3CX stormed through the last four quarters (Q4 2012 to Q3 2013 inclusive) as the fastest growing PBX vendor with call control license shipments growing by 52% year-on-year in Q3 2013, according to research from industry analyst MZA.
The developer of the Windows VoIP PBX 3CX Phone System outstripped the global PBX market which saw a 7% decline in the same period.
Will Parsons, co-reporter of MZA's Quarterly PBX/IP PBX Analysis, said: "3CX is without question a significant emerging player in the global market for PBX extensions and call control licenses. In a time where businesses budgets are often restricted due to economic constraints, the cost savings, the ease of maintenance and the full functionality of the 3CX Phone System has proved to have a wide appeal in the market place."
3CX CEO Nick Galea added: "3CX Phone System has successfully responded to the urgent need from businesses around the world for a cost-effective, software-based, Unified Communications solution.
"Our phone system offers a feature-rich, yet reliable solution, enabling companies to save money and time so that they can focus on their core business.
"In 2014 we expect 3CX to go from strength to strength as more businesses make the move from traditional proprietary PBX systems to VoIP."
According to Galea, 3CX's growth is indicative of the broader trend within the telephony market, which is seeing a shift away from traditional proprietary PBX systems to VoIP.
The research from MZA reveals a 3% increase in the IP extensions market in Western Europe in Q3 2013, with IP extensions representing 57% of the market.