Serial Device Server Market
Serial Device Server Market Forecasts to 2030 - Global Analysis By Type (Hardware and Software), Connection Type, Protocol, Application, End User and By Geography
According to Stratistics MRC, the Global Serial Device Server Market is accounted for $498.5 million in 2024 and is expected to reach $732.9 million by 2030 growing at a CAGR of 8.5% during the forecast period. A Serial Device Server is a networking device that connects serial devices, such as printers or sensors, to an IP-based network, enabling remote access and management. It converts serial communication protocols (like RS-232, RS-422, or RS-485) into network protocols like TCP or IP. This allows legacy serial devices to interface with modern Ethernet networks without requiring hardware changes.
Market Dynamics:
Driver:
Growth in industrial automation
Growths in industrial automation started increasingly adopt automated systems, the need to integrate various equipment—such as sensors, controllers, and legacy machinery—becomes essential. Serial device servers facilitate this integration by converting serial communications to IP protocols, enabling remote monitoring and control. This connectivity improves operational efficiency, reduces downtime, and supports data collection for analytics. Consequently, the expanding automation landscape drives demand for serial device servers, enabling seamless communication in increasingly automated environments.
Restraint:
Declining use of serial devices
The declining use of serial devices reduces the reliance on legacy serial equipment, diminishing the demand for devices that facilitate their integration into modern networks. As more businesses upgrade to Ethernet or IoT-compatible devices, the market for serial device servers contracts. Furthermore, the obsolescence of serial communication standards may lead to a decreased market share for companies focused on serial device solutions, limiting growth opportunities in an evolving technological landscape.
Opportunity:
Innovative IoT applications
Innovative IoT applications in industries increasingly adopt IoT solutions for data collection, monitoring, and automation, the demand for serial device servers rises to facilitate this integration. These servers enable real-time data transmission from serial devices, improving operational efficiency and decision-making. Additionally, they support various IoT use cases, such as predictive maintenance and remote monitoring in sectors like manufacturing, healthcare, and smart cities. This growing reliance on IoT drives the expansion and evolution of the serial device server market.
Threat:
Competition from IP-based devices
Competition from IP-based devices offer advanced features such as higher speeds, enhanced security, and greater scalability, organizations may opt to replace older serial equipment rather than integrate it. This trend reduces the demand for serial device servers, which primarily serve to connect legacy devices to modern networks. Additionally, as companies invest in new technology, the shift toward all-IP solutions can render traditional serial communication methods obsolete, further impacting market growth.
Covid-19 Impact
The COVID-19 pandemic accelerated the adoption of remote monitoring and management technologies, boosting the serial device server market. Connecting older serial devices to IP networks became more necessary as firms moved to digital operations in order to provide automation and remote access. Supply chain disruptions initially affected production and distribution, but the rise in industrial automation and IoT applications led to a rebound in demand. Overall, the pandemic highlighted the importance of connectivity, driving long-term growth in the serial device server market.
The wi-fi segment is expected to be the largest during the forecast period
The wi-fi segment is estimated to have a lucrative growth, by enabling wireless connectivity for legacy serial devices. As industries increasingly adopt wireless technologies for flexibility and mobility, Wi-Fi-equipped serial device servers allow seamless integration of older equipment into modern network infrastructures. This connectivity facilitates remote monitoring, management, and data transmission without the constraints of physical cables. Additionally, Wi-Fi’s widespread availability in industrial and commercial environments enhances operational efficiency, reduces installation costs, and expands the potential for Internet of Things (IoT) applications, ultimately driving market growth.
The healthcare segment is expected to have the highest CAGR during the forecast period
The healthcare segment is anticipated to witness the highest CAGR growth during the forecast period, due to enhanced connectivity of legacy medical devices, such as patient monitors, infusion pumps, and laboratory equipment. These servers enable seamless integration of serial devices into modern healthcare IT infrastructures, allowing for remote monitoring, data collection, and real-time patient management. The growing emphasis on telehealth and remote diagnostics, coupled with the need for efficient data sharing between devices and electronic health records (EHRs), drives demand.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period due to rapid industrialization and the increasing adoption of automation technologies. Key sectors such as manufacturing, healthcare, and transportation are integrating legacy serial devices into modern network infrastructures, enhancing operational efficiency and data management. Countries like China, Japan, and India are at the forefront, investing heavily in smart factory initiatives and IoT applications. The rising demand for remote monitoring solutions further propels market growth, positioning the Asia Pacific region as a vital hub for serial device server technology.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to the region's robust industrial automation and IoT adoption. Key industries such as manufacturing, healthcare, and transportation are increasingly integrating legacy serial devices with modern networks for enhanced connectivity and remote management. The presence of advanced infrastructure and a strong emphasis on technological innovation further fuel demand. Additionally, the rise of smart manufacturing initiatives and the need for real-time data monitoring are propelling the adoption of serial device servers, making North America a vital hub for market expansion.
Key players in the market
Some of the key players profiled in the Serial Device Server Market include Moxa Inc., Lantronix Inc., Digi International Inc., Advantech Co., Ltd., Sierra Wireless, Inc., Perle Systems Ltd., StarTech.com, NetBurner, Inc., Red Lion Controls, Teldat, IO Industries, Inc., ATEN Technology, Inc., Hirschmann Automation and Control GmbH, Cypress Semiconductor Corporation, Comtrol Corporation and Brainboxes Ltd.
Key Developments:
In October 2024, Lantronix announced five new System-in-Package (SiP) solutions powered by Qualcomm technologies. These modules enhance AI and machine learning capabilities, targeting applications in industrial automation and smart cities.
In October 2024, Lantronix unveiled the SmartLV, the first AI-enabled IoT Edge Compute Cellular Gateway, also powered by Qualcomm. This product is aimed at transforming low-voltage substations in smart grids and industrial applications.
In October 2023, Moxa expanded its industrial cybersecurity offerings by introducing an Industrial Cybersecurity Solution, enhancing protection against cyber threats for industrial networks. This move aligns with their broader goal of improving IT/OT convergence in industrial settings.
Types Covered:
• Hardware
• Software
Connection Types Covered:
• Ethernet
• Wi-Fi
• Cellular
• USB
• Other Connection Types
Protocols Covered:
• TCP or IP
• UDP
• RS-232
• RS-485
• RS-422
• Other Protocols
Applications Covered:
• Traffic Signal Communication
• Access Control System
• Product Line Data Collection
• Attendance System
• Other Applications
End Users Covered:
• IT & Logistics
• Healthcare
• Energy & Utility
• BFSI
• Government
• Retail
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Serial Device Server Market, By Type
5.1 Introduction
5.2 Hardware
5.3 Software
6 Global Serial Device Server Market, By Connection Type
6.1 Introduction
6.2 Ethernet
6.3 Wi-Fi
6.4 Cellular
6.5 USB
6.6 Other Connection Types
7 Global Serial Device Server Market, By Protocol
7.1 Introduction
7.2 TCP or IP
7.3 UDP
7.4 RS-232
7.5 RS-485
7.6 RS-422
7.7 Other Protocols
8 Global Serial Device Server Market, By Application
8.1 Introduction
8.2 Traffic Signal Communication
8.3 Access Control System
8.4 Product Line Data Collection
8.5 Attendance System
8.6 Other Applications
9 Global Serial Device Server Market, By End User
9.1 Introduction
9.2 IT & Logistics
9.3 Healthcare
9.4 Energy & Utility
9.5 BFSI
9.6 Government
9.7 Retail
9.8 Other End Users
10 Global Serial Device Server Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Moxa Inc.
12.2 Lantronix Inc.
12.3 Digi International Inc.
12.4 Advantech Co., Ltd.
12.5 Sierra Wireless, Inc.
12.6 Perle Systems Ltd.
12.7 StarTech.com
12.8 NetBurner, Inc.
12.9 Red Lion Controls
12.10 Teldat
12.11 IO Industries, Inc.
12.12 ATEN Technology, Inc.
12.13 Hirschmann Automation and Control GmbH
12.14 Cypress Semiconductor Corporation
12.15 Comtrol Corporation
12.16 Brainboxes Ltd.
List of Tables
1 Global Serial Device Server Market Outlook, By Region (2022-2030) ($MN)
2 Global Serial Device Server Market Outlook, By Type (2022-2030) ($MN)
3 Global Serial Device Server Market Outlook, By Hardware (2022-2030) ($MN)
4 Global Serial Device Server Market Outlook, By Software (2022-2030) ($MN)
5 Global Serial Device Server Market Outlook, By Connection Type (2022-2030) ($MN)
6 Global Serial Device Server Market Outlook, By Ethernet (2022-2030) ($MN)
7 Global Serial Device Server Market Outlook, By Wi-Fi (2022-2030) ($MN)
8 Global Serial Device Server Market Outlook, By Cellular (2022-2030) ($MN)
9 Global Serial Device Server Market Outlook, By USB (2022-2030) ($MN)
10 Global Serial Device Server Market Outlook, By Other Connection Types (2022-2030) ($MN)
11 Global Serial Device Server Market Outlook, By Protocol (2022-2030) ($MN)
12 Global Serial Device Server Market Outlook, By TCP or IP (2022-2030) ($MN)
13 Global Serial Device Server Market Outlook, By UDP (2022-2030) ($MN)
14 Global Serial Device Server Market Outlook, By RS-232 (2022-2030) ($MN)
15 Global Serial Device Server Market Outlook, By RS-485 (2022-2030) ($MN)
16 Global Serial Device Server Market Outlook, By RS-422 (2022-2030) ($MN)
17 Global Serial Device Server Market Outlook, By Other Protocols (2022-2030) ($MN)
18 Global Serial Device Server Market Outlook, By Application (2022-2030) ($MN)
19 Global Serial Device Server Market Outlook, By Traffic Signal Communication (2022-2030) ($MN)
20 Global Serial Device Server Market Outlook, By Access Control System (2022-2030) ($MN)
21 Global Serial Device Server Market Outlook, By Product Line Data Collection (2022-2030) ($MN)
22 Global Serial Device Server Market Outlook, By Attendance System (2022-2030) ($MN)
23 Global Serial Device Server Market Outlook, By Other Applications (2022-2030) ($MN)
24 Global Serial Device Server Market Outlook, By End User (2022-2030) ($MN)
25 Global Serial Device Server Market Outlook, By IT & Logistics (2022-2030) ($MN)
26 Global Serial Device Server Market Outlook, By Healthcare (2022-2030) ($MN)
27 Global Serial Device Server Market Outlook, By Energy & Utility (2022-2030) ($MN)
28 Global Serial Device Server Market Outlook, By BFSI (2022-2030) ($MN)
29 Global Serial Device Server Market Outlook, By Government (2022-2030) ($MN)
30 Global Serial Device Server Market Outlook, By Retail (2022-2030) ($MN)
31 Global Serial Device Server Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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