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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