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

Based on the Type :

The type segment is bifurcated into wired and wireless. In 2022, the wired segment accounted for the highest serial device server market share 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. Analysis of market trends concludes that the increasing adoption of wired serial servers in several applications for improved data transmission over long distances is contributing significantly in driving the expansion of the market. For instance, in September 2020, Da-Lite launched RS-232, a 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 serial device server market growth.

The wireless segment is projected to witness the fastest CAGR in market during the forecast period. The proliferation 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. The serial device server market analysis concluded that the ability of wireless servers to reduce downtime along with offering durability is projected to drive the expansion 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. In 2022, the 2-port segment accounted for the highest serial device server market share 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. Analysis of market trends concludes that the increasing adoption of 2-port servers to avoid software programming errors and to identify the connected devices is resulting in the serial device server market growth.

The 8-port segment is anticipated to witness the fastest CAGR in the 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 proliferation. The serial device server market analysis concluded that 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 expansion. 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 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 these servers to allow bi-directional information transmission to improve the efficacy of access control systems is primarily contributing in driving the market expansion. 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 proliferation 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 need of serial servers for connecting 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.

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 expansion. 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 proliferation. For instance, in January 2022, Digi International Inc. launched an advanced 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.

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 development 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 expansion. 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 proliferation of the market. Analysis of serial device server market trends concludes that the increasing requirement of servers from data centers for efficient transfer of data is primarily responsible for boosting the expansion of the 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 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. Analysis of serial device server market trends concludes that the growing demand for advanced servers from the agricultural sector is expected to fuel the market proliferation during the forecast period.