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Global Port Redirector Market growing at a CAGR of 4.1% from 2023 to 2030

Category : IT And Telecommunications | Published Date : Jun 2023

Key Market Overview

The Global Port Redirector Market was valued at USD 273.09 million in 2022 and is expected to register a compound annual growth rate of 4.1% to reach USD 372.73 million in 2030.

The report highlights the increasing demand for port redirectors to ensure the security of critical IT infrastructure in organizations. Consegic Business Intelligence provides an inclusive research report on the port redirector market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.

Global Port Redirector Market By Overview

Global Port Redirector Market

The report analyses significant segments such as type, application, and region, to identify emerging trends and potential opportunities. The application segment is expected to grow due to the increasing adoption of port redirectors in access control systems to ensure safety and security of critical IT infrastructure by preventing unauthorized access to the system. Moreover, the application of port redirectors in POS systems to establish communication between barcode scanners, receipt printers, and POS software is accelerating the growth of the market.

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Market Dynamics

Driver:

 

  • The rising need for network security in organizations is driving the growth of port redirectors market.
  • The ability of port redirectors to support hybrid IT environments is propelling the growth of the market.
  • The increasing adoption of port redirectors in POS systems in accelerating the growth of the market.

 

Restraints:

  • The high cost of licensing port redirectors is restraining the growth of the market.
  • The security concerns associated with port redirectors is hindering the growth of the market.

Market Segmentation:

Report Attributes Report Details
By Type 1-port, 2-port, 4-port, 8-port, 16-port, and Others
By Application Access Control System, Attendance System, POS System, and Others
By Region North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Competitive Landscape :

The global port redirector market is highly competitive due to the presence of major players such as Moxa Inc., Digi International, Advantech, Siemens Industrial Communication, OMEGA, Korenix Technology, Sena Technologies operating in the global market. The market players are adopting new ways through product innovations, mergers and acquisitions, and business strategies to remain hold strong market position. Thus, evolving research and developments in port redirector market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various industries.

  • Moxa Inc.
  • Digi International
  • Advantech
  • Siemens Industrial Communication
  • OMEGA
  • Korenix Technology
  • Sena Technologies
  • ORing Industrial Networking Corp.
  • Silex Technology America Inc.