Serial Device Servers Market – Growing internet penetration and ownership of multiple devices leads to higher demand

August 17, 2021

Serial device Servers are specifically designed to support wired and wireless networking structures. They offer several operation methods to satisfy the user’s rigorous industrial automation requirements to ensure connection steadiness.
Serial device Servers essentially acts as an interface among host computers running TCP/ Modbus and Modbus serial devices on an Ethernet network. Serial device Servers are utilized by various industries such as IT & telecommunication, energy & utility, healthcare, and BFSI.

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Growing internet penetration and ownership of multiple devices is leading to substantial growth in the utilization of cloud services including consumer cloud storage, also referred to as personal content lockers. At a relatively low cost, users can store and share videos, music, and photos through an easy-to-use interface.
According to the Cisco Global Cloud Index Report 2016, storage capacity of data centers is likely to grow to 1,842 exabyte (EB) in 2020 from 382 EB in 2015, out of which 88% of capacity will be accounted for by the cloud. On the other hand, data stored in data centers is expected to rise from 171 EB in 2015 to 915 EB in 2020, at a CAGR of 40%. Therefore, cloud service providers and enterprise businesses would like to focus on Servers close to internet users who access the serial device servers for the best latencies and reaction times; this directly results in the building of more data centers near users.
The amount of data generated is growing daily, ultimately increasing the need for storage space, which is the reason for the rising demand for storage devices such as serial device Servers worldwide. Therefore, increase in data center and cloud storage capacity and utilization is driving the global serial device Servers market.

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Many enterprises, especially SMEs, have limited awareness about importance and need for serial device Servers. Serial device Servers required a proper network infrastructure to assure better Ethernet network reliability among organizations. Therefore, low awareness about the benefits of serial device Servers among enterprises is expected to significantly hamper the market.

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In terms of region, the global serial device Servers market can be segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa
North America is anticipated to account for major share of the global serial device Servers market during the forecast period due to introduction and increasing adoption of novel technologies such as Big Data and cloud, specifically in the U.S. and Canada. Europe is estimated to be the second largest market for serial device Servers from 2019 to 2027, owing to upsurge in number of original equipment manufacturers (OEMs) and start-ups, which is likely to help the growth of the serial device Servers market in the region.
Asia Pacific is projected to be a rapidly expanding region of the global serial device Servers market during the forecast period due to continues growth & investment in IT specifically in China, India, Singapore, etc., which is expected to increase the adoption of serial device Servers in the region.

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