NAICS Code 517111-02 - Facsimile Transmission Service
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NAICS Code 517111-02 Description (8-Digit)
Hierarchy Navigation for NAICS Code 517111-02
Parent Code (less specific)
Tools
Tools commonly used in the Facsimile Transmission Service industry for day-to-day tasks and operations.
- Fax machines
- Fax modems
- Fax servers
- Fax software
- Fax cartridges
- Fax paper
- Fax cover sheets
- Fax transmission reports
- Fax number directories
- Fax simulators
Industry Examples of Facsimile Transmission Service
Common products and services typical of NAICS Code 517111-02, illustrating the main business activities and contributions to the market.
- Medical offices
- Law firms
- Financial institutions
- Government agencies
- Real estate companies
- Insurance providers
- Educational institutions
- Non-profit organizations
- Advertising agencies
- Printing companies
Certifications, Compliance and Licenses for NAICS Code 517111-02 - Facsimile Transmission Service
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Federal Communications Commission (FCC) License: A license issued by the FCC that authorizes the operation of radio communication equipment within the United States. This license is required for businesses that operate radio communication equipment, including facsimile transmission services.
- HIPAA Compliance: The Health Insurance Portability and Accountability Act (HIPAA) requires healthcare providers to protect the privacy and security of patient information. Facsimile transmission services that handle healthcare information must be HIPAA compliant.
- Payment Card Industry Data Security Standard (PCI DSS) Compliance: The PCI DSS is a set of security standards designed to ensure that all companies that accept, process, store, or transmit credit card information maintain a secure environment. Facsimile transmission services that handle credit card information must be PCI DSS compliant.
- Electronic Signatures In Global and National Commerce Act (ESIGN) Compliance: The ESIGN Act establishes the legal validity of electronic signatures and contracts in interstate and foreign commerce. Facsimile transmission services that provide electronic signature services must be ESIGN compliant.
- Electronic Records Management (ERM) Compliance: The ERM framework provides guidelines for managing electronic records throughout their lifecycle. Facsimile transmission services that handle electronic records must be ERM compliant.
History
A concise historical narrative of NAICS Code 517111-02 covering global milestones and recent developments within the United States.
- Facsimile Transmission Service, also known as fax service, has been around since the early 20th century. The first fax machine was invented in 1843 by Alexander Bain, but it wasn't until the 1920s that the technology became commercially available. The first transatlantic fax was sent in 1924, and by the 1960s, fax machines were widely used in businesses around the world. In the 1980s and 1990s, fax machines became more affordable and accessible to the general public, leading to a surge in popularity. In recent years, the rise of digital communication has led to a decline in the use of fax machines, but they are still used in certain industries where physical signatures are required. In the United States, the use of fax machines peaked in the 1990s and early 2000s. The passage of the Electronic Signatures in Global and National Commerce Act in 2000 allowed for the use of electronic signatures, which reduced the need for physical signatures and therefore the use of fax machines. However, fax machines are still used in industries such as healthcare and law, where physical signatures are often required for legal reasons. In recent years, there has been a shift towards digital fax services, which allow for the sending and receiving of faxes through email or online portals. This has helped to modernize the industry and make it more accessible to a wider range of users.
Future Outlook for Facsimile Transmission Service
The anticipated future trajectory of the NAICS 517111-02 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Shrinking
The facsimile transmission service industry is expected to continue its decline in the USA due to the increasing popularity of digital communication methods such as email and instant messaging. The industry has been experiencing a steady decline in revenue over the past decade, and this trend is expected to continue in the coming years. However, some companies in the industry are adapting to the changing market by offering value-added services such as document management and cloud-based faxing. These companies are expected to perform better than their traditional counterparts. Overall, the future outlook for the facsimile transmission service industry in the USA is bleak, but companies that are willing to adapt to the changing market may be able to survive.
Industry Innovations for NAICS Code 517111-02
Recent groundbreaking advancements and milestones in the Facsimile Transmission Service industry, reflecting notable innovations that have reshaped its landscape.
- Online Faxing: Online faxing services have become increasingly popular in recent years, allowing users to send and receive faxes without the need for a physical fax machine. This has made the process of faxing more convenient and cost-effective.
- Cloud-Based Faxing: Cloud-based faxing services allow users to store and manage their faxes in the cloud, making it easier to access and share documents. This has become a popular option for businesses that need to share documents with remote employees or clients.
- Mobile Faxing: Mobile faxing apps have made it possible to send and receive faxes from a smartphone or tablet, making the process of faxing even more convenient.
- Integration with Other Software: Some faxing services have integrated with other software such as document management systems, making it easier to manage and share documents.
- Improved Security: Many faxing services now offer improved security features such as encryption and two-factor authentication, making it more secure to send and receive sensitive documents.
NAICS Code 517111-02 - Facsimile Transmission Service
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