Virtual PBX Market Size, Insights, Trends, Outlook 2018-2024: Top Players: Nextiva, Birch Communications, AstraQom, Voysis IP Solutions, AllStream, Digitcom, TeraGo Networks

Pune, India -- (SBWire) -- 11/06/2018 --The main objective of this report is to define, describe, and forecast the global "Virtual PBX" market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market. According to the report, the global virtual PBX market is projected to grow at a CAGR of 15.6% over the forecast period of 2018-2024.

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Digi launches virtual phone system Omni

In August 2018- Digi Telecommunications (Digi) has launched an affordable enterprise virtual phone system called Omni, largely targeting the thousands of small and medium-sized enterprises (SMES) and start-ups in the country. Omni which is 'PBX 2.0', can turn any smartphone into a call center. It is managed by an app on the smartphone and a web dashboard.

Omni also comes with a fixed line prefix, doing away with the need to share personal mobile numbers for business purposes and enabling its users to project a more 'business credible' way of working. Customers do not have to sign up to Digi in order to use Omni, and the Omni virtual phone system is not tied to any Digi Prepaid or Postpaid plan. Anyone can subscribe to Omni, the company said. Other key benefits include the ability to monitor real-time activities via an online dashboard, route calls intelligently and set up to 50 smartphones to ring in sequence or simultaneously.

Increased employee productivity to promote growth in the virtual PBX market

Reduction in the total cost of the ownership by bringing the capital expenditure as the phone needs yearly phone fees drives the growth of the virtual PBX market. In addition, increased employee productivity and improved consumer satisfaction is strengthening the virtual PBX market. Cost savings through reduced phone and fax charges is aiding the market growth. However, mismatched hardware such as switches and equipment's are the factor curtailing the virtual PBX market during the forecast period. Furthermore, Growth in mobile telecommunication technology has enabled people to remain connected to the Internet from anywhere in the world. This has created the need to develop specialized solutions for mobile operating systems such as Android and IOS. On the other hand, increasing adoption of Telco clouds, small and medium sized enterprises are relying more on virtual PBX. This in turn is creating several growth opportunities for the key players in the Virtual PBX market over the years to come.

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Americas region to contribute to growth in the global virtual PBX market

 Americas dominated the virtual PBX market. The growth in the Americas is due to the most of the contribution from the U.S. The flexible IT support and leveraging the IT infrastructure primarily drives the majority of the companies in this region. Moreover, increasing use of cloud and internet solutions is anticipated to expand at the rapid pace in the Asia Pacific region.

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