Albany, NY -- (SBWIRE) -- 09/26/2018 -- Hosted PBX allows businesses to use sophisticated telephone infrastructure including unified communication applications, intelligent call routing, VoIP calling, emergency calling, and other facilities such as video and fax without investing in actual equipment. The report is intended to help stakeholders gain information pertaining to the prevailing trends in the global hosted PBX service market. Furthermore, the report offers insights into the key strategies adopted by the market players and the impact of the same on the overall market dynamics.

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Cost incurred on developing and maintaining infrastructure have direct impact on a company's profitability. Hosted PBX services help companies save cost incurred on telecom infrastructure, which is the key factor fuelling their demand worldwide. Furthermore, because these phone systems are virtual they easily eliminate constraints pertaining to location. With businesses around the world traveling beyond boundaries to establish a global presence, the demand for hosted PBX services. These services are designed to enable businesses create virtual presence at locations where they may not have a physical presence. This has bolstered the number of companies seeking hosted PBX services.

The number of users a traditional phone system can handle is limited. Meanwhile, a virtual system can accommodate the ever-increasing needs of businesses. Also virtual systems have intuitive web interfaces, which can be monitored and managed by anyone. Also hosted PBX systems are more user-friendly than their traditional counterparts. They have multiple layers of security and services providers offer failover technology. The global hosted PBX service market will therefore gain pace in the coming years on the back of these advantages.

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On the downside, connection and voice quality to a large extent depends upon Internet service. Therefore, any disruption in the Internet may result in disconnection. Furthermore, the market is hindered to an extent by the unfamiliarity of users with the latest technologies such as VoIP and support issues. These challenges currently pose threat to the global hosted PBX service market.

The report studies in detail various factors enabling growth in the global hosted PBX service market. Besides these, it also segments the market based on various parameter such as type, application, and region. In terms of type, the global hosted PBX service market can be segmented into security services, managed services, cloud and IT services, unified communications, and others. Based on application, the market can be categorized into manufacturing, education, financial services, government, healthcare, and professional services. Regionally, the global market can be segmented into North America, Asia Pacific, Europe, Central and South America, and the Middle East and Africa.

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