What are Cloud-based Phone Systems and How Can They Save You Money?

Premise based voip system

Everyone has heard about the cloud, but no one seems to have a clear idea of exactly what it is. And when it comes to cloud-hosted phone systems, you might be forgiven for thinking you’ve accidentally strayed into the pages of a science fiction story. But cloud technology belongs to the here and now, and many people are already using it without being aware of the fact. The cloud simply refers to software and services that are run from a remote location on the Internet instead of on a local computer. The cloud also hosts world-class phone solutions for businesses.

The cloud is here
When you use services like iCloud, Dropbox, Netflix, Amazon Cloud Drive, Flickr, Google Drive, Microsoft Office 365, and Yahoo Mail, you are using the cloud. The global market for cloud equipment is growing rapidly and is projected to reach $79.1 billion by 2018. For both personal and business use, the cloud is a very popular choice.
For businesses, financial savings are one of the major advantages of moving operations to the cloud. As many as 82% of companies that moved their operations to the cloud report that it saved them money, and 14% actually downsized their IT departments after moving to the cloud.

VoIP on the cloud
Internet based phone services, or VoIP, have also moved to the cloud. Like other cloud-based services, they offer businesses many advantages, including flexibility, scalability, lower costs and access to the latest technology without major investments in IT.
With all these benefits, business and residential VoIP services are growing rapidly and are expected to maintain an annual growth rate of 15.3% until 2017, according to IBISWorld. By the end of 2015, their combined worth totaled $74.5 billion, according to a study carried out by Infonetics Research.

How can the cloud help your business?
VoIP offers world-class phone solutions for businesses with lower costs than locally-hosted systems. In fact, experts believe that by the end of 2018, just 6% of the entire population of the U.S. will have landlines, while everybody else will have migrated to mobile and VoIP.
Whether you’re looking to set up a phone system from scratch, or looking to upgrade your outdated phone system, or you just need support and service for your existing system, voip business systems will have a solution for you.
In fact, along with world-class phone solutions, VoIP business systems offer substantial savings. Cloud based business phone systems can reduce start up costs for businesses by as much as 90%, and reduce the costs of local calls by 40%.

Advanced hosted telephone technologies offer the latest technology at a fraction of the cost of traditional based phone systems. With individualized and world-class phone solutions for each business, cloud-based VoIP services are poised to transform office communications. It’s the future of work, and it’s here now.

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