VoIP PBX Market Expanding by Leaps and Bounds

11/19/2012- Votacall Hosted VoIP – Boston, Massachusetts- The VoIP PBX market is growing and has no signs of slowing down. There are many Legacy System providers that have switched gears and now offer VoIP PBX along with the old premise-based systems. It is clear that many companies are jumping on the VOIP PBX bandwagon as huge conglomerates such as Microsoft invested $8 billion in cash on a new Cloud Infrastructure Platform. It has showed the rest of the technology industry that the trend towards VoIP PBX and Cloud Computing is real and truly will be the telecommunication platform of the future. The companies who have been early adopters of this technology have made a great decision to stay ahead of the competition and compete in what is most likely a highly saturated industry.

Market Landscape

According to Infonetics Research, the number of seats for hosted business VoIP services is on track to more than double between 2012 and 2016. "The revenue that service providers derive from their residential and SOHO [small office/home office] VoIP subscribers still eclipses what they get from businesses, but the business segment is growing about twice as fast, due in large part to the surging popularity of SIP trunking and hosted VoIP and UC [United Communications] services,” says Diane Myers, directing analyst for VoIP and IMS at Infonetics Research. “Adoption of VoIP services
across both the residential and business segments continues to grow, and we expect strong global growth in VoIP service revenue over at least the next five years.” Myers surmises that “demand for cloud-based services helped push hosted PBX and UC service revenue up 33 percent and seats up 44 percent” last year alone.“The larger players focused on hosted VoIP also contribute to an expanding market,”says MSPmentor contributing blogger John Moore.