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Global Cloud Fax Services Market 2019 by Company, Regions, Type and Application, Forecast to 2024
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Cloud Fax Services is a simple, cost-effective cloud-based alternative to traditional fax machines and servers. Suitable for organizations of all sizes, it provides a streamlined faxing process, while substantially lowering your overall faxing costs. Cloud fax services are services that use the internet to send and receive faxes. Cloud fax services transmit email messages with attachments as faxes to actual fax machines or other digital fax services.
The services can be hosted onsite as a private cloud solution or can be fully hosted offsite, or an organization can deploy a hybrid model. Messages are encrypted before they are sent, during processing, and during transfer, making this option as secure as a standalone fax machine. As with fax servers, this model reduces infrastructure overhead and paper-based workflows.
The global Cloud Fax Services market is expected to reach 813.36 million USD by 2024 from 461.89 million USD in 2018, growing at a CAGR of 9.89% from 2018 to 2024.
Cloud Fax Services has two types: Subscription-Based Service and Pay-Per-Use Fax Service. And Subscription-Based Service is the main types which takes up about 82.29% of the global market in 2018. And the market size will reach 695.83 million USD in 2024 from xx million USD from 2018, with the CAGR of 10.60% from 2018 to 2024.
Cloud Fax Services is mainly used by three groups: Large Enterprises, Individual and Home Office, and SMEs. And Large Enterprises are the most widely used group which takes up about 52.59% of the global market in 2018.
North America is the largest sales region of Cloud Fax Services market in the world in the past few years. North America market took up about 56.21% the global market in 2018, while Europe was 22.39%.
North America is now the key developers of Cloud Fax Services market. There are several companies，such as j2 Global, OpenText, Softlinx, CenturyLink, Biscom, Esker.
J2 Global, OpenText, CenturyLink are the key players in the global Cloud Fax Services market. Top 3 took up about 47.26% of the global market in 2018.
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