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Global Hosted Private Branch Exchange (PBX) Market Will Grow at a CAGR of 14% During 2019-2023 | TechnavioTechnavio has announced the release of their research report on the global hosted private branch exchange (PBX (News - Alert)) market for the forecast period 2019-2023. This hosted PBX market analysis report segments the market based on solution (virtual development and setup, network traffic management, virtual assistance and support, configuration and change management, and others) and geography (APAC, North America, Europe, MEA, and South America). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190415005052/en/ 
Global hosted private branch exchange (PBX) market will register a CAGR of over 14% during 2019-2023 (Graphic: Business Wire) Global hosted private branch exchange (PBX) market size will grow by almost USD 4.23 billion during 2019-2023, at a CAGR more than 14%. Artificial intelligence (AI) is extensively being incorporated at contact centers which are helping enterprises to improve customer experience. The integration of AI helps hosted PBX solutions to become more efficient and provides hosted PBX an intelligent agent facility. In addition, it can help enterprises in reducing costs and boosting efficiencies as enterprises would not have to operate contact centers 24/7 globally. Most importantly, AI will be able to automate operations and thus help to reduce the dependency on humans. The advances in network infrastructure With the increasing number of business processes and a growing global network of organizations, the need for efficient communication systems is increasing within the organization. This is propelling the adoption of virtual network technologies which can help in improving the efficiency of the business and neutralize cyber threats. These updated technologies continuously require network efficiency checks. As a result, vendors in the Hosted PBX are introducing automation and flexble techniques in their offerings over the cloud network to improve the productivity of end-user industries. The introduction of next-generation network monitoring helps enterprises to passively collect data about the traffic on their network, and servers and then automatically discover all applications. Hence, hosted PBX has become a strategic priority for several industrial organizations. Request for a FREE sample and get selected illustrations, table of contents, list of exhibits, and example pages from this report. "The penetration of Internet and wireless broadband is increasing significantly across verticals, resulting in the proliferation of social and mobility phenomenon across enterprises. The dissemination of wireless Internet is constantly rising across industries mainly due to the advanced infrastructure and technologies, such as 4G and 5G, and wireless broadband becoming cheaper by the day. The popularity of wireless PBX system has increased significantly over the years and they have amplified cloud network consumerization across verticals. Such a digital ecosystem that is engulfing enterprise and consumer technologies demands the incorporation of hosted PBX capabilities for the better operation of the entire system," says an analyst at Technavio. View a snapshot of the report for a more detailed overview of the market and the segmentation covered in this report This hosted PBX industry research report provides an in-depth analysis of the major drivers, upcoming trends, and challenges that will impact market growth over the forecast period. The report analyzes the competitive landscape and offers details on several hosted PBX manufacturers including - Some of the key topics covered in the report include: Market Landscape
Market Sizing
Five Forces Analysis Market Segmentation Geographical Segmentation
Market Drivers Market Challenges Market Trends Vendor Landscape
About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. Technavio's report library consists of more than 10,000 reports covering 800 technologies, spanning across 50 countries. Their client base includes enterprises of all sizes, including more than 100 Fortune 500 companies. Please contact our media team at [email protected] for more information
View source version on businesswire.com: https://www.businesswire.com/news/home/20190415005052/en/ |
