DUBLIN--(BUSINESS WIRE)--Research and Markets(http://www.researchandmarkets.com/research/665ea3/global_enterprise) has announced the addition of the "Global Enterprise Telephony Market 2010-2014" report to their offering.
TechNavio's analysts forecast the Global Enterprise Telephony market to grow at a CAGR of 1.4 percent over the period 2010-2014. One of the key factors contributing to this market growth is the decline in prices of IP-based systems leading to high adoption of IP-based systems by enterprises across the globe. The Global Enterprise Telephony market has also been witnessing high adoption of hosted/cloud-based solutions especially by SMBs along with a decline in TDM-based telephony solutions. However, the rapid evolution of technology and high competition in the Global Enterprise Telephony market could pose a challenge to the growth of this market.
Key vendors dominating this market space include Avaya Inc., Cisco Systems Inc., Siemens AG, NEC Inc., and Alcatel-Lucent Inc.
TechNavio's report highlights the one of the major drivers in the Global Enterprise Telephony market is convergence of network. High demand for converged networks for running voice, data, and video on the same IP infrastructure is driving the Global Enterprise Telephony market. Network convergence helps in reducing the bandwidth costs for an enterprise and requires relatively easy maintenance which reduces the operating cost for organizations.
Commenting on the report, an analyst from TechNavio's Telecom team said, The Global Enterprise Telephony market is witnessing high adoption of hosted/cloud-based solutions especially by small and medium-sized businesses as it enables them to reduce their CAPEX required for developing Enterprise Telephony architecture. The market is witnessing a shift to software licensing from hardware infrastructure. The hosted model enables enterprises to purchase software license on a monthly/annual subscription without having to invest in costly hardware required to develop the infrastructure for Enterprise Telephony.
Key findings from the report: Declining prices of IP-based Systems Lack of Skilled Labor and Government Regulations Emerging Communication Solutions
For more information visit http://www.researchandmarkets.com/research/665ea3/global_enterprise