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
Alpha Telecom Services Inc
Mitel Networks Corporation
TeraGo Networks Inc
Voysis IP Solutions Inc
Birch Communications, Inc
Market segment by Type, the product can be split into
Market segment by Application, split into
Small & Micro Enterprises
Market segment by Regions/Countries, this report covers
Central & South America
The study objectives of this report are:
To analyze global Virtual PBX status, future forecast, growth opportunity, key market and key players.
To present the Virtual PBX development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Virtual PBX are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.