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The global cloud PBX market was valued at US$ 5.07 Bn in 2018 and is expected to grow at a CAGR of 15.5% during the forecast period 2019 - 2027, to account to US$ 18.2 Bn by 2027NEW YORK, Nov. 11, 2019 /PRNewswire/ -- The global cloud PBX market was valued at US$ 5.07 Bn in 2018 and is expected to grow at a CAGR of 15.5% during the forecast period 2019 - 2027, to account to US$ 18.2 Bn by 2027. Factors such as advancements in cloud technology and high adoption among by SMEs are driving the cloud PBX market growth. Read the full report: https://www.reportlinker.com/p05794706/?utm_source=PRN The global cloud PBX market is substantially grown over the years, attributing to the drastic change in consumer behavior towards purchasing and payments.Asia Pacific remains the key market for cloud PBX due to the changing economies and continuous technological developments in the countries of the region. With the continuous advancements and developments in technology and improving IT infrastructure is expected to drive the cloud PBX market in Asia-Pacific countries significantly during the forecast period. The most prominent regions in global cloud PBX market in terms of market share are North America, Europe, and the Asia Pacific.The Middle East and Africa, and South America held the fourth and fifth position in terms of market shares in the cloud PBX market. The dominance of North America is majorly accountable for a significantly large number of cloud PBX market players in the US.Also, the adoption trends of newer technologies is consistently higher in the US and pertaining to the industry scenario; the country is densely populated with numerous organizations from different industries. The Asia Pacific is estimated to be the fastest growing geography during the forecast period from 2019 - 2027. The countries in the Asia Pacific are constantly witnessing the establishments of different multi-national companies as well as the emergence of national or local companies. The overall cloud PBX market size has been derived using both primary and secondary source.The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the cloud PBX market. It also provides the overview and forecast for the global cloud PBX market based on all the segmentation provided with respect to five major reasons such as North America, Europe, Asia-Pacific, Middle East & Africa, and South America.Also, primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the cloud PBX industry. Some of the key players included in the global cloud PBX market are 3CX, 8x8, Inc., AT&T Inc., Comcast Corporation, SORS Global, Avaya Inc., Voyced Ltd., Cisco, Microsoft, RingCentral, Inc., and others. Read the full report: https://www.reportlinker.com/p05794706/?utm_source=PRN About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 SOURCE Reportlinker 
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