Virtual PBX Market Reduced Total Cost of Ownership (TCO) to Drive Market

Albany, NY -- (SBWIRE) -- 12/10/2018 -- According to a new market report related to the Virtual PBX market published by Transparency Market Research, the global Virtual PBX market is projected to reach US$ 14,368.4 Mn by 2026 driven by reduction in total cost of ownership in deploying Virtual PBX. The market is projected to expand at a CAGR of 15.3% during the forecast period from 2018 to 2026. Growth of the market is attributed to rise in demand for Virtual PBX and increase in adoption of cloud-based deployment models to offer quality services to clients. Americas is anticipated to lead the global Virtual PBX market, followed by Asia Pacific and Europe, during the forecast period. The Virtual PBX market is in an emerging stage and is anticipated to expand rapidly in the next few years.