|09-12-2017 11:59 AM CET - IT, New Media & Software||
The global online fax market is likely to cross $2.4 billion by 2022
Press release from: Arizton Advisory & Intelligence
RingCentral, eFax, HelloFax, SRFax, Nextiva, Open Text are the major players in the market. The advancement in technology and flexibility provided by online fax vendors enable organizations to automate their fax solutions and hence is a major driver for the growth of the market. North America leads the market constituting the largest share, however, the online fax market in the APAC and RoW regions are growing immensely and will witness a healthy growth during the forecast period. While the healthcare sector is likely to contribute maximum revenue to the market, the manufacturing, transportation and logistics sectors are going to post the highest growth CAGR during the forecast period.
View Report: www.arizton.com/reports/it-media/online-fax-market
International players are likely to grow inorganically by acquiring regional or local players
The market for internet faxing is becoming competitive due to the evolution of cloud-based faxing technology. J2 Global, the owner of eFax, is a leader in the global online fax market.
RingCentral, eFax, HelloFax, SRFax, Nextiva, Open Text are major vendors profiled in the report
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).
Healthcare sector will contribute maximum revenue
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. This trend will also continue during the forecast period. There is also a strong contribution from government, education institutions, manufacturing, and law firms to the revenue of the market from across the globe. Small-scale manufacturing, transportation, and logistics providers will enable the growth of the market through adoption of online fax services during the forecast period.
Increased adoption of cloud-based communication and collaboration platforms to drive the market growth
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. Further, the report includes the latest trends and opportunities such as high preference of green offices. 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. Other trends explained in the report are migration to the cloud-based faxing model, availability of hybrid fax solutions, and vendor consolidation.
The report provides a holistic view of the global smart home hub market, the companies involved in the market, and the factors driving its growth. The report 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. This report also provides the Porter’s Five Forces analysis along with a description of each force and its impact on the market. Further the report also provides complete value chain analysis of the global point of sale terminal market.
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This release was published on openPR.
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