How To Make Your Product The Ferrari Of Hosted Private Branch Exchange (PBX) Market

The hosted private branch exchange (PBX) market size will grow by USD 4.23 billion during 2019-2023. This report offers an analysis of the market based on solution (virtual development and setup, network traffic management, virtual assistance and support, configuration and change management, and others). The hosted PBX market research report further presents in-depth insights on the growth prospects of the market across APAC, Europe, MEA, North America, and South America. The report analyzes the market’s competitive landscape and offers information on several companies including Avaya Inc., CenturyLink, Cisco Systems, Inc., NEC Corporation, and Siemens.
Below are some of the key findings from the hosted private branch exchange (PBX) market analysis report
Global Hosted Private Branch Exchange (PBX) Market
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.

Global Hosted PBX Industry Overview

The advances in network infrastructure are the key factors that will drive hosted PBX market growth in the coming years. Organizations are adopting virtual network technologies to neutralize cyber threats and improve efficiency. This is encouraging hosted PBX companies to introduce flexible techniques and automation in their offerings to enhance the productivity of end-user industries over the cloud. Hosted PBX can be automated through software-defined networks and deployed instantly on a server. It has become a strategic priority for several industrial organizations as it helps in achieving the required scalability.
The emergence of artificial intelligence and machine learning has provided an intelligent agent facility to hosted PBX. The integration of AI in hosted PBX makes the hosted PBX services smarter and more efficient. AI-based hosted PBX solutions not only enable predictive crime monitoring for the banking, financial services, and insurance industry but also improves crime spotting and prevention. The hosted PBX market will grow at a CAGR of over 14% during the forecast period. 

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