"Regulations like the Junk Fax Prevention Act from 2005 were just the start of governmental oversight for online faxing. Continued HIPAA regulations for companies in the healthcare sector, as well as data privacy laws like the European Union's General Data Protection Regulation (GDPR), will have a continued effect on online faxing. In the coming years, expect companies like J2 Global to continue pushing for higher data security and privacy standards to meet regulations and potentially head legislators off at the pass".
The article cited AMA's "Global Cloud Fax Services Market Study" explored CAGR of %. According to the report, Adoption of FOIP (Fax over Internet)
is one of the primary growth factors for the market. Surging Shifting of Industries Towards Cloud Fax Services globally
is also expected to contribute significantly to the Cloud Fax Services market. Overall, SME
applications of Cloud Fax Services, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The End User , such as Health Sector, is boosting the Cloud Fax Services market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Fax Type, such as Fax from the Desktop, is boosting the Cloud Fax Services market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Payment Type, such as Pay-Per-Use Fax Service, is boosting the Cloud Fax Services market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Signature Type, such as Electronic Signature, is boosting the Cloud Fax Services market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Cloud Fax Services market identified that the demand is rising in many different parts of the world as "Focusing on the Internet Infrastructure to Introduce Fast and Cost-Effective Solutions
". Furthermore, some recent industry insights like "eFax Corporate Launched a Fax Router feature for digital cloud fax technology. The eFax corporate Fax Router is a customizable Windows application that allows auto-download and simultaneous distribution of faxes from multiple numbers. Based on the user-defined configuration and fax metadata, faxes can be automatically saved to folders, auto-printed, and distributed to designated departments or locations." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Cloud Fax Services market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Cloud Fax Services market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Cloud Fax Services market size is calculated using market estimation process, the Cloud Fax Services market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Cloud Fax Services market size has been validated using both top-down and bottom-up approaches.