Serial Device Server Market Size & Industry Share - Growth Trends & Forecasts (2023 - 2030)

Report ID : CBI_1024 |  Category : IT And Telecommunications   | Published Date:     |  Format :   ms word  ms Excel  PDF

Segments Covered :
By Type Wired and Wireless
By Product Less than 2-Port, 2-Port, 4-Port, 8-Port, 16-Port, and More than 16-Port
By Application Traffic Signal Communication, Access Control System, Product Line Data Collection, and Attendance System
By End-User IT & Logistics, Healthcare, Energy & Utility, BFSI, Government, and Retail
By Region North America, Europe, Asia-Pacific, Latin America, Middle East & Africa
Report Snapshots :
Base Year: 2022
CAGR: 6.5%
Forecast Year: 2023-2030
Revenue 2022: $227.12 Mn
Revenue 2030: $367.46 Mn

Serial Device Server Market Size & Industry Share - Growth Trends & Forecasts (2023 - 2030)

Serial Device Server Market Introduction :

Serial Device Server Market is estimated to reach over USD 367.46 Million by 2030 from a value of USD 227.12 Million in 2022, growing at a CAGR of 6.5% from 2023 to 2030.

Serial Device Server Market Definition & Overview :

A serial device server also known as serial to Ethernet converter is a networking device that enables the connection and communication between serial devices and Ethernet based networks. The serial devices include a wide range of devices including printers, scanners, and industrial equipment among others. Further the serial device server has many functions including serial to ethernet conversion, remote access & management, protocol conversion, and serial device emulation among others.

Serial Device Server Market Insights :

Serial Device Server Market

Get More Information

Download Sample Report
 

Serial Device Server Market Dynamics - (DRO) :

Serial Device Server Market Dynamics

Key Drivers :

  • Increasing trend of automation of industries is driving the demand for serial device server

    Automation of industries refer to the use of the technology including robots, artificial intelligence, internet of things and machine learning among others for controlling and monitoring the processes. Growing trend of automation in industries results in the demand for serial device server. The industry uses serial device server for a wide range of applications including centralized monitoring & control, connectivity of legacy systems, and interoperability & standardization among others. Serial device servers play an important role in enabling centralized monitoring & control of industrial equipment. The serial devices help in capturing the data of the equipment for monitoring and analyzing. For instance, in March 2023, EPEVER launched EPEVER TCP 306, a serial device server to allow real-time remote monitoring of controllers and inverters. The server is designed to transfer data in real-time over large distances at high speeds consuming less power, hence contributing considerably in fueling the market growth. Thus, the growing trend of automation in industries is driving the demand for serial device server.

Key Restraint :

  • Growing shift towards wireless communication is restraining the market growth

    The growing adoption of wireless communication technologies including Wi-Fi or cellular networks across industries is resulting in reduced market growth of serial device servers. The wireless connectivity eliminates the need for physical cabling and enables direct communication between devices and networks. Additionally, serial device servers introduce an additional point of vulnerability in the network security. The devices, when not properly secured, act as an entry point for cyberattacks. Thus, owing to the above-mentioned factors the market is expected to witness limited growth during the forecast period.

Future Opportunities :

  • Increasing adoption of advanced technology including the Internet of Things, big data, and cloud computing in the healthcare industry

    The growing adoption of advanced technologies including big data, Internet of Things, and cloud computing in the healthcare sector for monitoring and diagnosis is projected to create potential opportunities for the growth of the market. The emergence of advanced technologies facilitates remote patient monitoring resulting in high demand for serial device servers to transfer the data remotely in real time over cloud-based platforms. Consequently, advanced serial device servers including USB and Wi-Fi-based servers aid in connecting and sharing devices to enable remote patient monitoring, thus creating opportunities for the growth of the market.

 

Serial Device Server Market Report Insights :

Report Attributes Report Details
Study Timeline 2017-2030
Market Size in 2030 USD 367.46 Million
CAGR (2023-2030) 6.5%
Based on the Type Wired and Wireless
Based on the Product Less than 2-Port, 2-Port, 4-Port, 8-Port, 16-Port, and More than 16-Port
Based on the Application Traffic Signal Communication, Access Control System, Product Line Data Collection, and Attendance System
Based on the End-User IT & Logistics, Healthcare, Energy & Utility, BFSI, Government, and Retail
Based on the Region North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa
Key Players 3onedata, Advantech, Atop Technologies Inc., Opengear, Inc., Comtrol Corporation, Digi International, Kyland, Moxa, OMEGA, ORing Industrial Networking Corp.

Get More Information

Download Sample Report
 

Serial Device Server Market Segmental Analysis :

Based on the Type :

The type segment is bifurcated into wired and wireless. The wired segment accounted for the largest market share in 2022 owing to the increasing application of servers in access & control systems, automated manufacturing systems, and power environment and security systems. Moreover, wired device servers ensure the reliability and stability of programmable logic devices by allowing better processing of signals. In conclusion, the increasing adoption of wired serial servers in several applications for improved data transmission over long distances is contributing significantly in driving the growth of the market. For instance, in September 2020, Da-Lite launched RS-232, a serial device server to allow wired remote control of a screen or lift through an IP connection. The product is ideal for numerous IT applications to transfer data remotely, thus contributing considerably in promoting the market growth.

The wireless segment is projected to witness the fastest CAGR in the serial device server market during the forecast period. The growth is attributed to the ability of wireless servers to remotely access and manage industrial serial devices over Wi-Fi along with offering redundant power inputs to prevent downtime in the event of a failure or power surge. Additionally, wireless servers are suitable for harsh environments as the servers are equipped with a wall mount and have rugged case design. Consequently, the ability of wireless servers to reduce downtime along with offering durability is projected to drive the growth of the wireless segment during the forecast period.

Based on the Product :

The product segment is classified into less than 2-Port, 2-Port, 4-Port, 8-Port, 16-Port, and more than 16-Port. The 2-port segment accounted for the largest market share in 2022 owing to the ability to avoid software programming errors and cost savings. Additionally, 2-port servers allow smooth communication between serial-based devices including PLC, sensors, barcode readers, and meters to an IP-based Ethernet device. Moreover, the server auto-detects and identifies the connected devices based on the baud rate settings ensuring seamless communication. Consequently, the increasing adoption of 2-port serial device servers to avoid software programming errors and to identify the connected devices is resulting in the growth of the market.

The 8-port segment is anticipated to witness the fastest CAGR in the serial device server market during the forecast period. The growth is attributed to the widespread adoption of servers in many industrial and healthcare applications to deliver affordable remote device management capabilities. In addition, the advancements in technology including the development of next-generation hybrid ethernet terminals connectivity to deliver an unprecedented level of safety and intelligence are promoting market growth. Subsequently, the aforementioned reasons including the development of advanced technology and the increasing adoption of 8-port servers in industrial and healthcare applications are expected to drive the market growth. For instance, in February 2021, Lantronix launched the EDS3000, an 8-port serial-to-Ethernet device server for industrial applications. The product is designed using advanced hybrid Ethernet terminal connectivity and zero-touch provisioning to capture, transfer, and manage the data.

Based on the Application :

The application segment is categorized into traffic signal communication, access control system, product line data collection, and attendance system. Access control systems accounted for the largest market share of 33.78% in 2022 as serial device servers enable bi-directional information transmission between the serial ports and network interfaces. Also, the adoption of high-quality device servers enhances the access control system's working efficiency. In conclusion, the ability of serial device servers to allow bi-directional information transmission to improve the efficacy of access control systems is primarily contributing in driving the market growth. For instance, in August 2021, UTEK TECHNOLOGY launched UOTEK UT-6808 Series for an access control system that supports multi-operation modes. The product is designed to offer several benefits including bi-directional information transmission, thus contributing considerably in driving the growth of the market.

Attendance system segment is anticipated to witness the fastest CAGR during the forecast period by easily transferring the attendance data to the server. In addition, several biometric devices, namely fingerprint scanners and face recognition devices employ serial communication protocols to transmit the attendance data. Consequently, the surge in the number of devices transmitting data wirelessly over cloud-based platforms increases the demand for serial servers to connect the devices. In conclusion, the ability of servers to connect various biometric devices for the efficient functioning of the attendance system is expected to drive the market growth in upcoming years.

Global Serial Device Server Market, By Application, 2022

Get More Information

Download Sample Report

Based on the End-User :

The end-user segment is divided into IT & logistics, healthcare, energy & utility, BFSI, government, and retail. IT and logistics accounted for the maximum revenue share in 2022 and is also predicted to witness the fastest CAGR during the forecast period. The application of serial device servers to transmit data securely and reliably regardless of the machine protocol is driving the market growth. Additionally, the servers also offer flexibility in network connectivity options by offering numerous serial ports to connect to networks. Moreover, the advancements in cellular connectivity to function at low bandwidth and to effectively manage communications, particularly in the IT sector, is contributing considerably in promoting the market growth. For instance, in January 2022, Digi International Inc. launched an advanced serial device server, Digi Connect EZ Family. The server is widely adopted in the IT sector and is designed to function at low bandwidth ensuring that the data is delivered accurately and seamlessly, hence, contributing significantly in promoting the market growth.

Based on the Region :

The regional segment includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

 
Asia Pacific Serial Device Server Market Size, 2022 (USD Million)

Regional Growth Insights

Download Sample Report

North America accounted for the largest revenue share in the year 2022 valued at USD 77.18 Million and is projected to grow at a CAGR of 6.5% during the forecast period. The growth is attributed to the expanding IT sector and data centers that increase the demand for advanced serial device servers which in turn promotes the market growth. Additionally, the advancements in software to remotely monitor the data centers using a serial port to ensure smooth communication over long distances is further accelerating the growth of serial device server market. Consequently, the rising demand from data centers for efficient transfer of data is primarily responsible for boosting the growth of the serial device servers' market in the region. For instance, in August 2022, according to Cushman and Wakefield, the Northern Virginia region is the largest data center market that demands advanced servers to connect the devices. The surge in data centers is contributing considerably in propelling the market growth in North America.

Asia Pacific accounted for USD 54.49 Million in 2022 and is anticipated to witness the fastest CAGR of 6.8% in the serial device server market during the forecast period. In addition, in the region, China accounted for the maximum revenue share of 27.9% in the year 2022. The growth is attributed to the expanding agricultural industry in countries including China and India that increases the demand for monitoring device, control device and collection control terminal. An advanced serial server is needed to connect such devices and also to update the data to the agricultural management monitoring platform. The platform allows users to read information including rainfall, water level, and water flow in real time, to manage agricultural irrigation in an accurate, efficient, economic, and intelligent way. Consequently, the growing demand for advanced serial device server from the agricultural sector is expected to fuel the market growth during the forecast period.

Asia Pacific Serial Device Server Market, By Countries (2022)

Details Countries Growth Insights

Download Sample Report
 

Top Key Players & Market Share Insights :

The competitive landscape of the serial device server market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Further, the surge in Research and Development (R&D), product innovation, various business strategies, and application launches have accelerated the growth of the Serial Device Server Market. Key players in the Serial Device Server Market include -

Recent Industry Developments :

  • In March 2021, Advantech added the EKI-1511 series to expand its portfolio in the serial to Ethernet device servers. The product is added to ensure safe data transmission to prevent cyber threats and is largely used in IT and healthcare industry.
  • In March 2021, Opengear launched OM2224-24E-10G-L, a serial device server to transfer data at 10 Gbps speed. The product is designed to support higher bandwidth infrastructure, particularly in data centers to support secure remote access and standard automation to critical devices.
 

Frequently Asked Question

What is serial device server?+

A serial device server is referred to as a networking device capable of transferring data between an Ethernet local area network and a computer’s or a device’s serial port.

What specific segmentation details are covered in the Serial Device Server Market report, and how is the dominating segment impacting the market growth?+

The report consists of segments including type, product, application, and end-user. Each segment has a key dominating sub-segment being driven by industry trends and market dynamics. For instance, the type segment has witnessed wired serial device servers as the dominating segment in the year 2022. The growth is attributed to the increasing application of wired servers in access & control systems, automated manufacturing systems, and power environment and security systems.

What specific segmentation details are covered in the serial device server market report, and how is the fastest segment anticipated to impact the market growth?+

The report consists of segments including type, product, application, and end-user. Each segment is projected to have the fastest-growing sub-segment fuelled by industry trends and drivers. For instance, in product segment, the 8-port server is anticipated to witness the fastest CAGR growth during the forecast period. The growth is attributed to the advancements in technology including the development of next-generation hybrid Ethernet terminals connectivity to deliver an unprecedented level of safety and intelligence.

What specific segmentation details are covered in the serial device server market report, and how does each dominating segment is influencing the demand globally?+

As aforementioned, each dominating segment is influencing the demand globally due to growing industrial needs. Moreover, fluctuation in demand being witnessed from different sectors is responsible for driving the serial device server market.