Industry Background:
Fax service is a viable option for small businesses for numerous reasons, but the main advantage is keeping costs down. With a cloud-based fax service, there's no need to purchase, operate and maintain a separate machine with its own telephone line. Without having to print documents before faxing them, the procedure of uploading files directly to the service saves time and money while reducing paper waste. Faxes frequently contain sensitive information, especially if any business works with healthcare providers or government agencies. To safeguard transmissions, most service providers comprise some form of data protection, including SSL or PGP encryption as well as password protection.This growth is primarily driven by Surging Shifting of Industries towards Cloud-Based Fax Services and Increasing in Digitization across Various Industries.
Globally, a noticeable market trend is evident Continuation of Federal Security Requirement towards Fax Services. Major Players, such as RingCentral (United States), Biscom (United States), ActFax Communication-Software GmbH (Austria), J2 Global, Inc. (United States), Esker (France), HelloFax (United States), SRFax (United States), Retarus (Germany), Nextiva (United States) and Open Text (Canada) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Regulatory Insights:
In 2005, the Junk Fax Prevention Act amended the TCPA to permit the sending of unsolicited facsimile advertisements to individuals and businesses with which the sender has an established business relationship (EBR) and to provide a process by which any sender must cease sending such advertisements upon the request of the recipient. On April 5, 2006, the Commission adopted rules to implement the Junk Fax Prevention Act. It requires the sender of fax advertisements to provide notice and contact information on the fax that allows recipients to opt-out of future fax transmissions from the sender and requires senders to honor opt-out requests within the shortest reasonable period of time, not to exceed 30 days.
Market Drivers
- Surging Shifting of Industries towards Cloud-Based Fax Services
- Increasing in Digitization across Various Industries
Market Trend
- Continuation of Federal Security Requirement towards Fax Services
Restraints
- Rising Concerns Regarding Security and Data Breaching
Opportunities
Rising Focus on the Internet Infrastructure in Developing Region
Challenges
A dearth of Skilled Professional for IT Development
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Fax Services Study Sheds Light on
The Fax Services Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Fax Services industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Fax Services industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.