Global Cloud PBX Market to Witness Exponential Growth through 2023, Expects MRFR in Its In-Demand Report Available at MarketPublishers.com29 Nov 2017 • by Natalie Aster
LONDON – The cloud PBX market is on the rise across all the regions. Rising number of application areas YoY and robust technological progress are fueling growth in this market on a global scale.
Regionally, North America holds the biggest share of the global cloud PBX market. the second and third positions are held by Europe and APAC, respectively.
The world’s PBX market is forecast to expand at an exponential CAGR of 23.17% during 2017-2023 to exceed USD 5.16 billion.
On the basis of services, the professional services sector accounts for the biggest share of the overall cloud PBX market and is projected to witness growth at a 24.67% CAGR up to 2023. On the basis of end-users, the market is dominated by the healthcare sector, which is predicted to increase at a 25.21% CAGR through to 2023.
Some of the leading players engaged in the cloud PBX market include ShoreTel, Microsoft Corporation, Nextiva, RingCentral, Jive Software, Vonage America, Phone.com, Avaya, ShoreTel, MegaPath and Five9.
In-demand research report by MRFR, titled “Global Cloud PBX Market Analysis & Forecast 2017 To 2023”, presents an all-round overview of the cloud PBX market with in-depth insights into the main market sectors as well as detailed coverage of the key geographical markets. This report comprises relevant data on the key market growth barriers and drivers, points out emerging trends, opportunities and challenges, reviews the leading players operating in the cloud PBX market and presents their strategic profiling, and also describes the competitive landscape. This report not only covers the historical background of the examined market but also provides a profound analysis of the actual scenario and outlines future growth prospects.
Many other in-demand research studies by this publisher are available in the MRFR online catalogue at MarketPubishers.com.