IP PBX market to grow exponentially

IP PBX market to grow exponentially between 2017 and 2027, it has been forecasted.

21:27 18 October 2017

An IP PBX is a private branch exchange that switches calls between VoIP users on local lines while allowing all users to share a certain number of external lines. Due to the launch of new applications that are suitable for various large industries, it has been forecasted that IP PBX market will grow exponentially between 2017 and 2027. The major driving factors are better uptime and support as well as the integration of IP PBX technology with other advanced communication technologies. An example is the unified communication software for video and voice calling.

 

Along with the cost savings of VoIP, IP PBX also offers useful features including caller ID, call forwarding, three-way calling, and voice mail. The technology also allows voicemail messages to be forwarded to the users’ email inboxes so they can play their messages from their handheld devices or computer.

 

The key challenge for IP PBX solutions is the high cost of implementation. The technology requires hardware and software that can be supported by other advanced technologies such as call conferencing and VoIP. In addition, the technology can easily become vulnerable to hackers.