Cloud PBX Market size worth $ 14.76 Billion, Globally, by 2028 at 14.17% CAGR: Verified Market Research®

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Global Cloud PBX Market Overview

The increasing adoption of cloud-based technology and the increasing number of SMEs are driving the demand for the Cloud PBX Market. Cloud PBX has several advantages, including scalability, flexibility when using additional hardware, and cost savings. Therefore, they are widely used in small and medium-sized enterprises and large enterprises. It reduces enterprise operating costs by eliminating the need for on-site equipment installation and maintenance. These are completely IT-based offsite communication systems that reduce infrastructure costs.

Cloud PBXs are widely used in IT companies, the BFSI sector, the government, and the public sector. Rapid technological development has led to new innovations in cloud PBX software, and the growing adoption of cloud computing is driving the development of the Cloud PBX Market. On the contrary, as cloud PBX is entirely internet-based, any issues with the internet connectivity can cause redundancy and quality degradation of the calls. Besides that, increasing issues of cybercrimes possess security threats to the data that are restraining the growth of the Cloud PBX Market.

Key Developments

Key Players

The major players in the market are Vonage, Microsoft, Cisco, ShoreTel Inc., Nextiva, Mega Path, and Comcast. Ring Central, Avaya, and AT&T, Inc.

Verified Market Research has segmented the Global Cloud PBX Market On the basis of Offering, Services, Enterprise Size, Application, and Geography.

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Top 5 Cloud Managed Services using internet to deliver applications

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