$AXLX #pennystocks The Market for Hosted PBX Systems
Recession and shrinking telecom budgets badly hit the PBX market. Recent surveys show that the SMB market is gradually embracing the Hosted PBX Systems to improve their business communication in a cost effective and efficient way.
Growing businesses are taking significant interest in the Small to Medium Business PBX Systems as a powerful telecom tool that can meet their growing demands. The trend clearly shows more and more enterprises, whether large or small are taking up Hosted PBX for their business needs.
According to a Parallels survey of 500 US based firms, The SMB market for the cloud based IT services was $8.6 billion by year end 2010. The growth in the Hosted PBX industry is projected to be $3.9 billion by 2015. In another survey based in US and UK regarding the awareness of Hosted PBX systems, the awareness and demand for the Hosted PBX Systems has greatly increased.
Market Data 
Markets 
AI
