COVID-19 Impacts: Cloud-based PBX Market will Accelerate at a CAGR of over 18% through 2020-2024|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 USD 23.89 bn during 2020-2024, progressing at a CAGR of about 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. Please Request Latest Free Sample Report on COVID-19 Impact
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Avaya Holdings Corp., Cisco Systems Inc., Fusion Connect Inc., LogMeIn (News - Alert) Inc., Microsoft Corp., NEC Corp., Nextiva Inc., Panasonic Corp., RingCentral Inc., and Vonage Holdings Corp. are some of the major market participants. 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.
The growing adoption of cloud-based solutions has been instrumental in driving the growth of the market.
Cloud-based PBX Market 2020-2024 : Segmentation
Cloud-based PBX Market is segmented as below:
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Cloud-based PBX Market 220-2024 : Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our 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.
Cloud-based PBX Market 2020-2024 : Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the cloud-based PBX market, including some of the vendors such as Avaya Holdings Corp., Cisco Systems Inc., Fusion Connect Inc., LogMeIn Inc., Microsoft Corp., NEC Corp., Nextiva Inc., Panasonic Corp., RingCentral (News - Alert) Inc., and Vonage Holdings Corp. Backed with competitive intelligence and benchmarking, our research reports on the cloud-based PBX market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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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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