Increasing shift towards an online platform to fuel demand in the global Virtual PBX market. The market has been witnessing the development of new technology. Fortune Business Insights has announced publishing of a report, titled “Virtual PBX Market Size, Share and Global Trend By Component (Solution & services), By Product (Network Traffic Management, Virtual Assistance and Support and others), By Geography Forecast till 2025”.
Key players are expected to emphasize integrating Artificial Intelligence in the system. This is anticipated to propel the growth in the global Virtual PBX market, said a lead analyst at Fortune Business Insights.
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Top Players List:
- 3CX Ltd.
- Alpha Telecom Services Inc.
- BCE Inc
- Mitel Networks Corporation
- AllStream Inc.
- Voysis IP Solutions Inc.
- Birch Communications Inc.
- TeraGo Networks Inc.
- and others
Integration of internet of things with the system is a major factor anticipated to fuel the demand in the market during the forecast period 2018-2025. Additionally, the rising adoption of e-financial services is expected to boost the global market.
Major Segments Mentioned:
- By Component
- By Product
- By Geography
On the contrary, the high cost associated with upgraded technology is a factor that may restrain the global Virtual PBX market.
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- North America
- Asia Pacific
- Latin America
- Middle East & Africa
As stated in the report, North America held a significant share in the market in 2017. The region is expected to witness impressive growth during the forecast period. Owing to intense research and development taking place in the region for IoT integration in the system is likely to enable the growth in the region. Besides this, Asia Pacific is expected to witness promising growth owing to the rising adoption of a sedentary lifestyle in nations such as India and China.
The report also offers insights on the key players operating in the global Virtual PBX market.
Major Table of Content for Virtual PBX Market:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Virtual PBX Market Analysis, Insights and Forecast, 2014-2025
- North America Virtual PBX Market Analysis, Insights and Forecast, 2014-2025
- Europe Virtual PBX Market Analysis, Insights and Forecast, 2014-2025
- Asia Pacific Virtual PBX Market Analysis, Insights and Forecast, 2014-2025
- The Middle East and Africa Virtual PBX Market Analysis, Insights and Forecast, 2014-2025
- Latin America Virtual PBX Market Analysis, Insights and Forecast, 2014-2025
- Competitive Landscape
- Company Profile
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