The global IP PBX market is anticipated to be valued at US$ 30,821.3 million in 2023. The demand for IP PBX is likely to rise at a CAGR of 10.4%, with a valuation surpassing US$ 83,146.8 million by 2033. Growth is attributed to the increasing demand for cloud-based PBX systems. From 2018 to 2022, a CAGR of 8.3% was registered for the IP PBX market. was registered for the IP PBX market.
| Data Points | Key Statistics |
|---|---|
| Growth Rate (2018 to 2022) | 8.3% CAGR |
| Projected Growth Rate (2023 to 2033) | 10.4% CAGR |
| Expected Market Value (2023) | US$ 30,821.3 million |
| Anticipated Forecast Value (2033) | US$ 83,146.8 million |
IP PBX market is increasing at a faster pace due to the launch of new applications that are suitable for various large industries such as the healthcare, education sector, and hospitality sector. The IP PBX is a technology-driven IP telephony for organizations that provide new communication technologies.
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Growing Need for Voice Solutions Among Enterprises to Drive the IP PBX Market
The increasing demand for technologically advanced voice solutions among enterprises for improving IP telephonic network performance is driving the IP PBX market. An IP PBX system provides easy networking architecture and reduces expenses on networking products such as analog wiring systems and EPABX systems. easy networking architecture and reduces expenses on networking products such as analog wiring systems and EPABX systems.
The major factor driving the adoption of IP PBX technology is better uptime and support. Many hosted IP PBX solution providers have started providing improved services and allowing the user to connect with another server without getting disconnected. Other driving factors are the integration of IP PBX technology with other advanced communication technologies, such as software for video and voice calling and others. This technology also includes integration with business applications such as customer relationship management to help enterprises to make better decisions.unified communication software for video and voice calling and others. This technology also includes integration with business applications such as customer relationship management to help enterprises to make better decisions.
High Cost of Implementation May Hinder the IP PBX Market Growth
The key challenge for IP PBX solutions is to implement or manage its solution. It is quite challenging to manage IP PBX due to the high cost of implementation. This technology requires hardware and software supported by other advanced technologies, such as VoIP and call conferencing. This increases the cost of its hardware and software. IP PBX technology can be easily exposed to hackers, and it is challenging to secure all the data and call history.
High installation costs of IP PBX systems restrain the demand for these systems among small and medium enterprises. Small and medium enterprises cannot afford IP telephonic systems as intercom solutions. This factor is expected to hamper the IP PBX market during the forecast period.
Principal Consultant
High Adoption of Communication Technologies in The Region to Boost the Growth of the Market
North America holds a large market share of the IP PBX market due to the high adoption of unified communication technologies and VoIP technology in many large industries, such as hospitality, BFSI, and healthcare. North America accounts for a 26.5% global IP PBX market share.
The adoption of a cloud-based platform is also positively impacting the IP PBX market as large solution providers have started providing these IP PBX solutions on the cloud to small enterprises, which is less costly. these IP PBX solutions on the cloud to small enterprises which is less in cost.
North America is expected to lead the global market in terms of revenue during the forecast period due to the presence of major players in the region. For instance, RingCentral, Inc., and Mitel announced a strategic partnership to provide Mitel’s global customer base with a seamless migration path to RingCentral’s Message Video Phone™ (MVP®) cloud communications platform.
Technological Advancement in The Region to Drive the Growth of the Market in Europe
In Europe, the market for IP PBX is witnessing a high growth rate due to the increasing demand for video conferencing platforms among businesses that can be self-hosted, cloud-hosted, and have multi-tenant deployment options. As per FMI, Europe accounted for 23.2% of total IP PBX demand in 2022.
Growth in Europe is expected to be driven by factors such as higher internet penetration and rising usage of advanced IP PBX systems and platforms by many enterprises in the country. The growing number of SMEs and increasing organization digitalization are projected to drive the IP PBX market in Europe. Enterprises in the country. The growing number of SMEs and increasing digitalization in organizations are projected to drive the IP PBX market in Europe.
The region has witnessed huge investments in wireless technologies and the rapid adoption of trending technologies like cloud, IoT, mobility, and UC. This drives the critical need for reliable connectivity and communication. Also, increasing adoption of advanced communication equipment across all industries in the region to enhance the communication experience of customers. Huge investments in wireless technologies and the rapid adoption of trending technologies, such as cloud, IoT, mobility, and UC, which drive the critical need for reliable connectivity and communication. Also, increasing adoption of advanced communication equipment across all industries in the region to enhance the communication experience of customers.
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| Country | India |
|---|---|
| Factors Influencing Growth | Rapid development in technology and growth of communication infrastructure. Growth of small and medium-sized enterprises (SMEs). Development of cost-effective communication solutions. |
| Statistics | Anticipated to Witness a CAGR of 16.5% through 2033. |
| Country | China |
|---|---|
| Factors Influencing Growth | The popularity of flexible cloud-based solutions. Rise in the telecom industry with an efficient communication system. The presence of prominent and established players. |
| Statistics | Anticipated to Expand at a CAGR of 13.4% from 2023 to 2033. |
| Country | Japan |
|---|---|
| Factors Influencing Growth | Government initiatives to promote technological adoption. Local vendors facilitate regional consumer preferences. Increased investments in the technology and IT sectors. |
| Statistics | Accounted for a Global Market Share of 2.1% in 2022. |
Asia Pacific is expected to offer a significant opportunity to the IP PBX market during the forecast period. The technological advancements in the region, along with the increasing trend of adopting VoIP solutions and services, are expected to provide added benefits to the growth of hosted PBX market.
Also, increasing initiatives undertaken by private companies and government agencies for the enhancement & development of wireless communications infrastructure and the rising adoption of cloud-based data transfer services are projected to bolster the sales of IP PBX over the forthcoming years.
The new entrants in the IP PBX market are continually indulging in several collaborations and highly investing in research and development activities to provide more convenient solutions to industry verticals. Some major startups leading the market development are Biacom Systems, Porta One, Matrix Telecom security, Nextiva, Xorcom, and Grandstream Networks, Inc.
Some key participants in the global IP PBX market include Codepi, NTES, 3CX, Huawei Technologies, Toshiba Corporation, Mitel Networks Corporation, NEC Corporation, Microsoft Corporation, and Cisco Systems, among others.Codepi, NTES, 3CX, Huawei Technologies, Toshiba Corporation, Mitel Networks Corporation, NEC Corporation, Microsoft Corporation, and Cisco Systems among others.
Due to the presence of such a high number of participants, the market is highly competitive. While global players such as Huawei Technologies, Toshiba Corporation, and Mitel Networks Corporation account for a considerable market size, several regional-level players are also operating across key growth regions, particularly in Asia Pacific.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 10.4% from 2023 to 2033 |
| Expected Market Value (2023) | US$ 30,821.3 million |
| Anticipated Forecast Value (2033) | US$ 83,146.8 million |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in US$ million, and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
|
| Regions Covered |
|
| Key Countries Profiled |
|
| Key Companies Profiled |
|
| Customization | Available Upon Request |
The IP PBX market is anticipated to reach a valuation of US$ 83,146.8 million by 2033.
North America is expected to be a lucrative growth region by 2033.
Codepi, 3CX, NTES, Huawei Technologies, Toshiba Corporation, NEC Corporation, and Microsoft Corporation are some of the prominent market manufacturers. 3CX, NTES, Huawei Technologies, Toshiba Corporation, NEC Corporation, and Microsoft Corporation are some of the prominent market manufacturers.
The market is expected to expand at a CAGR of 10.4% from 2023 to 2033.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Type, 2023 to 2033
5.3.1. Software
5.3.2. Hardware
5.3.3. Services
5.4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Type, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
6.1. Introduction
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022
6.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033
6.3.1. North America
6.3.2. Latin America
6.3.3. Western Europe
6.3.4. Eastern Europe
6.3.5. South Asia and Pacific
6.3.6. East Asia
6.3.7. Middle East and Africa
6.4. Market Attractiveness Analysis By Region
7. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
7.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
7.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
7.2.1. By Country
7.2.1.1. USA
7.2.1.2. Canada
7.2.2. By Type
7.3. Market Attractiveness Analysis
7.3.1. By Country
7.3.2. By Type
7.4. Key Takeaways
8. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
8.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Country
8.2.1.1. Brazil
8.2.1.2. Mexico
8.2.1.3. Rest of Latin America
8.2.2. By Type
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Type
8.4. Key Takeaways
9. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. Germany
9.2.1.2. UK
9.2.1.3. France
9.2.1.4. Spain
9.2.1.5. Italy
9.2.1.6. Rest of Western Europe
9.2.2. By Type
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Type
9.4. Key Takeaways
10. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Poland
10.2.1.2. Russia
10.2.1.3. Czech Republic
10.2.1.4. Romania
10.2.1.5. Rest of Eastern Europe
10.2.2. By Type
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Type
10.4. Key Takeaways
11. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. India
11.2.1.2. Bangladesh
11.2.1.3. Australia
11.2.1.4. New Zealand
11.2.1.5. Rest of South Asia and Pacific
11.2.2. By Type
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Type
11.4. Key Takeaways
12. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.2. By Type
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Type
12.4. Key Takeaways
13. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. GCC Countries
13.2.1.2. South Africa
13.2.1.3. Israel
13.2.1.4. Rest of MEA
13.2.2. By Type
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Type
13.4. Key Takeaways
14. Key Countries Market Analysis
14.1. USA
14.1.1. Pricing Analysis
14.1.2. Market Share Analysis, 2022
14.1.2.1. By Type
14.2. Canada
14.2.1. Pricing Analysis
14.2.2. Market Share Analysis, 2022
14.2.2.1. By Type
14.3. Brazil
14.3.1. Pricing Analysis
14.3.2. Market Share Analysis, 2022
14.3.2.1. By Type
14.4. Mexico
14.4.1. Pricing Analysis
14.4.2. Market Share Analysis, 2022
14.4.2.1. By Type
14.5. Germany
14.5.1. Pricing Analysis
14.5.2. Market Share Analysis, 2022
14.5.2.1. By Type
14.6. UK
14.6.1. Pricing Analysis
14.6.2. Market Share Analysis, 2022
14.6.2.1. By Type
14.7. France
14.7.1. Pricing Analysis
14.7.2. Market Share Analysis, 2022
14.7.2.1. By Type
14.8. Spain
14.8.1. Pricing Analysis
14.8.2. Market Share Analysis, 2022
14.8.2.1. By Type
14.9. Italy
14.9.1. Pricing Analysis
14.9.2. Market Share Analysis, 2022
14.9.2.1. By Type
14.10. Poland
14.10.1. Pricing Analysis
14.10.2. Market Share Analysis, 2022
14.10.2.1. By Type
14.11. Russia
14.11.1. Pricing Analysis
14.11.2. Market Share Analysis, 2022
14.11.2.1. By Type
14.12. Czech Republic
14.12.1. Pricing Analysis
14.12.2. Market Share Analysis, 2022
14.12.2.1. By Type
14.13. Romania
14.13.1. Pricing Analysis
14.13.2. Market Share Analysis, 2022
14.13.2.1. By Type
14.14. India
14.14.1. Pricing Analysis
14.14.2. Market Share Analysis, 2022
14.14.2.1. By Type
14.15. Bangladesh
14.15.1. Pricing Analysis
14.15.2. Market Share Analysis, 2022
14.15.2.1. By Type
14.16. Australia
14.16.1. Pricing Analysis
14.16.2. Market Share Analysis, 2022
14.16.2.1. By Type
14.17. New Zealand
14.17.1. Pricing Analysis
14.17.2. Market Share Analysis, 2022
14.17.2.1. By Type
14.18. China
14.18.1. Pricing Analysis
14.18.2. Market Share Analysis, 2022
14.18.2.1. By Type
14.19. Japan
14.19.1. Pricing Analysis
14.19.2. Market Share Analysis, 2022
14.19.2.1. By Type
14.20. South Korea
14.20.1. Pricing Analysis
14.20.2. Market Share Analysis, 2022
14.20.2.1. By Type
14.21. GCC Countries
14.21.1. Pricing Analysis
14.21.2. Market Share Analysis, 2022
14.21.2.1. By Type
14.22. South Africa
14.22.1. Pricing Analysis
14.22.2. Market Share Analysis, 2022
14.22.2.1. By Type
14.23. Israel
14.23.1. Pricing Analysis
14.23.2. Market Share Analysis, 2022
14.23.2.1. By Type
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Type
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. Codepi
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.1.5.2. Product Strategy
16.1.1.5.3. Channel Strategy
16.1.2. 3CX
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.2.5.2. Product Strategy
16.1.2.5.3. Channel Strategy
16.1.3. NTES
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.3.5.2. Product Strategy
16.1.3.5.3. Channel Strategy
16.1.4. Huawei
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.4.5.2. Product Strategy
16.1.4.5.3. Channel Strategy
16.1.5. Toshiba Corporation
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.5.5.2. Product Strategy
16.1.5.5.3. Channel Strategy
16.1.6. Mitel Networks Corporation
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.6.5.2. Product Strategy
16.1.6.5.3. Channel Strategy
16.1.7. NEC Corporation
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.7.5.2. Product Strategy
16.1.7.5.3. Channel Strategy
16.1.8. Microsoft Corporation
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.8.5.2. Product Strategy
16.1.8.5.3. Channel Strategy
16.1.9. Cisco Systems
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.9.5.2. Product Strategy
16.1.9.5.3. Channel Strategy
16.1.10. RingCentral
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
16.1.10.5.2. Product Strategy
16.1.10.5.3. Channel Strategy
17. Assumptions & Acronyms Used
18. Research Methodology
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IP PBX Market
