(PR Web Via Acquire Media NewsEdge) GIA announces the release of a comprehensive global report on IP PBX markets. Greater operational flexibility, reduced telephony transport costs, and enhanced ability to acclimatize organizational trends will stimulate growth in the worldwide IP PBX market. New and emerging needs to support customer requirements like offsite location support as well as improved disaster recovery and survivability options is expected to cast a shadow over the conventional PBX, propelling sales in global IP PBX market to $9.05 billion by 2015.
San Jose, CA (PRWEB), February 17, 2010 -- Strong interest in Internet Protocol Private Branch Exchange (IP PBX) as a business innovation, strategic enabler of revenue generation and cost savings, is reviving an otherwise stagnant telecommunication industry. Driving the wireless telecom sector will be the replacement of current traditional time division multiplexing (TDM) systems with newer IP PBX systems. Certain business verticals such as government, finance, medical centers, call centres, and retail channels have shown rising interest in deploying IP PBX solutions. Greenfield opportunities, expiry of hosted telephony contracts, and office re-locations and consolidations are other major factors fuelling the growth of IP PBX market. Several enterprises in Europe and North America declared plans to increase their budgets to include IP PBX and IP telephone services and systems. Majority of these enterprises intended to complete the migration to IP technology by 2012.
As enterprises demand mobile solutions and greater flexibility for their employees, the market opportunities for IP telephony will continue to extend beyond basic telephony upgrades. Service providers offering customer-focused solutions, improved reliability, attractive packages, and simplified migration from traditional technology are expected to witness increased adoption of their VoIP products and services. The market for worldwide IP PBX continues to gain traction as companies explore advancements and improvements in business processes translating to greater market opportunity. The PBX/ IP PBX industry has grown accustomed to performing better than the overall enterprise telephony market, however the latest results show it's far from immune to the recession.
In rocky economic scenario, a key migration option for enterprises is to transform their telephony systems towards IP, that is IP-enable their existing TDM-based infrastructure through integrated support of IP station ports. Through IP-enabled option, enterprises can increase the useful life of their legacy PBX systems, thus reaping the benefits of IP technology while still maintaining circuit-switched systems. This approach will also lead to a gradual evolution towards IP, thus enabling enterprises to conserve much of their capital investment in legacy equipment. Although this approach seems to be a viable strategy in current macroeconomic conditions, it will eventually lose it sheen in the long-term future, due to limited time windows and advent of newer data communications demands. For enterprises not willing to manage telephone systems due to lack of capital resources or expertise are opting for IP-Centrex PBX solution.
Hardware price reductions of IP telephony systems will turn out to be a good incentive for consumers to invest in next-generation systems and converged networks, thus encouraging faster migration to IP solutions. Small/medium business (SMB) segment offer dynamic growth opportunities for IP-PBX suppliers, and this has allowed for the rise of several global/regional enterprise voice vendors, IT vendors, broadband/ hosted VoIP vendors, and software vendors that are making the marketplace more competitive for established players.
Large commercial corporations top the end-user list for pure IP PBX systems, as stated by the new market research report on IP PBX market. On the other hand, Public sector, with large installed digital and analog phone base is largest end-user of hybrid PBX systems, which allows them to benefit from Next Generation IP solutions without replacing their existing systems. Riding on this positive note, global market for Hybrid PBX is expected to grow significantly by 2012.
Key players dominating the global IP PBX market include 3Com Corporation, Aastra Technologies Ltd, Alcatel-Lucent SA, AltiGen Communications Inc, Avaya Inc, Cisco Systems Inc, Mitel Networks Corporation, NEC Corporation, Nortel Networks Corporation, Polycom Inc, Shoretel Inc, Siemens AG, Toshiba Corporation, Verizon Business, and Vertical Communications Inc among others.
The report titled "IP PBX: A Global Market Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of industry overview, product overview, key market trends, product introductions/innovations, profiles of major players and recent industry activity. The report analyzes market data and provides analytics in value sales for North America, Japan, Europe, Asia Pacific (excluding Japan), and Rest of World. The study analyzes the IP PBX market by Pure IP PBX and Hybrid PBX.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 800 people worldwide and publishes more than 1100 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.