Virtual PBX Market is expected to reach US$ 4,323 Mn by 2025 – QY Research

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This report focuses on the global Virtual PBX status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Virtual PBX development in United States, Europe and China.

VirtualPBX is a privately held communications service provider.

New report published by QY Research which offers insights on the global Virtual PBX market. The Virtual PBX market has been experiencing steady growth graph since past years. During the 2017-2025 timeline, the global market for Virtual PBX is expected to reflect a 3.1x increase in the revenue growth. In 2017 the global Virtual PBX market was valued at US$ 4,323 Mn and by the end of the assessment year (2025), it is estimated to touch a value more than US$ 13,448 Mn growing at a value CAGR of 15.24% throughout the period of forecast.

In terms of enterprise size, the market has been classified into small & micro enterprises, medium enterprises, and large enterprises. Growing adoption of hosted PBX across enterprises is expected to fuel the decrease in the price of PBX hardware and license/ subscriptions across all the regions in the coming years.

However, incompatible hardware and equipment is one of the main reasons for interruptions in the Virtual PBX service. Many old routers cannot support Virtual PBX systems and data transfer. Other network hardware such as switches could also run into compatibility issues with Virtual PBX protocols. Any obsolete network that still utilizes old and improper hardware could be a major and continuing issue and these act as restraints of the market.

 

The key players covered in this study

3CX Ltd

Alpha Telecom Services Inc

Mitel Networks Corporation

RingCentral, Inc

BroadSoft, Inc

BCE Inc

TELUS

TeraGo Networks Inc

8×8, Inc

Digitcom

AllStream, Inc

Voysis IP Solutions Inc

AstraQom

Introtel

Birch Communications, Inc

Nextiva, Inc

 

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Market segment by Type, the product can be split into

Solution

Services

 

Market segment by Application, split into

Small & Micro Enterprises

Medium Enterprises

Large Enterprises

 

Market segment by Regions/Countries, this report covers

United States

Europe

China

Japan

Southeast Asia

India

Central & South America

 

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