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Global Enterprise Telephony Market to Benefit from Rising Demand from Government and Healthcare Sectors

Enterprise Telephony Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

 

Albany, NY -- (SBWIRE) -- 02/10/2016 -- A new featured report from Transparency Market Research (TMR), titled "Enterprise Telephony Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020", offers a detailed analysis of the trends shaping the market. According to the report, the global enterprise telephony market will be driven by several factors. One of the key factors driving the global enterprise telephony market is the growing demand for adopting unified communication solutions.

The research study also states that the increasing investment of organizations such as hotels in enterprise telephony will also positively impact the global enterprise telephony market. Moreover, the global enterprise telephony market is projected to witness a surge in demand from sectors such as transportation, BFSI, retail, IT, and other business services in the coming few years. The growing preference of small and medium businesses (SMBs) towards enterprise telephony for improving their communications will also boost the overall global enterprise telephony market. Another key factor driving the global enterprise telephony market is the introduction of advanced technology used for communications such as voice over internet protocol (VoIP).

Nevertheless, the global enterprise telephony market will be challenged by the intense competition and lack of proper standards for solutions. Other key challenges for the global enterprise telephony market are the security issues regarding data and lack of widespread network infrastructure at present.

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Besides the comprehensive analysis of the key trends, the research report on the global enterprise telephony market also offers an in-depth evaluation of the market segments. The global enterprise telephony market is segmented broadly on the basis of end use, technology, and geography. Technology-wise, the global enterprise telephony market is divided into wireless private branch exchange (WPBX), key telephone system (KTS), and IP private branch exchange. Region-wise, the global enterprise telephony market is classified into North America, Asia Pacific, Europe, and Rest of the World (RoW).

According to end use, the global enterprise telephony market is segmented into the retail industry, the BFSI sector, government organizations, and others. Presently, the government and healthcare sectors are the key consumers of enterprise telephony. In the government segment, enterprise telephony is used for providing a common platform for communication between government offices and various departments. In the healthcare sector, enterprise mobility is deployed to enable quick decision-making.

Some of the key players offering enterprise technology solutions are NEC Corporation, Cisco Systems, IBM Corporation, Alcatel-Lucent, and Microsoft Corporation. It is expected that Microsoft will play a critical role in developing enterprise telephony systems in the coming few years, while Cisco is expected to witness growth due to the rising demand for its on-premise enterprise telephony solutions.

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