About Fax Machine
A fax machine is a device that is used to send and receive documents electronically over a telephone network. While the internet has turn out to be a popular way in recent years to transmit documents and data, fax technology is still relevant in many situations, as it is simple, cheap and relatively fast. Still, it is being used in various applications such as office, government, household, and others.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The fax machine's competitive landscape is a tale of adaptation and resilience. While facing widespread decline due to digital advancements, fax machines find persistent value in niche markets and are evolving to stay relevant in a changing world. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Fax Machine market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Panasonic (Japan), Canon (United States), BROTHER (United States), Philips (Netherland), Sharp (United States), Ricoh (Australia), Fuji Xerox (China), Lenovo (China), TOEC (China), HP (United States) and EPSON (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Lexmark (United States), Muratec (United States), Sagemcom (France) and Kyocera (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Fax Machine market by Type (Laser fax machine, Inkjet facsimile machine and Thermal transfer fax machine), Application (Office use, Government, Household and Others) and Region.
On the basis of geography, the market of Fax Machine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Online Sales will boost the Fax Machine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Faxing Is Essential For Regulated Industries, Simplifying Fax Processes and Making Fax More Accessible Drive Usage Up, Fax is a Secure and Trusted way of Information Exchange and Rising cases of Cyber-crimes
Challenges:
Challenges like Electricity, Privacy, and Wasted Paper and Competitive Rivalry among the Players
Restraints:
The Alternatives Available to Fax Machine
Opportunities:
Emerging Fax Cloud Services and Emerging Demand from Economies
Market Leaders and their expansionary development strategies
In January 2024, Kyocera Document Solutions and Brother International announced a strategic partnership to explore collaboration in areas like research and development, manufacturing, and sales of document imaging solutions, potentially including fax machines for specialized markets.
In July 2023, Konica Minolta Business Solutions launched a new line of multifunction devices that includes fax functionality alongside printing, scanning, and copying capabilities. This highlights the shift towards integrated solutions encompassing faxing alongside other office needs.
Key Target Audience
Fax Machine Manufacturers, Fax Machine Raw Material Suppliers, Fax Machine Distributors, Fax Machine Importer/Exporter and Regulatory & Government Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.