Fax Services Market Size to Worth $2.8 billion Globally by 2022


Arizton’s recent market research report on Fax Services market - Global Outlook and Forecast 2017-2022, segments the market by industry sector (healthcare, financial services and mortgage companies, legal sector, manufacturing, transportation, and logistics, and other sectors), application (production and end-user), deployment model (on-premises fax solutions, cloud-based fax services, and hybrid fax solutions), user type (individuals and home office, SMEs, and large enterprises), and geography (APAC, Europe, North America, and ROW).


Request for your free sample today!


The fax services market is divided into five major segments –user type, industry, application, deployment model, and geography. The three major segments are discussed below:

Small and Medium Enterprises (SME) user type segment will grow at the highest CAGR during forecast period

The growing need for information technology to drive business growth through integrated communication and collaboration platforms at reduced operational expenditure in the SME user type segment is likely to drive market growth in the global fax services market.

The SME segment is expected to grow at a CAGR of 11.57% during the forecast period.

The integration of cloud-based fax solutions and hybrid fax services will help the SME segment to occupy a higher market share in the global fax services market over the next few years.

Production usage application segment to dominate the market size in the fax services market during forecast period

The production usage application segment in the global fax services market generated revenues of close to $1,067 million in 2016. Healthcare and financial organizations are the leading revenue generators in the market segment. The high fax volume in these industries is primarily due to regulatory compliances which help these industries occupy the largest market share in the global fax services market. The automation and integration of existing fax applications with EHR applications will boost the requirement for these services and attribute to the growth of the global fax services market during the forecast period.

Request for your free sample today!

APAC is the fastest growing region with the highest CAGR in the fax services market during forecast period

The fax services market in APAC is growing at an impressive CAGR of 13.48% during the forecast period. Countries such as India, China, and Australia are the major revenue generators in the fax services market in APAC. The growing adoption of cloud-based communication and collaboration platforms, multifunctional devices that are connected with desktop systems to send and receive faxes, and migration to hybrid fax services will drive the fax services market in the APAC region during the forecast period.

Biscom, eFax, HelloFax, SRFax, Nextiva, Open Text, RingCentral, and XMedius are the leading vendors in the fax services market.

The complete overview of the latest market research report on Fax Services Market - Global Outlook and Forecast 2017-2022 by Arizton is now available.

The report also offers a detailed study of major trends, drivers, challenges, and also provides the market size and forecast for major geographical regions and key countries.

Read more information on global fax services in the following articles:

About Arizton

Arizton – Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.

Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.


Call: +1-312-465-7864

Recent Press