Global Cloud-based PBX Market Growth (Status and Outlook) 2023-2029

Global Cloud-based PBX Market Growth (Status and Outlook) 2023-2029

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.
Analytics are playing a major part in cloud computing and VoIP worldwide, and backend analytics have become a predominant component of the VoIP cloud-based PBX model. VoIP systems that are reinforced by the cloud present the capacity to support a broad range of backend performance and management analytics. It offers data that are required for businesses to enhance their processes. Backend analytics is a tool that offers the foundation for businesses in order to ensure the competitive edge in a highly competitive enterprise market.
LPI (LP Information)' newest research report, the “Cloud-based PBX Industry Forecast” looks at past sales and reviews total world Cloud-based PBX sales in 2022, providing a comprehensive analysis by region and market sector of projected Cloud-based PBX sales for 2023 through 2029. With Cloud-based PBX sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Cloud-based PBX industry.
This Insight Report provides a comprehensive analysis of the global Cloud-based PBX landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Cloud-based PBX portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Cloud-based PBX market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Cloud-based PBX and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Cloud-based PBX.
The global Cloud-based PBX market size is projected to grow from US$ 3665.1 million in 2022 to US$ 13150 million in 2029; it is expected to grow at a CAGR of 20.0% from 2023 to 2029.
North America is the largest region market with over 50% revenue market share in Cloud-Based PBX. Europe and Asia-Pacific are follower with about 36% market share in 2019.
For the application, Large enterprises are the main application market with about 68% revenue market share in 2019.
Key players are Microsoft, Cisco, Mitel Networks, RingCentral, Verizon, MegaPath, Nextiva, 3CX, Estech Systems, 8x8, Sangoma, Panasonic, NetFortris, TPX Communications etc. Top 5 companies occupied over 59% revenue market share in 2019.
This report presents a comprehensive overview, market shares, and growth opportunities of Cloud-based PBX market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Unlimited Cloud PBX
Metered Cloud PBX
Segmentation by application
SMEs
Large Enterprises
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Microsoft
Cisco
Mitel Networks
RingCentral
Verizon
MegaPath
Nextiva
3CX
Estech Systems
8x8
Sangoma
Panasonic
NetFortris
TPX Communications

Please note: The report will take approximately 2 business days to prepare and deliver.