The Internet protocol private branch exchange (IP PBX) market offers a ray of hope in the otherwise depressed European telecommunications industry. Encouraging developments in this market have seen enterprises beginning to replace their time division multiplexing (TDM) voice networks with IP enabled/converged voice data networks.
New analysis from Frost & Sullivan (http://www.telecom. frost.com) reveals that the total enterprise IP PBX market (including IP enabled PBX) demonstrated strong growth in 2003, generating a total revenue of EUR 589.35 million. It is forecast to continue expanding at a compound annual growth rate (CAGR) of 30.3 per cent to reach EUR 1.78 billion in 2008.
“The adoption of IP PBX is largely being driven by its advantages such as cheaper inter-office and branch office connectivity and the resulting enhanced productivity,” remarks Frost & Sullivan Telecom Analyst Shomik Banerjee.
Katja Feick | Frost & Sullivan
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