Online Fax Market Size By Product (Subscription-Based Service and Pay-Per-Use Fax Service), By Application (Large Enterprises, Small and Medium Enterprises (SMEs), and Individual & Home Office), By Geographic Scope And Forecast
Online Fax Market Size By Product (Subscription-Based Service and Pay-Per-Use Fax Service), By Application (Large Enterprises, Small and Medium Enterprises (SMEs), and Individual & Home Office), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global Online Fax Market size was valued at USD 4.18 Billion in 2024 and is projected to reach USD 12.52 Billion by 2031, growing at a CAGR of 13.06% from 2024 to 2031.
The Online Fax Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
What is Online Fax?
Faxing, remember that? It's basically sending copies of documents (text or pictures) over the phone line to a device like a printer. But nowadays, we have online fax (also called e-fax or internet fax). Think of it as a virtual fax machine that uses the internet instead of a phone line! The cool thing is you don't need to buy all that old-school equipment like fax servers or modems. Instead, you just sign up with a company that does the work for you. They turn your emails into faxes and faxes into emails – easy peasy! That's the magic of online faxing.
What's inside a industry report?
Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.
Global Online Fax Market Overview
Fax still remains a significant piece of the technology landscape and continues to play an important communications role in various industries that include finance, healthcare, and manufacturing among others. This is a leading element that has boosted the growth of the fax market, eventually supporting the growth of the global online fax market. However, The lack of skilled operators who have complete working knowledge and understanding of functionalities and applications is a key element that prohibits some small and medium enterprises from adopting online fax solutions.
Global Online Fax Market Segmentation Analysis
The Global Online Fax Market is segmented on the basis of product, application, and geography.
Online Fax Market, By Product
Subscription-Based Service
Pay-Per-Use Fax Service
Based on the product, the market is bifurcated into Subscription-Based Service and Pay-Per-Use Fax Service. Subscription-Based Service accounted for the largest market share in 2019.
Online Fax Market, By Application
Large Enterprises
Small and Medium Enterprises (SMEs)
Individual & Home Office
On the basis of application, the Global Online Fax Market has been segmented into Large Enterprises, Small and Medium Enterprises (SMEs), and Individual & Home Office. Large Enterprises accounted for the largest market share in 2019. The demand for online faxes is increasing in recent times in large enterprises, which is mainly backed by the increasing need to transmit high-volume faxes to multiple destinations at a time.
Online Fax Market, By Geography
On the basis of regional analysis, the Global Online Fax Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America is expected to hold the largest market share of Online Fax over the forecast period followed by Europe. In North America, the major factor propelling the popularity of online fax services is the security and reliability for safer transmission of information and documents.
Keyplayers in Online Fax Market
The major players in the market are OpenText, Century Link, Inc., Biscom, Inc., Retarus, Softlinx, Inc., DocuSign, and Others. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments By Major Players in the Market
Company Name
Key Development
Description
EFAX CORPORATE (J2 GLOBAL, INC.)
Acquisition
J2 Global Inc. acquired the SRFAX, a Canadian internet fax service provider at an undisclosed amount.
The acquired company operates under the Cloud services business segment.
OpenText
Product Launch
OpenText launches Cloud Edition (CE) 21.1, new API services, cloud capabilities, and major enhancements across the OpenText portfolio.
A tailored combination of industry solutions, API services, flexible delivery models, and expert managed services.
CenturyLink
Partnership
CenturyLink, Inc. (Lumen Technologies, Inc.) collaborates with IBM to enable clients to deliver cloud securely including at the edge, launches IBM cloud satellite.
CenturyLink, Inc.(Lumen Technologies, Inc.) is a key edge compute partner to integrate IBM Cloud Satellite for 180,000 enterprise locations.
Global Online Fax Market Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2021-2031
BASE YEAR
2024
FORECAST PERIOD
2024-2031
HISTORICAL PERIOD
2021-2023
UNIT
Value (USD Billion)
KEY COMPANIES PROFILED
OpenText, Century Link, Inc., Biscom, Inc., Retarus, Softlinx, Inc., DocuSign and Others.
SEGMENTS COVERED
By Product
By Application
By Geography
CUSTOMIZATION SCOPE
Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope
Research Methodology of Market Research
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .
Reasons to Purchase this Report
We dig deep into the market using both qualitative and quantitative methods, breaking it down into segments based on all sorts of things – not just money, but other factors too! We'll give you the market value (in USD Billion) for every single segment and sub-segment. Plus, we'll point out which regions and segments are likely to grow the fastest and be the big players. Our analysis will show you how the product/service is used in different regions and what's driving the market in each of them. You'll get a feel for the competitive landscape, including rankings of the major companies, recent product launches, partnerships, expansions, and acquisitions over the last five years. Speaking of companies, we'll provide detailed profiles with overviews, insights, product comparisons, and SWOT analyses for the key market participants. We also cover the current and future outlook, highlighting recent developments like growth opportunities, drivers, challenges, and restraints in both emerging and developed regions. Expect an in-depth market analysis using Porter's five forces, insights into the value chain, and a look at the market's future dynamics and growth potential. Oh, and don't forget our 6-month post-sales analyst support!
Customization of the Report
• In case of any please connect with our sales team, who will ensure that your requirements are met.
For a single, multi and corporate client license, the report will be available in PDF format.
Sample report would be given you in excel format. For more questions please contact:
Sample Report for Online Fax Market Size By Product (Subscription-Based Service and Pay-Per-Use Fax Service), By Application (Large Enterprises, Small and Medium Enterprises (SMEs), and Individual & Home Office), By Geographic Scope And Forecast
