Global Serial Device Server Market growing at a CAGR of 6.5 % from 2023 to 2030
Category : IT And Telecommunications | Published Date : May 2023 | Type : Press Release
Key Market Overview
The Serial Device Server market is poised for strong expansion and is projected to reach USD 367.46 Million by 2030. The market was sized at USD 227.12 Million in 2022 and is predicted to grow at a compound annual growth rate of 6.5% during the period 2023-2030.
The report highlights the increasing adoption of serial device servers owing to the emergence of advanced software that enables seamless communication with security over long distances. Consegic Business Intelligence provides an inclusive research report on the Serial Device Server market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.
Global Serial Device Server Market By Overview
The report analyses significant segments such as type, product, application, end-user, and region, to identify emerging trends and potential opportunities. The 8-port server segment is expected to grow during the forecast period owing to the increasing adoption of the server in various industries including healthcare for remote device management. Additionally, the advancements in software technology including the development of next-generation hybrid Ethernet terminals to deliver improved safety is promoting the growth of the wireless segment.
Get Free SampleMarket Dynamics
Driver:
- Development of advanced ports including fiber optics to improve redundancy is one of the major drivers for the growth of the market.
- The increasing demand to transfer data over a cloud platform that enables remote monitoring in real-time over long distances is propelling the market growth
- The growing demand to enhance network and data security by employing encryption methods is boosting the market growth
Restraints:
- The major factor restraining the growth of the serial device server market is the slow speed of transmission of data and wastage of bandwidth.
- The presence of alternatives including Peripheral Component Interconnect (PCI) allowing better data transmission is impeding the market growth.
Market Segmentation:
| Report Attributes | Report Details |
| 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, and Middle East & Africa |
Competitive Landscape :
The landscape for Serial Device Server Market is highly competitive with major players including 3onedata, Advantech, Atop Technologies Inc., and Opengear, Inc. that have a strong market position in current market circumstances. Further, the serial device server market is expected to witness significant growth in coming years owing to the increasing adoption of advanced technologies to transfer data over a cloud platform that enables remote monitoring in real-time. The market players compete for a firm market position through mergers and acquisitions, product innovations, and business strategies. Thus, evolving research and developments in the serial device server market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various end-use industries.
- 3onedata
- Advantech
- Atop Technologies Inc.
- Opengear, Inc.
- Comtrol Corporation
- Digi International
- Kyland
- Moxa
- OMEGA
- ORing Industrial Networking Corp.
