North America Serial Device Server Market Size, Share & Trends Analysis Report By Type (External and Embedded), By Application, By Port (Multi-Port and Single-Port), By End-User, By Country and Growth Forecast, 2024 - 2031

North America Serial Device Server Market Size, Share & Trends Analysis Report By Type (External and Embedded), By Application, By Port (Multi-Port and Single-Port), By End-User, By Country and Growth Forecast, 2024 - 2031

The North America Serial Device Server Market would witness market growth of 4.3% CAGR during the forecast period (2024-2031).

The US market dominated the North America Serial Device Server Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $100,540.9 Thousand by 2031. The Canada market is experiencing a CAGR of 6.4% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 5.6% during (2024 - 2031).

These servers facilitate the integration of aging industrial equipment with modern control systems, allowing manufacturers to extend the life of their existing assets while adopting newer technologies. They enable real-time monitoring of machinery and equipment, providing insights into performance metrics that can enhance operational efficiency and minimize downtime.

In addition, these servers allow telecom providers to transition from traditional circuit-switched networks to packet-switched networks without requiring extensive infrastructure overhauls. They provide centralized network management capabilities for telecom equipment, simplifying configuration, troubleshooting, and maintenance processes.

The integration of clean energy technologies necessitates sophisticated data management solutions. The collection and analysis of vast amounts of data generated by traditional power facilities and renewable energy sources are made possible by these servers to utilities. This capability supports better decision-making regarding energy distribution and enhances operational efficiency. The rising transportation industry in Canada, particularly in marine shipping and logistics, significantly impacts the growth of this market. In 2022, Canada’s ports and marine shipping facilitated nearly $151 billion in exports and $194 billion in imports, underscoring transportation's critical role in the nation’s economy. This robust sector increases demand for advanced technological solutions, including serial device servers, to enhance operational efficiency and connectivity across logistics networks. Therefore, the region's increasing energy and transportation sectors are driving the market's growth.

Based on Type, the market is segmented into External and Embedded. Based on Application, the market is segmented into Point-of-Sale (POS) Systems, Remote Management, Industrial Control Systems, and Data Acquisition. Based on Port, the market is segmented into Multi-Port and Single-Port. Based on End-User, the market is segmented into Industrial, Retail, Telecommunications, Healthcare, Energy & Utilities, Transportation, and Other End-user. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

• Digi International Inc.
• Advantech Co., Ltd.
• Siemens AG
• Mitsubishi Electric Corporation
• Perle Systems Inc.
• Hewlett Packard Enterprise Company
• Moxa Inc.
• Lantronix Inc.
• Neteon Technologies, Inc.
• Comtrol UK Limited

North America Serial Device Server Market Report Segmentation

By Type

• External
• Embedded

By Application

• Point-of-Sale (POS) Systems
• Remote Management
• Industrial Control Systems
• Data Acquisition

By Port

• Multi-Port
• Single-Port

By End User

• Industrial
• Retail
• Telecommunications
• Healthcare
• Energy & Utilities
• Transportation
• Other End-user

By Country

• US
• Canada
• Mexico
• Rest of North America