Online Fax Statistics

Online Fax Statistics 2023: Facts about Online Fax outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Online Fax, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

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Top Online Fax Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 10 Online Fax Statistics on this page 🙂

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Online Fax “Latest” Statistics

• Sending online fax could save up to 1 million trees or 10 billion pages of paper after shifting fax machines use by 5%.^[1]
• The market for virtual fax services is expected to grow at a CAGR of 15.2%.^[1]
• Other industry experts predict the VoIP market will expand by around 15.3% annually in the next four years.^[1]
• Certain industries in Japan see over 50% of information exchanged through fax.^[2]
• 88% of data breaches result from human mistakes, which is concerning for companies that still utilize older fax machines.^[2]
• Each year, considering energy and water, reducing paper by 5% would save 360 million gallons of water.^[1]
• Forecast global online fax market was estimated to be worth 3,174.16 million in 2019 and is expected to reach 8,340.58 million by 2027, increasing at a CAGR of 13.06% from 2020 to 2027.^[3]
• The drug enforcement administration didn’t permit electronic signatures for schedule II medicines like Ritalin and opiates, which make up roughly 10% of all prescriptions, until 2010.^[4]
• 82% of 200 large firms with over 500 employees saw workers send the same faxes daily.^[4]
• 89% of 1,513 respondents from an online forum for IT experts said they still sent faxes.^[4]

Also Read

How Useful is Online Fax

One of the biggest advantages of online faxing is its convenience. Gone are the days of dealing with bulky fax machines and paper jams. With online faxing, all you need is an internet connection and an email address to send and receive faxes from anywhere in the world. This unparalleled convenience allows businesses to communicate efficiently and effectively with clients and colleagues, regardless of their location.

Another benefit of online faxing is its cost-effectiveness. Traditional fax machines require expensive equipment and maintenance, not to mention the costs associated with paper, toner, and phone lines. On the other hand, online faxing services offer affordable monthly plans, with some even offering pay-as-you-go options. This makes it an attractive alternative for businesses looking to cut costs without sacrificing efficiency.

Moreover, online faxing is eco-friendly. By eliminating the need for paper faxes, businesses can reduce their carbon footprint and contribute to environmental sustainability. This not only benefits the planet but also promotes a more efficient and streamlined workflow within the organization.

Online faxing also offers enhanced security features, which can be crucial when dealing with sensitive or confidential information. Many online faxing services offer encryption and secure transmission protocols to ensure that your documents remain safe and protected. This provides peace of mind for businesses that prioritize data security and confidentiality.

In addition to these practical advantages, online faxing also provides scalability and flexibility. As your business grows, you can easily upgrade your online faxing plan to accommodate increased communication needs. You can also customize your faxing preferences, such as designating a specific email address for receiving faxes or setting up automatic fax archiving.

However, despite these numerous benefits, online faxing does have its limitations. While it may be convenient and cost-effective, some users may find it challenging to navigate through the digital interface and set up their faxing accounts. Additionally, internet connectivity issues could potentially disrupt the seamless transmission of faxes, causing delays and frustrations.

Another potential drawback of online faxing is the reliance on a third-party service provider. While traditional fax machines offer a self-contained solution, online faxing requires entrusting your sensitive information to an external provider. This raises concerns about data privacy and ownership, prompting some businesses to question the security of their online faxing communications.

Overall, online faxing has emerged as a valuable and efficient tool for businesses and individuals seeking a modern alternative to traditional fax machines. Its convenience, cost-effectiveness, eco-friendliness, security features, and scalability make it a practical choice for those looking to streamline their communication processes. While there are potential challenges and limitations to consider, the benefits of online faxing far outweigh the drawbacks in today’s digital age.

Reference

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1. bebusinessed – https://bebusinessed.com/online-fax/impressive-stats-of-online-fax/
2. efax – https://www.efax.com/uk/blog/is-fax-still-used
3. verifiedmarketresearch – https://www.verifiedmarketresearch.com/product/online-fax-market/
4. washingtonpost – https://www.washingtonpost.com/national/health-science/faxing-is-old-tech-so-why-is-it-also-growing-in-popularity/2019/03/08/d01c638a-2f0b-11e9-86ab-5d02109aeb01_story.html