Press release
Increasing Adoption of Clod Computing Systems to Encourage Growth of Global SIP based IP PBX Market
A new market research study has been recently added by MarketResearchReports.biz to its huge collection of research reports. The 228-page research study, titled “SIP Based IP PBX: Market Shares, Strategies, and Forecasts, Worldwide, 2017 to 2023,” offers a detailed analysis of the market and throws light on the major factors that are predicted to influence the growth and development throughout the forecast period. In addition, the limitations and challenges that are being faced by the leading players operating in the global market for SIP based IP PBX have been addressed in the scope of the study. The product segmentation, key applications, developments, and the vendor analysis of the market have also been included in the study in order to offer a thorough overview for readers and market players.
In 2016, the SIP based voice services and equipment market for PBX phone systems, UC applications, and voice over IP gateways was worth US$14.15 bn. The market is anticipated to reach a value of US$59 billion by the end of 2023, thanks to the strong growth of the cloud computing segment. The use of SIP based IP PBX in diverse categories has been discussed in eth scope of the research study to offer a strong understanding. In addition, a detailed study of the market has been provided, along with forecast statistics with the help of penetration analysis.
Next-generation SIP Based IP PBX helps in leveraging the cloud computing software technology in order to support the advanced and next-generation communications systems. The automation of the communication process and the smart phone application comprises the wide use of analytics so as to acquire a high-quality connectivity and Internet and Things configurations. This is expected to help in leveraging social media. The research study talks about the other benefits that are associated with the use of SIP based IP PBX and the increasing application areas, which are projected to encourage the growth of the overall market throughout the forecast period.
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At present, the SIP based IP PBX are supporting FXS, FXO, ISDN-BRI, E1, T1, and SIP trunks. SIP is expected to support the versatile trunking expansions, due to which the users are able to fit into the several types of telephony environments. The research study gives a thorough overview of how several companies across the globe are fully integrated with the advanced SIP applications servers.
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Furthermore, the research study has provided a detailed analysis of the competitive landscape of the global SIP based IP PBX market. Some of the key players operating in the market across the globe are NEC, BroadSoft, Vonage, Mitel, Avaya, Huawei, Microsoft, Cisco, ShoreTel, and West Unified Communications. To offer a strong understanding, the research study throws light on the company profiles, financial overview, product portfolio, SWOT analysis, and latest developments. In addition, the business policies and tactics that are being used by these players have been included to guide the new entrants of the market.
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