There is also a strong contribution from government, education institutions, manufacturing, and law firms to the revenue of the market from across the globe. This trend will also continue during the forecast period. In terms of industry sectors, the use of online fax services is higher in the healthcare and financial sectors because of the regulatory compliance such as HIPPA and data protection laws. Healthcare sector will contribute maximum revenue Other trends explained in the report are migration to the cloud-based faxing model, availability of hybrid fax solutions, and vendor consolidation. With increasing adoption of online fax, the consumption of paper can be controlled to a large extent, which can lead to the greener and cleaner environment. Further, the report includes the latest trends and opportunities such as high preference of green offices. Reduced capital and operational expenditure through internet fax solutions, flexibility and scalability of internet fax, automation of fax workflow, and increased adoption of cloud-based communication and collaboration platform are the major factors that are going to boost the market growth. Increased adoption of cloud-based communication and collaboration platforms to drive the market growth Other prominent vendors include FaxAge, MetroFax, MyFax, Sfax, Fax.to, FAXZERO, SpeedFax, iFax, Biscom, Phaxio, Messagenet, InterFAX, PamFax, FaxBetter, Vonage, GoldFax, Moove, Retarus, XMedius, EtherFax, Esker, Softlinx, Neotel (Lqiuid Telecom), Alohi SA (FAX.PLUS), Crosby Fax, MonFax, ComFax, eComfax (Cloud Worldwide Services), OceanX Technology, Utbox, GoLogic Group (GoFax).
RingCentral, eFax, HelloFax, SRFax, Nextiva, Open Text are major vendors profiled in the report J2 Global, the owner of eFax, is a leader in the global online fax market. The market for internet faxing is becoming competitive due to the evolution of cloud-based faxing technology.
International players are likely to grow inorganically by acquiring regional or local players Further, the report also provides complete value chain analysis of the global market. This report also provides the Porter’s Five Forces analysis along with a description of each force and its impact on the market. It also provides information on some of the latest trends that have started to surface and are likely to become strong market driving forces over the next five years. The report provides a holistic view of the global market, the companies involved in the market, and the factors driving its growth. The healthcare sector in North America will witness a healthy CAGR during the forecast period. This is likely to aid in the growth of the market during the forecast period. Many organizations across the world still believe faxing is a securer way of communication than other modern methods.
The global online fax market is expected to cross $2.4 billion, growing impressively at a CAGR close to 11% during 2016−2022. Internet faxing can be termed as web-based faxing or email-based fax. Shibuya-ku, Tokyo, Japan, Japan, Jan 21, 2022, 01:35 /Comserve / - Online fax involves the use of the internet to send and receive fax documents rather than using fax machine hardware and phone lines.
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