The degree of
competition is considerably high among the existing vendors in the
Canada hosted PBX market. Furthermore, the market exhibits
considerable opportunities for the new players to venture in.
Considering such high potential for the entry of new players, the
hosted PBX market in Canada will witness intensified competition in
the near future, prophesized Transparency Market Research (TMR) in a
new study.
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The vendors in the
market are competing through strategic collaborations and even
partnerships. Currently, Allstream, Inc., Telus Communications, Bell
Canada, Cisco System, Microsoft Corporation, and Mitel Networks
Corporation hold dominance in the Canada hosted PBX market. These
companies held nearly 54% of the Canada hosted PBX market in 2016.
Besides forging new partnerships, these companies are also working
towards expanding their offerings to gain competitive advantage. As
these strategies are forecast to reflect positively on any company’s
overall proceeds, they can considerably influence the market’s
trajectory as well.
Steps Adopted by
Government to Fuel Growth
The hosted PBX
market in Canada is primarily gaining from the country’s progress
in deploying wireless services. “With the government pulling up its
stock to make Canada a leading digital nation by the end of 2017,
there could be no dearth of opportunities for the hosted PBX market.”
said a lead TMR analyst. Considering this target, the government has
adopted several initiatives to provide high-quality spectrum to help
wireless service providers ensure improved standard of services.
Integrating the
latest technologies is therefore a key aspect observed by
organizations across Canada. Among the latest technologies to have
forayed in Canada in the last few years, adoption of IP based
services have left a lasting impact. The adoption of voice over
internet protocol (VoIP) has therefore gained pace in the country. As
the hosted PBX technology works on the basis of VoIP, which enables
PBX to connect with smartphones, personal computer, and other
technologies, proliferation of VoIP will mean lucrative opportunities
for the expansion of the hosted PBX market in Canada.
Besides adopting
hosted PBX can also help organizations minimize OPEX. Spurred by
these factors, the demand for hosted PBX is poised to soar in Canada
through the forecast period.
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Vulnerability to
Cyber-attacks could Hamper Trajectory
On the downside,
security concerns related to cloud-connectivity can negatively affect
the overall market. The recent incidents of cyber-attack and data
breaches have compelled organizations to opt for technologies that
are more secure. As VoIP and other streaming media are more
vulnerable to these attacks, smaller companies are discouraged from
adopting hosted PBX. While this could act against, the market is
projected to gain from the rising demand for VoIP with higher
bandwidth. As companies look towards maximizing their bandwidth to be
able digitally transmit greater volume of data, the demand for hosted
PBX will rise in response.
About Us :
Transparency Market
Research (TMR) is a global market intelligence company providing
business information reports and services. The company’s exclusive
blend of quantitative forecasting and trend analysis provides
forward-looking insight for thousands of decision makers. TMR’s
experienced team of analysts, researchers, and consultants use
proprietary data sources and various tools and techniques to gather
and analyze information.
TMR’s data
repository is continuously updated and revised by a team of research
experts so that it always reflects the latest trends and information.
With extensive research and analysis capabilities, Transparency
Market Research employs rigorous primary and secondary research
techniques to develop distinctive data sets and research material for
business reports.
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