The global demand for Cloud Fax Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
Cloud fax is a novel faxing method that relies on cloud-based internet service to send and receive faxes instead of a fax machine. The fax is sent as an attachment via an email using smartphones, laptops, or computers instead of a traditional fax machine. The fax can be received either by a fax machine or an internet fax application service, and long faxes can be exchanged globally with ease using a class of service apps. It is as safe as any online form of communication. The fax service providers are equipped with advanced security options for extra protection, which can be opted for if deemed necessary. Cloud fax can be used in a wide range of settings like healthcare, education, the financial sector, government agencies, real estate industries, and corporate offices.
Rapid deployment of internet-based services across the globe for ease of data transfer is the main driver for the growth of the cloud fax market. Since the cloud fax is a cloud-based service and is compatible with all email podiums, there will be a high demand in the coming years. The growing need for cost-effective faxing solutions, especially in real estate and legal sectors, which involve signed transactions, will further propel the market growth. The ease of use and the ability to integrate the fax service app with an ERP, desktop, or business application will be a market booster. The main restrain hindering the growth of the cloud fax market is the high cost.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of cloud fax.
The entire cloud fax market has been sub-categorized into type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Fax from the Desktop
- Fax from Email
- Fax from Web
- Individual and Home Office
- Small and Medium Enterprises
- Large Enterprises
This section covers regional segmentation which accentuates on current and future demand for cloud fax market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Cloud Fax Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the cloud fax market include OpenText, CenturyLink, Esker, eFax Corporate, Concord, Biscom, Xmedius, TELUS, GFI Software, Integra, Retarus. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.