Global Cloud PBX Market Scope and Analysis Report by 2027
Global Cloud PBX Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2018 | US$ 5.07 Billion |
Market Size by 2027 | US$ 18.23 Billion |
Global CAGR (2018 - 2027) | 15.5% |
Historical Data | 2016-2017 |
Forecast period | 2019-2027 |
Segments Covered |
By Enterprise Size
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Key Developments:
May 2019:
Zoom Video Communications, an enterprise video-first unified communications solutions provider, and RingCentral signed a multi-year partnership extension. This extension will enable RingCentral customers to continue replacing their legacy, on-premise communications infrastructure with a best-in-class solution that leverages the combined power of RingCentral’s cloud PBX and Zoom’s video communications platform.July 2018:
8x8, Inc. announced the availability of its next-generation intelligent cloud solutions for video conferencing, contact center, voice, and team messaging, among other services. The solution was developed by integrating a contact center and a unified communication environment, especially for large enterprises. The solutions are aimed especially at the retail, healthcare, manufacturing, technology, and utility sectors.October 2017:
BroadSoft, a leading cloud-based calling and contact center service provider, agreed with Cisco for its acquisition. The acquisition is expected to boost Cisco’s capabilities for enabling robust cloud-based PBX solutions suites for their small and large empire owners.July 2017:
RingCentral announced the expansion of TELUS’ cloud communications portfolio for Canadian businesses with the introduction of TELUS Business Connect Mobile. The new cloud-based mobile offering makes the features of an enterprise-grade PBX phone system available on smartphones and tablets – eliminating the need for a landline or expensive on-premise equipment.
Report Coverage
The global cloud PBX market research report provides detailed insights into market share, size, trends, and opportunities. It briefs the role of drivers and restraints impacting market fluctuation. Besides, the industrial landscape, market overview, and global business analysis have been elaborated to help determine future business investments. Leading market players with recent developments have been highlighted, mentioning product launches, expansions, and acquisitions.