reduce capital and operational costs. Various network elements such as call servers, application servers (for voicemail storage), and client devices can be easily integrated due to the presence of a single network for voice, data, and video transmission.
Further, the report states that one challenge in market is network security issues. The cloud-based PBX incorporates cloud-based systems in its service delivery, which is vulnerable to viruses, hackers, and data crashing. Issues such as unauthorized access, interruption-of-service, eavesdropping, registration and media manipulation, and spam over Internet telephony (SPIT) create challenges related to authenticity, integrity, and confidentiality. Organizations are encrypting or decrypting VoIP traffic for security inspection, which in turn is leading to organizational and operational problems.
Global Cloud Based PBX Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the global cloud based PBX market: MegaPath, Microsoft (Skype), Nextiva, RingCentral, and Vonage.
Other Prominent Vendors in the market are: 3CX, 8x8, Allworx, Avaya, Barracuda Networks (CudaTel), BullsEye Telecom, Cisco, Digium, D-Link, Estech Systems, Fonality, Jive Canada, Linksys, Mitel Networks, NEC, Panasonic, Sangoma, ShoreTel, VirtualPBX.com, and Zultys.
Market driver
- Cloud based PBX provides high operational flexibility.
- For a full, detailed list, view our report
Market challenge
- Connectivity problems, a hindrance to seamless communication.
- For a full, detailed list, view our report
Market trend
- Backend analytics are becoming a predominant element of cloud based PBX.
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 69 pages and 19 Exhibits "Global Cloud-based PBX Market 2017 - 2021" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Five forces analysis, Market segmentation by end-user, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.
For more information Visit at: http://www.marketresearchreports.com/technavio/global-cloud-based-pbx-market-2017-2021
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