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The Europe Hosted Private Branch Exchange Market would witness market growth of 13.4% CAGR during the forecast period (2017 ? 2023). The hosted PBX technology is gaining prominence, as the technology is instrumental in offering a reliable and appropriate system for enterprises looking for centralized and reliable phone system, without the need to worry about onsite setup and maintenance costs. Hosted PBX solutions and associated services offer cost-free telephony features, helping empowering enterprises in saving CAPEX and OPEX. Hosted PBX is superior to the traditional telephony, as there would be no burden of the regular maintenance, and as a result, allowing the core IT team to focus on business processes.
Large enterprises can fully focus on implementing a hassle-free phone system. Services within the PBX market are evolving, as vendors are offering integrated service packages along with IP telephony solutions to address the needs of commercial clients. Based on Type, the Hosted Private Branch Exchange market segments the market into Services and Solution. Services Type includes Virtual Deployment, Setup, Configuration & Change Management; Network Traffic Management, Bandwidth Management & Optimization; Virtual Assistance & Support, Online Charging Services & Compliance Management Services, Protocol Management Services, and Others. Based on Organization Size, the market report segments the market into Small & Medium Enterprises and Large Enterprises.
Based on Vertical, the market report segments the market into IT & Telecom, Government, BFSI, Manufacturing, Retail, Healthcare, Education, and Others. Based on Countries, the Hosted Private Branch Exchange market segments the market into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the Europe Hosted Private Branch Exchange Market. Key companies profiled in the report include AT&T, Inc., Cisco Systems, Inc., 8x8, Inc., BT Group, Avaya, MegaPath, CenturyLINK Technology Solutions, Mitel Networks, Verizon Communications, Inc. (XO Communication), and TPX Communications.