On April 4, 2018, Yeastar, a manufacturer of VoIP PBX systems and VoIP gateways, announced that it was now among the top ten global players in the SME IPPBX market for 2017, according to a global study conducted by Frost & Sullivan.
Based on a global analysis of IPPBX hardware manufacturers, this recognition places Yeastar alongside giants such as Cisco, Avaya and Huawei. It is the first time the company has entered the global Top 10 and ranked among the three best Chinese companies, after Huawei and ZTE, since its founding in 2006.
The study forecasts that the SME IPPBX market will continue to grow, with revenue projected to reach approximately 420,4 million US dollars by 2022, at a compound annual growth rate of 0,7 % from 2018.
“Yeastar continues to exceed industry standards through a creative, customer-centric approach,” says Allan Shen, CEO of Yeastar. He adds that its robust R&D capabilities and industry-specific solutions are the main strengths that lead SMEs to choose Yeastar. He also notes that the company launched its first innovative Cloud PBX in January and is confident in the growth of this cloud solution, alongside its hardware market.
This milestone comes on the occasion of Yeastar’s 12th anniversary, marking continued evolution and growth potential for the next twelve years.
The Yeastar team supports businesses and integrators in assessing their needs, selecting an architecture, and preparing for deployment.