Global IP PBX Systems Market: Introduction
An IP PBX system is an internet protocol private branch exchange system that is used as a telephone switching system within enterprises. An IP PBX system is used for switching users of the voice over Internet protocol (VoIP) to local lines. It is connected through local and virtual phone numbers. An IP PBX system is an advanced telephonic solution over the traditional electronic private automatic branch exchange (EPABX) system.
An EPABX system is used for analog lines, while an IP PBX system is employed for advanced IP-based telephone systems. Companies are using IP PBX systems as intercoms for an IPbased telephonic network. Manufacturers of IP PBX systems offer customized systems as per the enterprise requirement based on telephone extension.
These manufacturers are providing next-generation hybrid IP PBX systems to enterprises, which allow analog connectivity and IP-based telephone connectivity on the same system. IP PBX systems offer a one-box solution for audio and video conferences. For reducing the infrastructural cost, enterprises are planning to adopt IP PBX systems as primary voice and video solution systems.
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Increasing demand for technologically advanced voice solutions among enterprises for improving the performance of IP telephonic networks is driving the market for IP PBX systems. An IP PBX system provides easy networking architecture and reduces expenses on networking products such as analog wiring systems and EPABX systems.
An IP PBX system is a cost-effective solution for enterprises. This factor is expected to fuel the market during the forecast period. Increasing demand for cloud-based PBX systems is expected to create lucrative opportunities for VoIP solution providers and virtual PBX system providers in the next few years.
High installation costs of IP PBX systems restrains the demand for these systems among small and medium enterprises. Small and medium enterprises cannot afford IP telephonic systems as intercom solutions. These companies are using free trial versions of PBX systems designed for enterprises. This factor is expected hamper the market for IP PBX systems during the forecast period.
Global IP PBX Systems Market: Competition Landscape
Sterlite Technologies Limited o
Founded in 2000, Sterlite Technologies Limited is based in Mumbai, India. Sterlite Technologies Limited is a leading company engaged in the design and manufacture of wireless networks and high-capacity converged fibers. The company provides access solutions, mobility solutions, enterprise solutions, and network modernization solutions to enterprises.
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The company also offers IP PBX systems and contact center solutions to the call center & service industry.
Vonage