Hosted Private Branch Exchange Market Explores New Growth Opportunities from 2018 to 2024

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Hosted Private Branch Exchange (PBX) Market
predicted to grow exponentially by 2024 Global
Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Regional Analysis of Hosted Private Branch
Exchange (PBX) Market

• North America dominates the hosted PBX market as
  the region is the largest purchaser of hosted
  PBX. These systems deliver efficient functioning
  capabilities such as enhanced web connectivity
  and efficient use of the office space and budgets
  expanding the adoption rate. Furthermore, a rise
  in the adoption of cloud services, IoT, and UC in
  the U.S. and the growth of the telecommunication
  sector also drives the hosted PBX market demand.
• APAC is anticipated to grow at a high rate in the
  hosted PBX market as the region is witnessing a
  rapid transformation of its IT infrastructure
  with rapid digitalization. The trend of
  enterprise mobility in this region is also a
  major contributor to the market growth. APAC
  holds around 60 of the market share for
  enterprise mobility followed by the UK and the
  U.S, making it important for the region to
  upgrade its traditional systems to the hosted PBX
  system.

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• Application Analysis of Hosted Private Branch
  Exchange (PBX) Market
• The hosted PBX market systems are adopted in
  various application verticals including BFSI, IT
  telecom, healthcare, manufacturing, government
  public sectors, educational, and professional
  services. The healthcare industry is the major
  end-user of the hosted PBX systems as it delivers
  enhanced communication capabilities required for
  proper patient care. It provides features such as
  real-time communication, and instant messaging,
  allowing doctors to constantly stay connected
  with their patients at any time of the day, thus
  driving their market demand.

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Competitive Market Share of Hosted Private
Branch Exchange (PBX) Market

• The hosted PBX market has been used for a wide
  array of services such as network traffic
  management services, virtual support, and
  assistance services, configuration and change
  management services, virtual deployments
  setups, online charging services, protocol
  management services and emergency call routing
  services. The virtual deployment and setup
  services hold the largest market share as it
  assists the enterprises in deploying and setting
  up the entire hosted PBX and IP systems for
  efficient functioning at reduced operating cost.
  The protocol management services are projected to
  grow at the fastest rate over the forecast
  timespan as they provide the necessary parameters
  required for securely managing the protocols and
  establishing communication between IP phones and
  traditional phones with the highest voice
  quality. The service also reduces latency and
  delays thereby managing the information along
  with quality maintenance.

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Private Branch Exchange (PBX) Market _at_
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