The serial device servers market is forecast to reach US$ 244.77 Million by the end of 2023, accelerating at a CAGR of 6.4% over the forecast period (2023 to 2033). With the growth in digital transformation initiatives, the demand for connected devices and the need for secure and reliable remote access have accelerated the growth of the SDS market.
Using SDS, serial devices can be accessed and controlled remotely from networks. With the advent of connected devices and remote control capabilities, server revenue has been growing in North America and Asia Pacific regions. By the end of the 2023 to 2033 forecast period, the market for serial device servers is projected to be valued at US$ 455 million.
| Data Points | Key Statistics |
|---|---|
| Estimated Base Year Value (2022) | US$ 234 million |
| Expected Market Value (2023) | US$ 244.77 million |
| Anticipated Forecast Value (2033) | US$ 455 million |
| Projected Growth Rate (2023 to 2033) | 6.4% CAGR |
The market growth is likely to be supported by:
With the advent of newer SDS technologies, controlling and accessing serial devices has become more convenient and secure in the market. Secure authentication protocols like TLS are becoming more popular because technologies like encryption and secure tunneling are gaining traction in the market.
Since serial devices still play a significant role in many applications, serial device servers are expected to have an enviable future. For instance, serial communication is often used in industrial automation and control systems. With the update and modernization of these systems, serial device servers will continue to play a crucial role in connecting legacy devices to modern networks.
Serial device servers are becoming more prevalent with the Internet of Things (IoT). With the proliferation of IoT devices that rely on serial communication protocols, the demand for serial device servers is expected to rise. Legacy devices often find their way into modern networks when used in the industrial internet of things applications.
With the increased adoption of IoT technology and the need to connect legacy devices to modern networks, the serial device server market is expected to grow in the coming years. As a result, serial device servers represent considerable opportunities for companies that specialize in their design and manufacture.
SDS is a valuable tool for organizations seeking to reduce costs and improve efficiency through automated processes. It offers control and flexibility in managing automated processes. The ability to access and control serial devices remotely opens up new opportunities for business automation.
Businesses will require solutions to secure the connection of connected devices as more companies leverage the potential of connected devices. With the growing popularity of serial devices and the growing demand for secure and reliable connections, serial device servers are expected to be in high demand. Furthermore, the growth of wireless networks and the increasing adoption of cloud-based solutions is expected to drive device server market growth.
Additionally, the growth of advanced technologies, such as artificial intelligence (AI), and the emergence of new standards for secure connections will likely accelerate the adoption of device servers in the near future. With the advent of remote monitoring, management, and secure connections in industrial settings, serial device servers are expected to grow in popularity in the market.
Industries such as healthcare, manufacturing, and transportation drive the demand for serial device servers in North America. There is a high reliance on serial devices in industries, such as medical equipment, industrial automation systems, and transportation systems requiring remote access to grow the market.
Industries such as manufacturing, retail, and telecommunications drive demand for serial device servers in Asia Pacific. Numerous emerging economies in the region are rapidly adopting new technologies and digitizing their operations, driving the need for networked devices and remote access.
Serial device servers are networking devices that are used between the serial port of computer and local area network (LAN) for transferring the data. The serial device server can be connected to medical devices, robotic assemblage, printers, sensors, and other devices.
The serial device servers can be easily connected without security or authentication to any other serial device in the network and these devices can also be configured in various features similar to routers or Ethernet switches. Wired and wireless both networking structures are supported by these serial device servers.
In addition, serial device servers offer several operation methods to fulfill customer’s rigorous industrial automation requirements to ensure connection steadiness.
Serial-to-LAN or serial device servers adapters offers the necessary interface that enable serial only devices to be deployed in a fully networking environment. The users are focusing on the installation and deployment of the serial device servers which are quick and easy to configure.
The software development costs are drastically reduced as no extra programming costs are incurred at the host computer. Serial device server also offer secure industrial networking. Thus, increasing demand of cost effective solutions by industries is expected to drive the growth of serial device severs market during the forecast period.
Increasing Vendor Investment to Boost Demand of Serial Device Servers
The vendors offering serial device servers are investing huge amounts to offer advanced serial device server. The companies are aiming to offer the devices which are low in cost and highly effective and can connect maximum number of devices. For instance, MOXA Technologies Co., Ltd., a provider of industrial networking products has invested millions of dollars each year to develop innovative and user-friendly products.
Thus, rising vendor investment is expected to contribute significantly in the market growth during the forecast period.
Increased Use of Cloud Storage and Data Centers Is Significant Factor Propelling Growth of the Market
Increasing multi device ownership and internet penetration is fueling adoption of cloud services, including consumer cloud storage, also known as personal content lockers. Thus users can use an easy interface to share and store music, photos and videos.
As the amount of data generated increases continuously and it eventually creates need for storage spaces which ultimately tends to increase demand of serial device servers globally. Hence global serial device servers market is driven by growing cloud storage utilization and data centers.
Moreover, initiatives taken by government to adopt digitalization is anticipated to proliferate the growth of serial device servers market, throughout the forecast period.
Examples of some of the market participants in the global serial device servers market identified across the value chain include
North America accords a major share in the global serial device servers market. As the Europe and North America have well-established and sustainable economies, it helps them to strongly invest in the research and development activities.
This, in turn, contributes to the development of latest technologies. Moreover, the start-up culture in North America is growing at a substantial pace along with SMEs, which is aiding to market growth. Similarly, East Asia and South Asia are taking numerous initiatives to spur the infrastructure that enables the users to adopt cutting-edge technologies.
Thus, the demand of serial device servers in Asia Pacific region is expected to grow at a significant rate, over the forecast period.
The serial device servers market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment.
The market report also maps the qualitative impact of various market factors on market segments and geographies.
The serial device servers market can be segmented on the basis of port, type, application, end-user and region.
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