About Cloud Fax
Cloud fax market is expected to mark significant growth over forecasted period owing to increasing small medium enterprises, providing cost effective faxing solution, and technological advancement. Cloud fax uses internet to send a fax, instead of standard telephone connection. This result in reducing telephone connection charge while sending fax over internet and recipient can receive fax by fax machine or internet fax services. This helps when long faxes are regularly exchanged with overseas or distant workplaces.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
CAGR | 9.16% |
Cloud fax market is fragmented owing to the number of players present in the market. Customers are gradually shifting on cloud-based fax solution as it is cost effective as compared to the traditional fax machines. this is expected to generate lucrative opportunities in the cloud fax market. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Cloud Fax market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Open Text (United States), Century Link Communications (United States), EFax Corporate (United States), Concord (United States), Biscom, Inc. (United States), Xmedius Solutions Inc. (Canada), TELUS Communications Inc. (Canada) and Retarus Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Esker SA (France) and GFI Software (United States).
Segmentation Overview
AMA Research has segmented the market of Global Cloud Fax market by Type (Fax from the Desktop, Fax from Email, Fax from Web and Others), Application (Individual and Home Office, Small and Medium Enterprises, Large Enterprises and Others) and Region.
On the basis of geography, the market of Cloud Fax 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 Industry Vertical, the sub-segment i.e. Exhibition Industry will boost the Cloud Fax market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emphasizing on the Streamlined Faxing Process and Increasing Adoption of Internet-Based Faxing Solutions
Market Growth Drivers:
Compatible with All Email Podiums and Increasing Need of Cost-Effective Faxing solutions
Challenges:
Security Risk for Data Breaching
Restraints:
High Maintenance Cost Associated with Cloud Fax
Opportunities:
Increasing Adoption in Organizations of All Sizes and Technological Advancement in Faxing Solutions
Key Target Audience
Industry Associations, Research Organizations and Consulting Companies, Organizations, Associations and Alliances, Government Bodies Such As Regulating Authorities and Policy Makers., Market Research and Consulting Firms and Others
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.