Global Cloud Fax Market Synopsis:

The Cloud Fax industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Cloud Fax market size to maintain the average annual growth rate of 0.0583950263864 from 320.0 million $ in 2014 to 425.0 million $ in 2019, Analysts believe that in the next few years, Cloud Fax market size will be further expanded, we expect that by 2024, The market size of the Cloud Fax will reach 700.0 million $.

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Nowadays Cloud Fax takes place of traditional Fax machines and server due to providing cost effective faxing solution and technological advancement and Suitable for organizations of all sizes. Cloud fax uses web to send a fax, rather than normal telephone connection. This end in reducing telephone connection charge whereas sending fax over web and recipient will receive fax by fax machine or internet fax services. This helps once long faxes are often changed with overseas or distant workplaces. It provides an efficient faxing method, whereas well lowering your overall faxing prices. It allows you to send and receive faxes to and from anyplace within the world via email and is totally compatible with all email platforms. It's secure, reliable and eliminates the requirement for fax machines, toner, paper, fax servers or dedicated fax lines.

The detailed segments and sub-segment of the Cloud Fax Market are given below:

1) Product Type Segmentation:

Wireless
Wired
2) Industry Segmentation:

Exhibition industry
Tourism industry
Ticketing industry
Advertising industry
3) Region Segmentation: (North America Country, South America, Asia Country, Europe Country)

Regional Analysis:

North America is expected to hold the largest market in the aforementioned market with the rapid adoption of technology and with the growth of the small and medium enterprises in this region. Moreover, there are growing presence of several companies such as OpenText Corp. and Telus Corporation investing in R&D and technological advancements such as growing 4G and upcoming 5G technology. These are some of the major factors boosting the demand of cloud fax market over the forecast period.

Top Leading player in Global Cloud Fax Market:

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

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Industry news: 

July 23, 2019 Esker,

ATR Successfully Moves to E-Invoicing with Esker

 A worldwide leader in AI-driven process automation solutions and pioneer in cloud computing, today announced that ATR, the world leader in the regional aviation market, has chosen Esker to automate its accounts receivable process in France. Esker’s Accounts Receivable solution has enabled ATR to automate the delivery of 70,000 customer invoices annually and significantly improve its DSO and customer satisfaction.

With an increasing number of ATR customers wanting to receive their invoices electronically, Esker was able to offer 100 percent automated invoice and reminder letter delivery — of which, 80 percent are sent via email and 20 percent via Esker’s portal.

Significant points in table of contents:

1 Cloud Fax Product Definition

2 Global Cloud Fax Market Manufacturer Share and Market Overview

3 Manufacturers Cloud Fax Business Introduction

4 Global Cloud Fax Market Segmentation (Region Level)

5 Global Cloud Fax Market Segmentation (Product Type Level)

6 Global Cloud Fax Market Segmentation (Industry Level)

7 Global Cloud Fax Market Segmentation (Channel Level)

8 Cloud Fax Market Forecast 2019-2024

9 Cloud Fax Segmentation Product Type

10 Cloud Fax Segmentation Industry

11 Cloud Fax Cost of Production Analysis

12 Conclusion

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