LAMEA 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 Latin America, Middle East and Africa Serial Device Server Market is expected to witness market growth of 7.2% CAGR during the forecast period (2024-2031).

The Brazil market dominated the LAMEA 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 $8.49 million by 2031. The Argentina market is showcasing a CAGR of 8.6% during 2024-2031. Additionally, the UAE market would register a CAGR of 6.2% during 2024-2031.



Organizations are increasingly prioritizing cybersecurity. Many servers come equipped with advanced security features, like authentication and encryption, to protect sensitive data transmitted over networks, making them attractive for adoption in sensitive sectors like healthcare and finance. These servers' ability to facilitate communication between devices using different protocols enhances interoperability. This capability is crucial for industries like manufacturing, where diverse equipment from various manufacturers must work together.

The push toward Industry 4.0 drives the demand for these servers as businesses seek to automate and optimize manufacturing processes. Companies are adopting these servers to connect legacy equipment with smart technologies, enhancing productivity and efficiency. The shift towards subscription-based pricing models for these servers is an emerging trend. This approach allows businesses to reduce upfront costs and access the latest features and updates, making it more attractive for small and medium-sized enterprises.

The rising healthcare expenditure in the UAE is set to impact the market's growth profoundly. As the UAE government emphasizes healthcare as a priority sector, significant investments are being directed toward enhancing medical infrastructure, technology, and services. As per the International Trade Administration (ITA), the 2022 federal budget allocated USD 15.8 billion (AED 58.931 billion) for public spending, with 8.4% dedicated to healthcare. The rising retail industry in Brazil is poised to significantly impact the growth of the serial device server market, primarily driven by increased demand for connectivity, automation, and data management solutions in retail operations. Recent data from the Brazilian government indicates a 1.0% increase in retail trade sales in January 2024, following a 2.8% increase in December 2023. In conclusion, rising healthcare expenditure and expansion of the region's retail sector 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

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

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA