IP PBX Market Research Report 2022 to 2032
The global IP PBX market is expected to be worth US$ 28,328.4 million in 2022, with a CAGR of 10.5% to be worth US$ 76,645.8 million from 2022 to 2032. The rising demand for cloud-based PBX solutions is fueling growth. The IP PBX market grew at a CAGR of 10.1% between 2016 and 2021. IP PBX market is increasing at a faster pace due to launch of new applications that are suitable for various large industries such as the healthcare, education sector and hospitality sector. The IP PBX is a technology-driven by IP telephony for organizations that are provisioning new communication technologies. IP PBX is a technology which allow users to switch calls between VoIP or IP users and help them in sharing a certain number of external phone lines. This technology includes features such as support to VoIP, Voice messaging and allow user to forward these voice messages to email, allow mobile convergence, phone conferencing, multi-party conferencing, and includes call history and other details. Requ