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- 24 May 2019 21:59
Growth Of The Serial Device Server Market Is During Rising Demand From The Manufacturing Industry And Security System Sectors In The Us And Canada
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. 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%.
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.
The market report has been segmented on the basis of product type, application, and region/country. The product type segment includes 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, and others. The application segment includes access control systems, attendance system, POS systems, and others. The regions covered in the analysis includes North America, Europe, Asia Pacific, South America, and Middle East & Africa.
Analysis By Segmentation:
By Product type: The 2-port serial device server segment accounted for highest revenue share contribution as compared to other product type segment. The 4-port serial device server segment is expected to register highest CAGR of over 6% between 2018 and 2027
By Application: The access control systems segment is projected to account for highest revenue share as compared to that of other application segment, and is projected to register highest CAGR of over 6.2% over the forecast period
By Region: The market in Asia Pacific accounted for highest revenue share in the global serial device server market in 2017, and is expected to register highest CAGR of over 6.5% between 2018 and 2027.
Global Serial Device Server Market: Competitive Analysis
The research report on the global serial device server market include profiles of some of major companies such as 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, PHOENIX CONTACT GmbH & Co. KG, Sealevel Systems Inc., ORing Industrial Networking Corp., Tibbo Technology Inc., Murata Machinery, Ltd., Sena Technologies, Inc., and UTEK TECHNOLOGY(SHENZHEN)CO., LTD.
The Global Serial Device Server Market: Global Industry, Size, Share, Growth, Trends, and Forecast, till 2027 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global serial device server market for 2018–2027.
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