Serial Device Server Market By Type (1-Port Serial Device Server, 2- Port Serial Device Server, 4- Port Serial Device Server, Others) By Application (Access control systems, Attendance system, POS systems) and Region - Global Forecast 2026
29th August 2018
- find_in_page Our Research Methodology is based on the following main points:
- Data Collections and Interpretation
- Data Validation
- Final Projections and Conclusion
The global serial device server market is estimated to value at approximately US$ 0.6 Mn in 2018, and is expected to register a CAGR of 6.2%. The report offers in-depth insights, revenue details, and other vital information regarding the global serial device server market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report also offers insightful and detailed information regarding the various key players operating in the global serial device server market, and their financials, apart from strategies, acquisitions & mergers, and market footprint. The global serial device server market report has been segmented on the basis of product type, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
A serial port server, is used to transfer data between an Ethernet local area network (LAN) and a computer serial port (COM port). Serial device servers can be used with all types of serial devices and peripherals such as printers, scanners, data collection terminals, display devices, modems, automation equipment, security/alarm systems, and climate-control systems. Most serial port servers provide for multiple serial devices to be connected to a single serial port. Serial port servers are available for hard-wired or wireless Ethernet LANs. Some serial port servers can also function across Internet Protocol (IP) wide-area networks (WANs), making it possible to access distant serial devices as if they were directly connected to the COM port of a personal computer or network server.
Global Serial Device Server Market: Market Dynamics
A major factor driving growth of the global serial device server market is increasing emphasis by small, medium, and large enterprises on incorporating cloud computing for day-to-day activities is resulting in rising number of electronically-based advanced hardware and devices, which need to be connected via the Ethernet, coupled with growing demand for wireless networking devices from various end-use sectors and industries such as banking & finance, automobile, transportation, healthcare and power generation industries. In addition, growing digitalization initiative by governments is one of the major factor expected to lead to high adoption of serial device server solutions.
However, high costs associated with serial device server initial installation and certain processes are among some of the major factors expected to challenge growth of the market to a certain extent is expected to hamper growth of global serial device server market to a certain extent over the forecast period.
Penetration and adoption of variable advanced serial device servers such as USB and Wi-Fi based serial device servers for easy connect and share devices such as printers, scanners, cameras, disk drives, etc. over a network and to connect wireless networks to access, monitor, and control equipment over Wi-Fi, has been increasing, and this is creating high potential opportunities for players operating in the market.
Increasing involvement of major players and local players into strategic collaborations to strengthen their position in the market is a key trend observed in the global serial device server market currently. Constant technological advancements and increasing penetration of big data, Internet of things, cloud computing, and other related technologies, resulting in high demand for serial device server among small, medium, and large enterprises is gaining traction, thereby significantly increasing demand for serial device servers.
Market Analysis by Product Type:
On the basis of type, the 2-port serial device server segment is expected to contribute major revenue share in the global serial device server market, and is expected to witness CAGR of over 5% in terms of revenue over the forecast period, owing to its cost-effectiveness which makes it an ideal option for small and medium businesses.
Market Analysis by Application:
Among the application segments, the access control systems segment is expected to contribute major revenue share in the global serial device server market, and is expected to register highest CAGR of over 6.2% in terms of revenue over the forecast period. Increasing adoption of access control systems from small-, medium-, and large-scale enterprises to manage personnel is expected to boost demand for serial device servers in access control systems applications.
Market Analysis by Region:
North America market is expected to account for second-highest revenue share in the global serial device server market, and is expected to continue maintaining the position over the forecast period, as compared to that of markets in other regions. Driving factors for growth of the serial device server market are rising demand from the manufacturing industry and security system sectors in the US and Canada. In addition, rising demand for CNC machines form manufacturing industry owing to growing demand for automated production processes. In addition, increasing spending on security in residential and commercial sector, coupled with rising demand for broadband connectivity, and in turn is expected to drive growth of the market.
The market in Europe is estimated to account for third-largest revenue share in the global market. Presence of prominent international players such as Moxa Inc., Digi International Inc., Siemens AG, Comtrol Corporation, Spectris plc, PHOENIX CONTACT GmbH & Co. KG, and others in countries in the region is expected to fuel growth of the Europe serial device server market.
The market in Middle East & Africa is projected to account for share of over 5% in 2018. The serial device server market in the Middle East & Africa is projected to register inclining growth over the forecast period, owing to rapidly growing demand for security systems and Internet connectivity in countries in the region. Moreover, favorable regulations for Foreign Direct Investment (FDI) in countries in the region is projected to further create opportunities for prominent international players to expand presence and revenue share.
The market in South America is expected to growth at a moderate rate. Steady growth of the manufacturing sector, coupled with rising demand for advancements in manufacturing equipment in countries in the region is expected to drive revenue growth of the South America serial device server market over the forecast period.
Global Serial Device Server Market Segmentation:
Global Serial Device Server Market Segmentation by type:
- 1-Port Serial Device Server
- 2- Port Serial Device Server
- 4- Port Serial Device Server
- 8- Port Serial Device Server
- 16- Port Serial Device Server
Global Serial Device Server Market Segmentation by application:
- Access control systems
- Attendance system
- POS systems
Global Serial Device Server Market Segmentation by region:
- North America
- Asia Pacific
- South America
- Middle East & Africa
- Moxa Inc.
- Digi International Inc.
- Advantech Co., Ltd.
- Siemens AG
- Comtrol Corporation
- 3onedata Co., Ltd.
- Spectris plc
- Atop Technologies, Inc.
- Kyland Technology Co., Ltd.
- PHOENIX CONTACT GmbH & Co. KG
- Sealevel Systems Inc.
- ORing Industrial Networking Corp.
- Tibbo Technology Inc.
- Murata Machinery, Ltd.
- Sena Technologies, Inc.
- UTEK TECHNOLOGY(SHENZHEN)CO., LTD.
- 1.0 Chapter 1
- 1.1 Preface
- 1.2 Assumptions
- 1.3 Abbreviations
- 2.1 Report Description
- 2.1.1 Market Definition and Scope
- 2.2 Executive Summary
- 2.2.1 Market Snapshot, By Type
- 2.2.2 Market Snapshot, By Application
- 2.2.3 Market Snapshot, By Region
- 2.2.4 Prudour Opportunity Map Analysis
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