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Hosted PBX Market is Estimated to Grow at a CAGR of 13.15% between 2020 and 2025 | TechnavioNEW YORK, Nov. 5, 2021 /PRNewswire/ -- Technavio's latest research report on the Hosted PBX Market offers a comprehensive analysis on new product launches, the latest trends, challenges, and drivers.
The hosted PBX market is estimated to grow by USD 3.91 billion from 2020 to 2025, growing at a CAGR of 13.15%. For More Insights on Hosted PBX Market - Download a FREE Sample! Market Dynamics The market is driven by advances in network infrastructure. However, bandwidth limitations are hindering market growth. The rise in popularity of SOA will have a positive impact on the growth of vendors. On the other hand, the system integration and interoperability issues is expected to reduce the growth potential in the market. Regional Analysis This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans. 41% of the market's growth will originate from North America during the forecast period. The US is a key market for hosted PBX in North America. Market growth in this region will be faster than the growth of the market in MEA and South America. Company Profiles Some of the companies covered in this report are Avaya Holdings Corp., BullsEye Telecom, Cisco Systems Inc., Comcast Corp., InterGlobe Communications Inc., Lumen Technologies Inc., Mitel Networks Corp., NEC Corp., NovoLink Communications Inc., and Sangoma Technologies Corp., etc. Competitive Analysis The competitive scenario provided in the hosted PBX market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Market Segmentation
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About Us Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contact Technavio Research
SOURCE Technavio 
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