openPR Logo
Press release

Hosted PBX Market: Influential Factors Determining the Trajectory of the Market

12-05-2018 09:25 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Hosted PBX Market: Influential Factors Determining

Hosted private branch exchange (PBX) also referred to as virtual PBX, allows businesses to use sophisticated telephone systems without investing in the telecom equipment. The call platform is hosted at the service provider’s location. The subscribers connect via IP to the service provider for voice service. It is a cloud-based system that can be accessed via an IP network. As all services are hosted in the cloud operating costs are reduced. The service provider takes care of the hardware, software and necessary maintenance. Hosted PBX allows employees to work from home or their cellphones and still be connected to the office telephone system.

Call routing and switching is handled by service providers at their own location. Such systems can function over public switched telephone networks (PSTN) and VoIP. Like a regular telephone system, calls can be transferred or put on hold, conference calls can be set up and the phone can be answered by an automated attendant who can route callers to different departments in an organization. As per business requirements, ranging from a single user at an office to multiple users scattered across different continents, necessary solutions can be provided by hosted PBX service providers.

An Exclusive Sample of This Report https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=13799

Infrastructure costs have direct impact on profitability of companies. The key growth driver for hosted PBX market is the significant cost savings in telecom infrastructure it offers to companies. Also, as the office phone system is virtual, location constraints are eliminated. Businesses are increasingly going global and hosted PBX makes it possible for them to establish a virtual presence at locations where they do not have a physical presence. Thus, increasing number of companies are opting for these services. Traditional phone systems are also limited by the number of users they can handle. Virtual systems can expand to accommodate growing needs of a business.

With intuitive web interfaces which anybody can manage and monitor, hosted PBX system is more user friendly than traditional telephone system. The multiple security layers and failover technology offered by service providers is further likely to fuel the growth of hosted PBX technology. However, as voice quality and connections depend on Internet service, any disruptions in Internet results in loss of phone service. Furthermore, the unfamiliarity of hosted PBX users with VoIP technology and support issues from service providers pose challenges in the growth of hosted PBX market.

Download Report TOC, Figures and Tables https://www.transparencymarketresearch.com/sample/sample.php?flag=T&rep_id=13799

The hosted PBX market can be categorized in terms of organization size, end-users, and services. On the basis of organization size the market can be categorized into small and medium-size enterprises (SMEs) and large organizations. On the basis of end-users, the market can be classified into financial services, health care, retail, education, manufacturing, real estate, professional services and others. Also, on the basis of services, the market is categorized into network services, managed services, security services, unified communications and cloud & IT services.

The major companies in the hosted PBX market include XO Communications, LLC, VirtualPBX.com, Inc., Jive Canada, RingCentral, Inc., Digium, Inc., 8×8, Inc., Intermedia.net,Inc., TelePacific Communications, 3CX, Megapath, Engin, Bullseye Telecom, Nextiva, Vonage, Mitel Networks Corporation and ShoreTel Inc.

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Transparency Market Research State Tower, 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com Website: http://www.transparencymarketresearch.com Blog: https://factsntrends.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Hosted PBX Market: Influential Factors Determining the Trajectory of the Market here

News-ID: 1420353 • Views: 273

More Releases from Transparency Market Research

Pipeline Processing and Pipeline Services Market to Register a Stout Growth by E …
Overview TMR’s report on the Pipeline Processing and Pipeline Services Market is an all-important tool for stakeholders in their pursuit to discover avenues for innovation, and further undertake strategic planning for the launch of products and services. Our research report on the Pipeline Processing and Pipeline Services Market serves as a valuable guide for stakeholders. The report deep dives into demand drivers, challenges, and opportunities that are likely to influence the Pipeline
Gas to Liquids (GTL) Market to Undertake Strapping Growth by the End 2024
Overview TMR’s report on the Gas to Liquids (GTL) Market is an all-important tool for stakeholders in their pursuit to discover avenues for innovation, and further undertake strategic planning for the launch of products and services. Our research report on the Gas to Liquids (GTL) Market serves as a valuable guide for stakeholders. The report deep dives into demand drivers, challenges, and opportunities that are likely to influence the Gas to Liquids
Solar Fuel Market to Record an Exponential CAGR by 2024
Overview TMR’s report on the Solar Fuel Market is an all-important tool for stakeholders in their pursuit to discover avenues for innovation, and further undertake strategic planning for the launch of products and services. Our research report on the Solar Fuel Market serves as a valuable guide for stakeholders. The report deep dives into demand drivers, challenges, and opportunities that are likely to influence the Solar Fuel Market over the forecast period.
Oil Refinery Market Poised to Garner Maximum Revenues by 2024
Overview TMR’s report on the Oil Refinery Market is an all-important tool for stakeholders in their pursuit to discover avenues for innovation, and further undertake strategic planning for the launch of products and services. Our research report on the Oil Refinery Market serves as a valuable guide for stakeholders. The report deep dives into demand drivers, challenges, and opportunities that are likely to influence the Oil Refinery Market over the forecast period.

All 5 Releases


More Releases for PBX

Global PBX Phone System Market Insights, Forecast
The PBX Phone System market was valued at Million US$ in 2017 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for PBX Phone System Get sample copy of the report: https://www.marketdensity.com/contact?ref=Sample&reportid=49410 Table of Contents: Table of Contents 1 Study Coverage
2019-2023 Call Control (PBX-IP PBX) Market Segment by Companies - Cisco, NEC, Av …
Marketandresearch.biz has introduced a market study namely, Global Call Control (PBX-IP PBX) Market 2019, delivering complete data on the Call Control (PBX-IP PBX) market including components, for example, main players, size, SWOT analysis, business situation, and best patterns in the market. The report offers a close watch on leading competitors with strategic analysis, technological advancement, market scenarios and trend, and a comprehensive overview of the market situations in the forecast
Global PBX Phone System Sales Market By Product Type | Traditional PBX/Analogue …
Researchmoz added Most up-to-date research on "Global PBX Phone System Sales Market By Product Type | Traditional PBX/Analogue PBX, Hosted PBX and VoIP/IP PBX" to its huge collection of research reports. In this report, the global PBX Phone System market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically,
FastPBX Goes Mobile With A Business Virtual PBX Plan
FastPBX understands that today’s business owners and managers are adapting to the advances in communication technology to keep up with customer demands. To keep up with modern business owners, FastPBX is continuously adjusting to keep our customers ahead of the curve without compromising quality and savings. The Nomad Plan is a virtual pbx plan offered by FastPBX that allows entrepreneurs and small teams to receive business calls on their mobile
ECT Launches New Portal on Virtual PBX
Dedicated website to promote cloud-based PBX and centrex products Munich July 26 2012: ECT (European Computer Telecoms AG), vendor of complete solutions for value-added services in the voice and multimedia domain, announces the launch of their new website http://www.ect-virtualpbx.com for carriers and service providers that want to offer PBX functionalities hosted in their mobile network. Buying a solution from ECT enables operators to offer true fixed-mobile convergence and to compete with
Call Accounting for Mitel PBX Systems
Mitel PBX Systems are installed in thousands of hotels and motels across the nation. In fact, TEL electronics, inc. (TEL), the leading manufacturer of call accounting systems for hotels, reports that over 83% of its call accounting systems are currently interfaced to a Mitel phone system. With more than 50,000 installations since 1980, TEL clearly understands the hotel industry and recognizes Mitel as one of the leading manufacturers