COVID-19 Impact and Recovery Analysis- Cloud-based PBX Market 2020-2024 | The Growing Adoption Of Cloud-based Solutions to Boost Growth | Technavio
Technavio has been monitoring the cloud-based PBX (News - Alert) market and it is poised to grow by $23.89 bn during 2020-2024, progressing at a CAGR of almost 18% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Cloud-based PBX Market 2020-2024 (Graphic: Business Wire)
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Request for Technavio's latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the Cloud-based PBX Market Download free sample report
The market is concentrated, and the degree of concentration will accelerate during the forecast period. Avaya Holdings Corp., Cisco (News - Alert) Systems Inc., Fusion Connect Inc., LogMeIn Inc., Microsoft Corp., NEC Corp., Nextiva Inc., Panasonic Corp., RingCentral Inc., and Vonage Holdings Corp. are some of the major market participants. The growing adoption of cloud-based solutions will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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The growing adoption of cloud-based solutions has been instrumental in driving the growth of the market. However, network security issues might hamper the market growth.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/report/cloud-based-PBX-market-industry-analysis
Cloud-based PBX Market 2020-2024: Segmentation
Cloud-based PBX Market is segmented as below:
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Cloud-based PBX Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The cloud-based PBX market report covers the following areas:
This study identifies the increased popularity of VoLTE among enterprises as one of the prime reasons driving the cloud-based PBX market growth during the next few years.
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Cloud-based PBX Market 2020-2024: Key Highlights
Table of Contents:
Five Forces Analysis
Market Segmentation by End-user
Drivers, Challenges, and Trends
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