Frequently Asked Questions
The global online fax market was valued at USD 2.2 Billion in 2022.
The online fax market is expected to grow at a CAGR of 11.0% between 2023 and 2030, reaching USD 4.57 Billion in 2030.
Small and medium enterprises (SMEs) are the leading segment by material, holding over 43% share in terms of value in 2022.
The health sector segment governs the demand for online faxes in the world, holding a massive share of over 80% in 2022.
The healthcare segment is expected to post the highest CAGR during the forecast period.
North America is fueling the growth of the online fax industry, with over one-third share in 2022.
The top players include OpenText, Century Link, Inc., Biscom, Inc., Retarus, Softlinx, Inc., DocuSign, and Others.
Growing use of online fax in various industries is the major market driver.
some small and medium-sized businesses cannot embrace online fax solutions since there aren’t enough experienced operators with thorough working knowledge of the apps and functions, which are the major market restraints.
The development of cloud-based faxing technology has made the market for internet faxing more competitive are the major opportunities in the online fax industry.