Hosted PBX Market Size, | Industry Growth, Upcoming Trends And Forecast Upto 2030
Mnmlatesttrends04 Jul, 2024Technology
The global hosted PBX market size is projected to grow from USD 11.5 billion in 2023 to USD 24.9 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 16.8%. The ascendancy of the hosted PBX market is fueled by its inherent capacity to prevent the necessity for substantial initial investments inherent in traditional phone systems. By adopting a hosted PBX solution, businesses can eschew the financial burdens associated with procuring and maintaining extensive on-premises telephony infrastructure.
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