Hosted PBX Market in Canada to Witness Growth at a Whopping CAGR Of 18.2% during the Forecast Period of 2017 – 2025


Published on : May 25, 2017

Albany, New York, May 25, 2017: With the growing enterprise size, need for robust communication tools also increases. Such factors have resulted in the increase in demand for hosted PBX market in Canada. The hosted PBX market in Canada is expected to witness higher demand during the forecast period 2017 to 2025. Considering this fact, a new market report titled “Hosted PBX Market - Canada Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025” has been recently published on the massive online repository of Market Research Hub (MRH). This report is a professional and in-depth analysis of the present situation and future outlook of the Hosted PBX Market in Canada.

The report predicts that the Hosted PBX Market in Canada will grow at a remarkable CAGR of 18.2% during the period 2017 to 2025, reaching US$1.75 billion by the end of 2025. Factors responsible for this growth are increasing demand for enterprise mobility and workforce and the numerous benefits offered by hosted PBX services such as elimination of additional set up costs and minimized operational expenses. Besides this, increasing adoption of wireless services in small, medium and large enterprises is also expected to fuel the demand for hosted PBX market in Canada.

Moreover, this report identifies the market dynamics such as drivers, restraints, risks and opportunities that influence the present nature of the market and can impact the future prospects of the market, along with the key indicators and trends. An attractiveness analysis has also been included for each segment and sub-segment, in order to provide a thorough understanding of the overall scenario in the hosted PBX market in Canada. Additionally, the report provides an overview of different strategies adopted by the key companies operating in the Canadian market.

The Canada’s hosted PBX market is broadly classified on the basis of enterprise size and end-use application. On the basis on enterprise size, the market is bifurcated into small and medium enterprises and large enterprises. Based on application, the major segments in the Canada’s hosted PBX market are telecom and IT, banking, financial services and insurance (BFSI), government, healthcare, hospitality, retail, education and others. The prominent companies profiled in the report include 3CX, Bell Canada, BroadConnect Technologies Inc., Mitel Networks Corporation, Cisco Systems Inc., Microsoft Corporation, Alpha Telecom Services Inc., Birch Communications, AstraQom International, Voysis IP solution Inc., Allstream Inc., Ringcentral and Telus Communications. The report concludes with the company profile section which includes details such as business strategies, SWOT analysis and product offerings.

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