LONDON--(BUSINESS WIRE)--Nov 25, 2020--
The cloud-based PBX market is expected to grow by USD 23.89 bn, progressing at a CAGR of about 18% during the forecast period.
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Technavio has announced its latest market research report titled Global Cloud-based PBX Market 2020-2024 (Graphic: Business Wire)
The growing adoption of cloud-based solutions is one of the major factors propelling the market growth. However, factors such as connectivity problems will hamper market growth.
Cloud-based PBX Market: End-user Landscape
Based on the end-user, the SME segment is expected to witness lucrative growth during the forecast period.
Cloud-based PBX Market: Geographic Landscape
By geography, North America is going to have a lucrative growth during the forecast period. About 32% of the market’s overall growth is expected to originate from North America. The US is one of the critical markets for cloud-based PBX in North America.
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Key Topics Covered:
Five Forces Analysis
Market Segmentation by End-user
Drivers, Challenges, and Trends
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