Hosted PBX Market Report 2023-2032 | Growth, Trends, Key Players, and Forecast

The global Hosted PBX market size was valued at USD 11.52 billion in 2023 and is projected to reach from USD 13.49 billion in 2024 to USD 47.76 billion by 2032, growing at a CAGR of 17.1% during the forecast period (2024–2032). This growth is driven by the increasing demand for cloud-based telephony services, flexible communication solutions, and the need for cost-effective business solutions.