TORONTO (PRWEB) January 08, 2020
2019 saw an upward trend in hosted PBX adoption in companies across scale, size, and industry vertical. As per a Research And Markets report, the global hosted PBX market will touch a staggering $9.50 billion by 2023. This is up from the 2018 amount of $4.73 billion. The progress means a CAGR of 14.9% in the period between 2018 and 2023.
The reason behind this tremendous spike is not hard to comprehend. The increasing shift in enterprise mobility brought about by falling bandwidth costs, BYOD systems, and rising adoption of cloud has signaled the deeper penetration of hosted PBX across businesses worldwide. Lower CAPEX associated with hosted PBX is another driving factor that makes this form of cloud based telephony a must-have for a sustainable future. Hosted PBX easily achieves the unified communications needs of a mobile workforce.
Why hosted PBX makes complete business sense?
An array of compelling reasons makes hosted PBX the choice of telephony system for a company today. There are no upfront costs on installation of hardware or systems on premise. The massive reduction in operational costs and capital expenditure is the key motivator for companies operating on thin margins and looking for more value for every dollar invested into a product or service.
The flexible pricing plan offered by hosted PBX is a plus point for the company. The predictable monthly subscription plans allow the company to draw up a realistic budget, without compromising on a world class business phone system. New age hosted PBX providers like Voiswitch offer tailored plans depending on your business needs and these will remain unchanged throughout the contract duration. Since the billing model is pay-per-user, the company is billed according to its usage in a particular period, nothing more, nothing less.
Such a system is a perfect fit for startups and SMEs who want the performance of a robust business communications system, but at a fraction of the cost of on-Prem PBX. A hosted PBX system offers a plug and play approach. There is no need for dedicated IT personnel to monitor continuous uptime as this is built into the SLA of the hosted PBX service provider. Typically, the hosted PBX system experts shoulder the responsibility of maintaining the network equipment in top shape. They will also take care of regular upgrades so that your business telephone system remains relevant to the current technological advancement .
Speaking of this service offering, the spokesperson at Voiswitch mentioned, “The hosted PBX market is gaining immense business traction due to the increasing enterprise mobility need of today’s global teams. With our hosted PBX expertise, our clients can accomplish your goal of lower CAPEX and TCO with the potential to scale as per the client’s aspirations.”
About Voiswitch
Voiswitch has core competencies in business VoIP and high speed internet services with end- to- end capabilities in this domain. Their services are popular among startups, small and medium enterprise, and multinational conglomerates. They offer a diverse range of services including hosted PBX, cloud call center, Sip trunks, and business internet. The guaranteed uptime and fast and efficient services make Voiswitch Canada’s favorite business communications service provider. Their award-winning support facility is one more reason why Canada’s businesses increasingly look up to Voiswitch and its team of experts. Its range of routers & servers, internet connections, and upstream carriers provide clients with a stellar and dependable VoIP service.