Call Control Market Summary
As per Market Research Future Analysis, the Global Call Control (PBX-IP PBX) Market was valued at USD 18.88 Billion in 2023 and is projected to reach USD 48.11 Billion by 2032, growing at a CAGR of 10.77% from 2024 to 2032. Key drivers include the deployment of 5G technology, rising demand for PBX and IP PBX systems, and the trend of bring-your-own-device (BYOD) in workplaces. The market is characterized by significant investments in advanced communication technologies and the integration of IP PBX systems with business applications.
Key Market Trends & Highlights
The market is witnessing several trends that are shaping its growth trajectory.
- TDM extensions accounted for 35% of market revenue (USD 5.91 Billion) due to significant investments in TDM-based systems.
- IP extensions are the fastest-growing segment, driven by their reliability and high-quality voice transmission.
- The industrial application segment generated 70.4% of total income, highlighting its dominance in the market.
- North America holds the largest market share, driven by high adoption of unified communication technologies.
Market Size & Forecast
2023 Market Size | USD 18.88 Billion |
2024 Market Size | USD 21.22 Billion |
2032 Market Size | USD 48.11 Billion |
CAGR (2024-2032) | 10.77% |
Major Players
Key players include Cisco, Avaya, Panasonic, Mitel, Alcatel-Lucent Enterprise, NEC Corporation, Call Control LLC, Polycom LLC, EIL Global, and ERGOMAN GmbH.