Serial Console Server Market Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2020 to 2030

Serial Console Server Market Overview

The global serial console server market is set to witness mounting growth over the coming years, as a result of increasing automation and digitalization. Serial console servers are use in data centers for enabling the secure remote management of devices, including routers, switches, and firewalls. Advancing demand for cloud services has resulted in the development of numerous data centers across the globe. This is facilitating growth opportunities for the serial console server market. Mounting number of hyper scale and colocation data centers has given a boost to the expansion of the serial console server market size over the recent past.

Rise in smartphone usage coupled with increasing Internet users due to affordable connectivity are primary factors boosting the growth of end users for cloud services. Industries are increasingly adopting these management solutions as they provide convenience and increase productivity. Advancements in technology such as artificial intelligence and machine learning are anticipated to provide significant growth opportunities to the market. The aforementioned factors are slated to lend an impressive growth rate of 7% to the serial console server market over the forecast period (2020-2030).

Serial Console Server Market Insights by Number of Ports

Advancing IT industry and increasing digitalization have resulted in opening numerous market opportunities for the serial console server market. With numerous advantages such as pay-as-you-go, auto provisioning, scaling and descaling, cloud deployment models are poised to gain traction in the years to come. These cloud centers use serial console servers for managing their data centers on a large scale, and hence, demand for more than 64 port serial console servers are gaining rapid market traction.

However, the market for 16-32 port serial console servers is expected to create an absolute $ opportunity of US$ 2.3 Bn over the forecast period. The 2-16 port console server segment is set to lose its market share during the forecast period, amid increasing demand for products with expanded capacity.

Serial Console Server Market Insights by Model

The choice of opting for a desired model depends on the number of racks and data center capacity. Availability of leading cloud service providers across web-based and application platforms has been of particular significance. This is not only catering to demand in developing countries from tier-I and tier-II cities, but also penetrating new demographics. Commercial serial console server models are set to progress at an impressive CAGR of 7.5% from 2020-2030. However, industrial models in the serial console server market are expected to lose 180 BPS in 2030 over 2020.

Serial Console Server Market Insights by End User

Enterprise users are expected to account for nearly one-third of the serial console server market share by 2030-end. With increasing number of education and healthcare institutes, the need for better customer management and promotion activities will give a boost to enterprise users. Furthermore, surge in the number of cloud service providers has resulted in significant demand for serial console servers. Cloud service providers, as end users, will account for one-fourth of the market share by the end of 2030.

Regional Outlook of Serial Console Server Market

North America is seen as the most lucrative region in the global serial console server market, backed by the advancing IT and telecommunication industry in the U.S. and Canada. Furthermore, regional trends, regulatory policies, and product specifications play an important role in the development of the North America serial console server market. In particular, the U.S. market is poised to expand at a CAGR of 8.5%, and create an absolute $ opportunity of US$ 5.5 Bn over the forecast period.

Key companies active in serial console server market are increasingly viewing North America and East Asia from a target market perspective, on the back of increasing number of enterprise level data centers in these regions. Furthermore, the Europe serial console server market is expected to create an absolute $ opportunity of US$ 2.3 Bn by 2030. However, the Asia Pacific region is seen as an emerging market with increasing popularity of cloud services in China, South Korea, Japan, Australia, New Zealand, and India.

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Serial Console Server Market Competitive Analysis: Key Players to Focus on Acquisition of Regional Players

Prominent market players such as Opengear, Inc, Vertix, Cisco, Lantronix, Inc., Aten International Co., Hewlett Packard Enterprise, Perle, Raritan Inc., Digi International Inc., Black Box Corporation, and Tripp Lite are focusing on product innovation and product launches to gain a significant share in the serial console server market during the forecast period. For instance, in 2020, Aten International Co. launched 16 and 32 port serial console servers for data centers for render convenient installation, secure serial device access, easy management, and comprehensive control of data centers. Furthermore, global players such as Cisco and HP are focusing on vertical integration to gain market share and extend their product portfolios.

For a dashboard view of key players operating in the serial console server market, request a expert analyst

COVID-19 Impact on Serial Console Server Market

The spread of coronavirus has crippled the entire world. Nearly all countries have imposed lockdowns and strict social distancing measures. This has resulted in the disruption of supply chains. Furthermore, increasing concerns with respect to social distancing and emergence of the work from home culture has given a boost to cloud service providers. However, serial console servers are experiencing descending demand amid travel and supply restrictions.

The Analyst’s Viewpoint

“The serial console server market will continue to witness strong growth, as an aftereffect of the advancing IT industry and mounting demand from cloud service providers.”

Serial Console Server Market: Scope of the Report

Fact.MR published an exclusive forecast report on the serial console server market for the period of 2020-2030. The foremost objective of the serial console server market report is to pitch spearhead insights on the market scenario, demand generators, and technological advancements in the serial console server market. Also, the serial console server market study addresses key dynamics that are expected to diversify the adoption and future prominence of serial console servers.

The report on the serial console server market begins with an executive overview, in which, product definition has been provided. The report further proceeds with the taxonomy of the serial console server market, elaborating on key segments. Also, the report outlines visionary insights on the dynamics of the serial console server market, including the drivers, restraints, opportunities, trends, and pricing analysis, along with key buying factors.