Europe Hosted PBX Market 2022 Industry Trends | Growth Dynamics To 2027 - PowerPoint PPT Presentation

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Europe Hosted PBX Market 2022 Industry Trends | Growth Dynamics To 2027

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Europe Hosted PBX Market size is projected to cross USD 2 Bn by 2027. Work from home initiatives as a result of the COVID-19 epidemic are driving Europe hosted PBX market forecast. Because of the considerable cost reductions provided by hosted PBX in telecom infrastructures, such as installation, operation, and maintenance expenses, there is a surge in the installation of these solutions among businesses. Blackberry Inc, AT&T Inc, CenturyLink Inc, BT Group Plc, Comcast Corporation, Cisco Systems Inc, NEC Corporation, OneConnect Services Inc, and Nextgen Inc are among the leading hosted PBX companies in Europe. – PowerPoint PPT presentation

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Title: Europe Hosted PBX Market 2022 Industry Trends | Growth Dynamics To 2027


1

Europe Hosted PBX Market is Projected to Record
CAGR of 10 by 2027
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2

Europe Hosted PBX Market size is projected to
cross USD 2 Bn by 2027. Work from home
initiatives as a result of the COVID-19 epidemic
are driving Europe hosted PBX market forecast.
Because of the considerable cost reductions
provided by hosted PBX in telecom
infrastructures, such as installation, operation,
and maintenance expenses, there is a surge in the
installation of these solutions among businesses.
Blackberry Inc, ATT Inc, CenturyLink Inc, BT
Group Plc, Comcast Corporation, Cisco Systems
Inc, NEC Corporation, OneConnect Services Inc,
and Nextgen Inc are among the leading hosted PBX
companies in Europe. The French telecom sector
is transitioning to IP telephony, generating new
opportunities for market participants. AstraQom
France, a hosted communication service in France,
has enhanced its PBX solutions with over 60
additional capabilities, with monthly prices
ranging from USD 7.34 to USD 37.92. By 2027,
France hosted PBX industry size is expected to
rise at an exponential rate owing to the gradual
migration of companies away from traditional
phone and data services toward high-quality
hosted PBX services is linked to the projected
growth.
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4
  • The integration of hosted PBX systems by large
    corporations has increased substantially, as huge
    businesses have instructed their employees to
    work remotely from home in the midst of the
    COVID-19 outbreak. With a cloud PBX system,
    businesses can respond to their clients in time,
    regardless of where their workforce is located.
    This helps them build a positive brand
    reputation. Hosted PBX solutions carry the
    potential to replace traditional phone systems in
    the future, with 73 of all corporate departments
    expected to have employees working in remote
    shift by 2028, according to Upwork. Due to the
    accelerated digitization of operations in
    established companies, Europe hosted PBX industry
    share from the large enterprises category is
    anticipated to grow significantly throughout the
    projection timeframe.
  • The Internet Protocol (IP) network is a type of
    communication network that employs Internet
    Protocol (IP) to transmit and receive messages.
    The IP network, being one of the most widely used
    networks globally, is used in Internet networks,
    Local Area Networks (LAN), and corporate
    networks. Europe hosted PBX market share from the
    network service segment is expected to grow at a
    CAGR of more than 7 through 2027, owing to
    industrial migration from conventional PSTN
    infrastructure to contemporary IP-based networks.

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5
Segments of Europe Hosted PBX Market
  • Europe Market, By Organization Service
  • Large Enterprises
  • SMEs
  • Europe Market, By Industry Vertical
  • BFSI
  • Healthcare
  • Government
  • Retail
  • Manufacturing

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About Graphical Research Graphical Research is
a business research firm that provides industry
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