Market Introduction
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.
Market Overview and Dynamics
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. 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.
Key Market Segments
In terms of enterprise size, the medium enterprises segment accounted for the largest share of the US cloud PBX market in 2019. Based on end user, the IT & Telecom segment held the major market share in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the cloud PBX market in US are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 3CX, Inc.; 8*8, Inc.; AT&T Inc.; and Avaya Inc., among others.
Reasons to buy report
US CLOUD PBX MARKET SEGMENTATION
Cloud PBX Market – by Enterprise Size
Cloud PBX Market – by End User
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 1,299.0 Million |
| Market Size by 2027 | US$ 3,262.0 Million |
| CAGR (2020 - 2027) | 10.8% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Enterprise Size
|
| Regions and Countries Covered |
United States
|
| Market leaders and key company profiles |
|
The US Cloud PBX Market is valued at US$ 1,299.0 Million in 2019, it is projected to reach US$ 3,262.0 Million by 2027.
As per our report US Cloud PBX Market, the market size is valued at US$ 1,299.0 Million in 2019, projecting it to reach US$ 3,262.0 Million by 2027. This translates to a CAGR of approximately 10.8% during the forecast period.
The US Cloud PBX Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the US Cloud PBX Market report:
The US Cloud PBX Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The US Cloud PBX Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the US Cloud PBX Market value chain can benefit from the information contained in a comprehensive market report.
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