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
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • 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
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances