The US cloud PBX market was valued at US$ 1,299.0 million in 2019 and is projected to reach US$ 3,262.0 million by 2027; it is expected to grow at a CAGR of 10.8% from 2020 to 2027.
The Business Market Insights provides you regional research analysis on “US Cloud PBX Market” and forecast to 2027. The research report provides deep insights into the regional market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the US Cloud PBX market during the forecast period, i.e., 2020–2027.
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The sales of cloud PBX are largely influenced by numerous economic and non-economic factors. The retail & manufacturing sectors are expected to have a large impact on the growth of the cloud PBX market. Also, for the retail and manufacturing industry, increasing adoption of cloud technologies is enabling high degree of services to its customers. Potentially, the BFSI and IT & Telecom sectors are expected to present larger opportunities as compared to other sectors during the forecast period.
Company Profiles3CX, inc 8X8, INC. AT&T Inc. Avaya Inc. Cisco Systems, Inc. COMCAST CORPORATION Microsoft Corporation RingCentral, Inc SORS Global Voyced Ltd
Cloud PBX market is majorly driven by increasing adoption of cloud technology across the industries and the increasing need for improved communication in business. The cloud PBX market is witnessing significant growth and is highly profitable for service providers as it takes advantage of technological advancements and its services can run across IP networks. There is a high demand for cloud PBX among small and medium enterprises, as it is cost effective and does not require hardware maintenance. Drivers impacting cloud PBX market include flexible pricing plan, no upfront cost of deployment, no manpower required for maintenance, and ability to scale up and down.
Cloud PBX Market – by Enterprise SizeSmall Enterprise Medium Enterprise
Cloud PBX Market – by End UserIT & Telecom BFSI Healthcare Retail Manufacturing Others
The study conducts SWOT analysis to evaluate strengths and weaknesses of the key player in the US Cloud PBX market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal with regard to different segments. The report predicts the influence of different industry aspects on the US Cloud PBX market segments and regions.
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The research on the US Cloud PBX market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the US Cloud PBX market on the basis of end user, product type, application, and demography for the forecast period 2020–2027. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.
This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the US Cloud PBX market.
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