The North America Serial Device Server Market is expected to 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 is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $100.54 million 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.
The US market dominated the North America Serial Device Server Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $100.54 million 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.
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
Market Report Segmentation
By Type- External
- Embedded
- Point-of-Sale (POS) Systems
- Remote Management
- Industrial Control Systems
- Data Acquisition
- Multi-Port
- Single-Port
- Industrial
- Retail
- Telecommunications
- Healthcare
- Energy & Utilities
- Transportation
- Other End-user
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. North America Serial Device Server Market by Type
Chapter 6. North America Serial Device Server Market by Application
Chapter 7. North America Serial Device Server Market by Port
Chapter 8. North America Serial Device Server Market by End-user
Chapter 9. North America Serial Device Server Market by Country
Chapter 10. Company Profiles
Companies Mentioned
Some of the key companies profiled in this North America Serial Device Server Market include:- 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
Methodology
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