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Cloud Fax Market Size, Share, Growth, Trends, Segments, Forecast | Valuates Reports

12-24-2020 12:31 PM CET | IT, New Media & Software

Press release from: Valuates Reports

Cloud Fax Market Size, Share, Growth, Trends, Segments,

Cloud Fax 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. It lets you send and receive faxes to and from anywhere in the world via email and is fully compatible with all email platforms. It is secure, reliable and eliminates the need for fax machines, toner, paper, fax servers or dedicated fax lines.

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Cloud Fax Market Share

Cloud Fax is mainly used by three groups: Individual and home office,Small and Medium Enterprises,Large Enterprises Issuers and Investors. And Large Enterprises are the most widely used group which takes up about 49.48% of the global market in 2016. North America is the largest sales region of Cloud Fax market in the world in the past few years. North America market took up about 56.91% the global market in 2016, while Europe was 22.26%. North America is now the key developers of Cloud Fax market. There are several companies,such as OpenText,CenturyLink,eFax Corporate and TELUS.

OpenText,CenturyLink,Esker,eFax Corporate,Biscom,TELUS and Retarus are the key suppliers in the global Cloud Fax market. Top 3 took up about 56.59% of the global market in 2016.

Cloud Fax Market Size

In 2018, the global Cloud Fax market size was 420 million US$ and it is expected to reach 920 million US$ by the end of 2025, with a CAGR of 10.3% during 2019-2025.

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This report focuses on the global Cloud Fax status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Cloud Fax development in United States, Europe and China.

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Cloud Fax Market Segmentation

The key players covered in this study

• OpenText
• CenturyLink
• Esker
• eFax Corporate
• Concord
• Biscom
• Xmedius
• TELUS
• GFI Software
• Integra
• Retarus

Market segment by Type, the product can be split into

• Fax from the Desktop
• Fax from Email
• Fax from Web

Market segment by Application, split into

• Individual and Home Office
• Small and Medium Enterprises
• Large Enterprises

Market segment by Regions/Countries, this report covers

• United States
• Europe
• China
• Japan
• Southeast Asia
• India
• Central & South America

The study objectives of this report are:

• To analyze global Cloud Fax status, future forecast, growth opportunity, key market and key players.
• To present the Cloud Fax development in United States, Europe and China.
• To strategically profile the key players and comprehensively analyze their development plan and strategies.
• To define, describe and forecast the market by product type, market and key regions.

In this study, the years considered to estimate the market size of Cloud Fax are as follows:

• History Year: 2014-2018
• Base Year: 2018
• Estimated Year: 2019
• Forecast Year 2019 to 2025.

For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

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