Cloud PBX Market Estimated to Cross US$ 68 Bn by 2030

The Cloud PBX market is projected to reach US$ 68 Bn by 2030. And registering a CAGR of around 14.1% over the forecast period 2021 – 2030.

Download Exclusive Sample of Report@ https://www.visionresearchreports.com/report/sample/38516

Major factors driving the global cloud PBX market are lower hardware/service costs, unlimited scalability, advanced calling features, voice quality, mobile integration, control over long-distance costs, etc.

The adoption of the cloud technology and the IP-based technology in enterprise communication helps to reduce the yearly expenditure on telecom systems. Telecom service providers offer managed cloud PBX services for enterprises to handle concurrent calls in enterprises or in call centers. A cloud PBX solution offers more advanced features as compared to traditional PBX used in businesses, while enabling a non-technical office administrator to easily set up systems on the server. Organizations across the globe are investing in telecom equipment such as PBX, switches, access points, and other telecom equipment to improve the service quality of communication.

Key Growth Drivers

Reduced Total Cost of Ownership (TCO):  A cloud PBX system helps reduce the total cost of ownership by bringing capital expenditure to minimal, as the system requires only the yearly fees of phones unlike an on-premise PBX solution, which needs a PBX server, annual maintenance, and in-house IT staff. There are numerous additional benefits apart from the quantifiable benefits of a cloud PBX solution that are hard to quantify such as freeing up staff time who would have been managing on-premise PBX, increased employee productivity, and improved customer satisfaction as they are able to reach an individual more quickly. Cloud PBX enhances employee productivity through a rich suite of easy?to?deploy communication capabilities. In addition, by paying monthly subscription charges, companies can convert their capital expenditure into operational expenditure. Cost savings through reduced phone and fax charges, eliminating PBX hardware requirements, and reducing administration costs are expected to boost the cloud PBX market.

Increasing demand for enterprise mobility and mobile workforce: The proliferation of mobile devices and the growing BYOD phenomenon have pushed the demand for cloud-based communication systems such as cloud PBX to serve today’s distributed and mobile workforces. On the other hand, the number of mobile workers is also increasing at a rapid pace. Cloud PBX provides employees the ability to work anywhere, at any time, from any device. According to the TMR analysis, globally, around 70% of employees use their personal device for email. Globally, around 26% of employees are productive while outside the office or home, and around 36% of employees are using more than two mobile devices to do their work.

Regional Scope

North America is expected to reach cloud adoption of more than 50% in the global PBX market by the end of 2025. In the current market scenario, the average global cloud penetration in the PBX market is only around 20%; North America has penetration of more than 30%. This is due to the strong adoption levels of cloud-based technologies by small & medium enterprises in the region, and high focus on operational cost optimization.

The cloud PBX market in Asia Pacific is expected to grow at the highest rate, due to improving economic conditions and large population, which support technological developments and growth of IT industries.  The cloud PBX market in Asia Pacific has entered a rapid expansion stage, as availability of diverse services increased across all countries, enriched service capabilities to serve different business needs of customers, and system integrators became competitive to already existing service providers. Moreover, there is a presence of local Internet service providers. China and India are expected to exhibit an incremental opportunity of US$ 4,173.6 Mn and 3,770.0 Mn, respectively. However, Rest of Asia Pacific is expected to register an opportunity of US$ 3,066 Mn, in terms of revenue. The cloud PBX market in Asia Pacific is estimated to expand significantly during the forecast period; however, dynamic regulations in several countries of the region are expected to hamper the market. South Korea, India, and Japan are the key contributing countries to the cloud PBX market in the region.

Furthermore, robust increase in both revenue and installed bases in China is a key contributing factor. Rise in communication standards of countries such as Vietnam, China, India, and Indonesia is regulated for voice revenue protection of local service providers. Regulations, such as restrictions in portability of number and the mandate to operate in-country data center restrain the global cloud PBX service providers in these countries, while local incumbents have not yet established their complete service competences.

The report provides in-depth segment analysis of the global cloud PBX market, thereby providing valuable insights at macro as well as micro levels. The analysis of major countries, which hold growth opportunities or account for significant share, has also been included as part of the geographic analysis of the cloud PBX market.

Key Players

Key players operating in the global cloud PBX market include Allworx Corporations, AT&T, Inc., Avaya Inc., Barracuda Networks Inc., T Group, BullsEye Telecom Inc., Centurylink, Cisco System Inc., D-Link System Inc., MegaPath Inc., Microsoft Corporation, Mitel Networks Corporation, NEC Corporation, Nextiva Inc., Panasonic Corporation, Polycom, RingCentral Inc., VirtualPBX.com, Inc., and Vonage America Inc.

Global Cloud PBX Market: Segmentation

Cloud PBX Market, by Service

  • Managed Services
  • Professional Services
  • Network Services
  • IT & Cloud Services

Cloud PBX Market, by Enterprise Size

  • Small & Medium Enterprises
  • Large Enterprises

Cloud PBX Market, by End User

  • BFSI
  • Retail
  • Healthcare
  • Government
  • Real Estate
  • Others

Cloud PBX Market, by Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific (APAC)
    • Japan
    • China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • Saudi Arabia
    • Kuwait
    • United Arab Emirates
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

Buy this Research Report study@ https://www.visionresearchreports.com/report/cart/38516

Research Methodology

The research methodology adopted by analysts for compiling the global cloud PBX market report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.

During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.

For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global cloud PBX market.

Table of Contents

Chapter 1.    Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.    Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.    Executive Summary

3.1.  Market Snapshot

Chapter 4.    Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.     Raw Material Procurement Analysis

4.3.2.     Sales and Distribution Channel Analysis

4.3.3.     Downstream Buyer Analysis

Chapter 5.    Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.     Market Drivers

5.1.2.     Market Restraints

5.1.3.     Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.     Bargaining power of suppliers

5.2.2.     Bargaining power of buyers

5.2.3.     Threat of substitute

5.2.4.     Threat of new entrants

5.2.5.     Degree of competition

Chapter 6.    Competitive Landscape

6.1.1.     Company Market Share/Positioning Analysis

6.1.2.     Key Strategies Adopted by Players

6.1.3.     Vendor Landscape

6.1.3.1.          List of Suppliers

6.1.3.2.          List of Buyers

Chapter 7.    Global Cloud PBX Market, By Service

7.1.  Cloud PBX Market, by Service, 2021-2030

7.1.1.     Managed Services

7.1.1.1.          Market Revenue and Forecast (2016-2030)

7.1.2.     Professional Services

7.1.2.1.          Market Revenue and Forecast (2016-2030)

7.1.3.     Network Services

7.1.3.1.          Market Revenue and Forecast (2016-2030)

7.1.4.     IT & Cloud Services

7.1.4.1.          Market Revenue and Forecast (2016-2030)

Chapter 8.    Global Cloud PBX Market, By Enterprise Size

8.1.  Cloud PBX Market, by Enterprise Size, 2021-2030

8.1.1.     Small & Medium Enterprises

8.1.1.1.          Market Revenue and Forecast (2016-2030)

8.1.2.     Large Enterprises

8.1.2.1.          Market Revenue and Forecast (2016-2030)

Chapter 9.    Global Cloud PBX Market, By End User

9.1.  Cloud PBX Market, by End User, 2021-2030

9.1.1.     BFSI

9.1.1.1.          Market Revenue and Forecast (2016-2030)

9.1.2.     Retail

9.1.2.1.          Market Revenue and Forecast (2016-2030)

9.1.3.     Healthcare

9.1.3.1.          Market Revenue and Forecast (2016-2030)

9.1.4.     Government

9.1.4.1.          Market Revenue and Forecast (2016-2030)

9.1.5.     Real Estate

9.1.5.1.          Market Revenue and Forecast (2016-2030)

9.1.6.     Others

9.1.6.1.          Market Revenue and Forecast (2016-2030)

Chapter 10.Global Cloud PBX Market, Regional Estimates and Trend Forecast

10.1.          North America

10.1.1.  Market Revenue and Forecast, by Service (2016-2030)

10.1.2.  Market Revenue and Forecast, by Enterprise Size (2016-2030)

10.1.3.  Market Revenue and Forecast, by End User (2016-2030)

10.1.4.  U.S.

10.1.4.1.       Market Revenue and Forecast, by Service (2016-2030)

10.1.4.2.       Market Revenue and Forecast, by Enterprise Size (2016-2030)

10.1.4.3.       Market Revenue and Forecast, by End User (2016-2030)

10.1.5.  Rest of North America

10.1.5.1.       Market Revenue and Forecast, by Service (2016-2030)

10.1.5.2.       Market Revenue and Forecast, by Enterprise Size (2016-2030)

10.1.5.3.       Market Revenue and Forecast, by End User (2016-2030)

10.2.          Europe

10.2.1.  Market Revenue and Forecast, by Service (2016-2030)

10.2.2.  Market Revenue and Forecast, by Enterprise Size (2016-2030)

10.2.3.  Market Revenue and Forecast, by End User (2016-2030)

10.2.4.  UK

10.2.4.1.       Market Revenue and Forecast, by Service (2016-2030)

10.2.4.2.       Market Revenue and Forecast, by Enterprise Size (2016-2030)

10.2.4.3.       Market Revenue and Forecast, by End User (2016-2030)

10.2.5.  Germany

10.2.5.1.       Market Revenue and Forecast, by Service (2016-2030)

10.2.5.2.       Market Revenue and Forecast, by Enterprise Size (2016-2030)

10.2.5.3.       Market Revenue and Forecast, by End User (2016-2030)

10.2.6.  France

10.2.6.1.       Market Revenue and Forecast, by Service (2016-2030)

10.2.6.2.       Market Revenue and Forecast, by Enterprise Size (2016-2030)

10.2.6.3.       Market Revenue and Forecast, by End User (2016-2030)

10.2.7.  Rest of Europe

10.2.7.1.       Market Revenue and Forecast, by Service (2016-2030)

10.2.7.2.       Market Revenue and Forecast, by Enterprise Size (2016-2030)

10.2.7.3.       Market Revenue and Forecast, by End User (2016-2030)

10.3.          APAC

10.3.1.  Market Revenue and Forecast, by Service (2016-2030)

10.3.2.  Market Revenue and Forecast, by Enterprise Size (2016-2030)

10.3.3.  Market Revenue and Forecast, by End User (2016-2030)

10.3.4.  India

10.3.4.1.       Market Revenue and Forecast, by Service (2016-2030)

10.3.4.2.       Market Revenue and Forecast, by Enterprise Size (2016-2030)

10.3.4.3.       Market Revenue and Forecast, by End User (2016-2030)

10.3.5.  China

10.3.5.1.       Market Revenue and Forecast, by Service (2016-2030)

10.3.5.2.       Market Revenue and Forecast, by Enterprise Size (2016-2030)

10.3.5.3.       Market Revenue and Forecast, by End User (2016-2030)

10.3.6.  Japan

10.3.6.1.       Market Revenue and Forecast, by Service (2016-2030)

10.3.6.2.       Market Revenue and Forecast, by Enterprise Size (2016-2030)

10.3.6.3.       Market Revenue and Forecast, by End User (2016-2030)

10.3.7.  Rest of APAC

10.3.7.1.       Market Revenue and Forecast, by Service (2016-2030)

10.3.7.2.       Market Revenue and Forecast, by Enterprise Size (2016-2030)

10.3.7.3.       Market Revenue and Forecast, by End User (2016-2030)

10.4.          MEA

10.4.1.  Market Revenue and Forecast, by Service (2016-2030)

10.4.2.  Market Revenue and Forecast, by Enterprise Size (2016-2030)

10.4.3.  Market Revenue and Forecast, by End User (2016-2030)

10.4.4.  GCC

10.4.4.1.       Market Revenue and Forecast, by Service (2016-2030)

10.4.4.2.       Market Revenue and Forecast, by Enterprise Size (2016-2030)

10.4.4.3.       Market Revenue and Forecast, by End User (2016-2030)

10.4.5.  North Africa

10.4.5.1.       Market Revenue and Forecast, by Service (2016-2030)

10.4.5.2.       Market Revenue and Forecast, by Enterprise Size (2016-2030)

10.4.5.3.       Market Revenue and Forecast, by End User (2016-2030)

10.4.6.  South Africa

10.4.6.1.       Market Revenue and Forecast, by Service (2016-2030)

10.4.6.2.       Market Revenue and Forecast, by Enterprise Size (2016-2030)

10.4.6.3.       Market Revenue and Forecast, by End User (2016-2030)

10.4.7.  Rest of MEA

10.4.7.1.       Market Revenue and Forecast, by Service (2016-2030)

10.4.7.2.       Market Revenue and Forecast, by Enterprise Size (2016-2030)

10.4.7.3.       Market Revenue and Forecast, by End User (2016-2030)

10.5.          Latin America

10.5.1.  Market Revenue and Forecast, by Service (2016-2030)

10.5.2.  Market Revenue and Forecast, by Enterprise Size (2016-2030)

10.5.3.  Market Revenue and Forecast, by End User (2016-2030)

10.5.4.  Brazil

10.5.4.1.       Market Revenue and Forecast, by Service (2016-2030)

10.5.4.2.       Market Revenue and Forecast, by Enterprise Size (2016-2030)

10.5.4.3.       Market Revenue and Forecast, by End User (2016-2030)

10.5.5.  Rest of LATAM

10.5.5.1.       Market Revenue and Forecast, by Service (2016-2030)

10.5.5.2.       Market Revenue and Forecast, by Enterprise Size (2016-2030)

10.5.5.3.       Market Revenue and Forecast, by End User (2016-2030)

Chapter 11.   Company Profiles

11.1.                 Allworx Corporations

11.1.1.  Company Overview

11.1.2.  Product Offerings

11.1.3.  Financial Performance

11.1.4.  Recent Initiatives

11.2.                 AT&T, Inc.

11.2.1.  Company Overview

11.2.2.  Product Offerings

11.2.3.  Financial Performance

11.2.4.  Recent Initiatives

11.3.                 Avaya Inc.

11.3.1.  Company Overview

11.3.2.  Product Offerings

11.3.3.  Financial Performance

11.3.4.  Recent Initiatives

11.4.                 Barracuda Networks Inc.

11.4.1.  Company Overview

11.4.2.  Product Offerings

11.4.3.  Financial Performance

11.4.4.  Recent Initiatives

11.5.                 T Group

11.5.1.  Company Overview

11.5.2.  Product Offerings

11.5.3.  Financial Performance

11.5.4.  Recent Initiatives

11.6.                 BullsEye Telecom Inc.

11.6.1.  Company Overview

11.6.2.  Product Offerings

11.6.3.  Financial Performance

11.6.4.  Recent Initiatives

11.7.                 Centurylink

11.7.1.  Company Overview

11.7.2.  Product Offerings

11.7.3.  Financial Performance

11.7.4.  Recent Initiatives

11.8.                 Cisco System Inc.

11.8.1.  Company Overview

11.8.2.  Product Offerings

11.8.3.  Financial Performance

11.8.4.  Recent Initiatives

11.9.                 D-Link System Inc.

11.9.1.  Company Overview

11.9.2.  Product Offerings

11.9.3.  Financial Performance

11.9.4.  Recent Initiatives

11.10.              MegaPath Inc.

11.10.1.                   Company Overview

11.10.2.                   Product Offerings

11.10.3.                   Financial Performance

11.10.4.                   Recent Initiatives

Chapter 12.   Research Methodology

12.1.                 Primary Research

12.2.                 Secondary Research

12.3.                 Assumptions

Chapter 13.   Appendix

13.1.                 About Us

13.2.                 Glossary of Terms

Buy this Research Report study@ https://www.visionresearchreports.com/report/cart/38516

Contact Us:

Vision Research Reports

Call: +1 9197 992 333

Email: sales@visionresearchreports.com