How PBI/Gordon Companies leveraged our Sirolimus API Market report
VM Intelligence · Sample preview · Information Technology and Telecom · Forecast 2027–2033
RS232 Modem Market
- By Modem Type: External RS232 Modems, Internal RS232 Modems, USB to RS232 Modems
- By Data Transmission Speed: Up to 56 Kbps, 56 Kbps, Above 56 Kbps
- By Application: Industrial Automation, Point of Sale (POS) Systems, Remote Monitoring, Telecommunications, Security Systems
- By Interface Type: DB9 Connector, DB25 Connector, RJ11 Connector
- By Power Source: External Power Supply, Bus-Powered
Key Highlights
A snapshot of what the full report proves- 01 Market size - $X,XXX.XM global market in 2025 - the verified base-year revenue. Executive Summary →
- 02 Forecast - Full 2033 market projection modelled inside - unlock the forecast value to see where the market lands. Market Outlook →
- 03 Growth - Year-by-year CAGR across 2027–2033 - unlock the growth rate and the full model. Market Outlook →
- 04 Leading segment - External RS232 Modems leads By Modem Type at XX% share. Market, by Service Type →
- 05 Global coverage - Sized across 5 regions and 20 countries, each broken out by segment. Market, by Geography →
- 06 Competitive landscape - 15 companies profiled with SWOT, benchmarking and market-share analysis. Company Profiles →
Inside the Report
12 chapters · 284 pages- 01 Introduction Definition, segmentation & scope p.12 →
- 02 Research Methodology How the numbers were built p.20 →
- 03 Executive Summary The market in one chapter p.34 →
- 04 Market Outlook Drivers, restraints, trends p.66 →
- 11 Competitive Landscape 5 sections p.172 →
- 12 Company Profiles 15 players: SWOT & benchmarking p.180 →
Full report · locked preview
Everything inside the RS232 Modem Market report
A complete, evidence-based study - 12 chapters and 119 sections covering market size, segmentation across 5 axes, regional analysis and 15 company profiles, forecast to 2033.
Segmentation covered
Modem Type 3
Data Transmission Speed 3
Application 5
Interface Type 3
Power Source 2
Companies profiled
Digi International
Moxa Inc.
Lantronix Inc.
USR IOT
Siemens AG
Advantech Co. Ltd.
Perle Systems
B&B Electronics (a division of Advantech)
ATEN International Co. Ltd.
Black Box Corporation
Nexcom International Co. Ltd.
ICP DAS Co. Ltd.
+3 more
Verified · Analyst-reviewed · No payment to preview
Trusted & certified by
★★★★★ Excellent
★★★★★ Excellent
15 players profiled - tiered by revenue contribution, footprint and R&D capability.
ACE Matrix · p.153 →Digi International
Tier 1 · Market Leader
SWOT · Benchmarking · Winning imperatives · Strategies
Full profile · p.155 →Moxa Inc.
Tier 1 · Market Leader
SWOT · Benchmarking · Winning imperatives · Strategies · Key developments
Full profile · p.160 →Lantronix Inc.
Tier 1 · Market Leader
SWOT · Benchmarking · Winning imperatives · Strategies
Full profile · p.166 →USR IOT
Tier 1 · Market Leader
SWOT · Benchmarking · Winning imperatives · Strategies · Key developments
Full profile · p.173 →Siemens AG
Tier 1 · Market Leader
SWOT · Benchmarking · Winning imperatives · Strategies
Full profile · p.178 →Advantech Co. Ltd.
Tier 1 · Market Leader
SWOT · Benchmarking · Winning imperatives · Strategies · Key developments
Full profile · p.184 →Perle Systems
Tier 2 · Established Specialist
Overview · Insights · Product benchmarking · Segment breakdown
Full profile · p.191 →B&B Electronics (a division of Advantech)
Tier 2 · Established Specialist
Overview · Insights · Product benchmarking
Full profile · p.196 →ATEN International Co. Ltd.
Tier 2 · Established Specialist
Overview · Insights · Product benchmarking
Full profile · p.202 →Black Box Corporation
Tier 2 · Established Specialist
Overview · Insights · Product benchmarking · Segment breakdown
Full profile · p.209 →Nexcom International Co. Ltd.
Tier 2 · Established Specialist
Overview · Insights · Product benchmarking
Full profile · p.214 →ICP DAS Co. Ltd.
Tier 2 · Established Specialist
Overview · Insights · Product benchmarking
Full profile · p.220 →Sealevel Systems Inc.
Tier 3 · Niche Player
Overview · Insights · Product benchmarking
Full profile · p.227 →Raritan Inc.
Tier 3 · Niche Player
Overview · Insights · Product benchmarking
Full profile · p.232 →Phoenix Contact
Tier 3 · Niche Player
Overview · Insights · Product benchmarking
Full profile · p.238 →Values shown here are illustrative samples for your understanding — not exact figures. The full report contains the real, verified data.
Global · 2025–2033
$1,659M by 2033 · 6.6% CAGR
Market estimates & forecast (USD Million)
Fig. 15 · p.34 →Segment mix, 2033 (% share)
Fig. 16 · p.35 →- External RS232 Modems74.1
- Internal RS232 Modems16.3
- USB to RS232 Modems9.6
Regions, 2025 → 2033 (USD Mn)
§6.1 · p.75 →North America$329.3M → $502.5M · 5.4%
Europe$229.5M → $411.8M · 7.6%
Asia Pacific$209.5M → $331.3M · 5.9%
Latin America$129.7M → $207.5M · 6.0%
Middle East and Africa$99.8M → $149.2M · 5.2%
Top countries, 2033 (USD Mn)
§6.2 · p.78 →Year-over-year growth (%)
§3.12 · p.44 →6.502026
6.522027
6.542028
6.562029
6.572030
6.582031
6.592032
6.602033
CAGR by region (%)
Fig. 22 · p.71 →Market share by company, 2033 (%)
Fig. 41 · p.152 →- Digi International11.1
- Moxa Inc.24.7
- Lantronix Inc.7.6
- USR IOT12.2
- Siemens AG8.6
- Advantech Co. Ltd.7.8
- Others28.0
Segment contribution to growth (%)
Fig. 18 · p.39 →Modem Type16.3%
Data Transmission Speed18.7%
Application23.1%
Interface Type25.8%
Power Source16.1%
Competitive positioning (ACE matrix)
Fig. 40 · p.153 →Adoption & penetration (% of addressable)
Fig. 12 · p.31 →Revenue by application (USD Mn)
§5.3 · p.62 →Demand by end-use (USD Mn)
§5.4 · p.66 →Average selling price trend (index, 2025=100)
Fig. 27 · p.58 →Top companies by revenue, 2033 (USD Mn)
Fig. 42 · p.155 →Revenue by region, 2033 (%)
Fig. 20 · p.70 →- North America31.4
- Europe25.7
- Asia Pacific20.7
- Latin America13.0
- Middle East and Africa9.3
Values shown here are illustrative samples for your understanding — not exact figures. The full report contains the real, verified data.
8 players benchmarked across 6 dimensions — scored 0–100 from share, portfolio, reach, innovation, financials and installed base. Methodology · §8.1 · p.160 →
Competitive scorecard (score 0–100)
Table 31 · p.161 →| Company | Market share | Product portfolio | Geographic reach | Innovation & R&D | Financial strength | Customer base | Composite |
|---|---|---|---|---|---|---|---|
| Digi International | 77 | 88 | 97 | 84 | 85 | 98 | 88 |
| Moxa Inc. | 80 | 84 | 74 | 81 | 80 | 74 | 79 |
| Lantronix Inc. | 76 | 69 | 81 | 67 | 70 | 78 | 74 |
| USR IOT | 65 | 74 | 74 | 61 | 74 | 63 | 69 |
| Siemens AG | 59 | 58 | 61 | 66 | 76 | 61 | 64 |
| Advantech Co. Ltd. | 46 | 58 | 68 | 55 | 51 | 63 | 57 |
| Perle Systems | 48 | 51 | 54 | 58 | 64 | 65 | 57 |
| B&B Electronics (a division of Advantech) | 60 | 51 | 44 | 53 | 38 | 36 | 47 |
Vendor positioning (presence × innovation)
Fig. 43 · p.163 →Strengths profile (top 3 players)
Fig. 44 · p.165 →- Digi International
- Moxa Inc.
- Lantronix Inc.
Capability coverage
§8.3 · p.168 →| Company | Global delivery | R&D depth | Digital platform | Sustainability | After-sales | Custom solutions |
|---|---|---|---|---|---|---|
| Digi International | ◐ | ◐ | ✓ | ✓ | ✓ | ✓ |
| Moxa Inc. | ✓ | ✓ | ◐ | ✓ | ◐ | ◐ |
| Lantronix Inc. | ◐ | ◐ | ◐ | ◐ | ◐ | ◐ |
| USR IOT | ◐ | ◐ | ◐ | − | ◐ | ◐ |
| Siemens AG | ◐ | − | − | ◐ | ◐ | ◐ |
| Advantech Co. Ltd. | − | ◐ | − | − | ◐ | ◐ |
| Perle Systems | ◐ | − | ◐ | − | ◐ | ◐ |
| B&B Electronics (a division of Advantech) | − | ◐ | − | ◐ | − | − |
✓ Full ◐ Partial − Limited
Overall competitive index (composite, ranked)
Fig. 45 · p.170 →1Digi International88
2Moxa Inc.79
3Lantronix Inc.74
4USR IOT69
5Siemens AG64
6Advantech Co. Ltd.57
7Perle Systems57
8B&B Electronics (a division of Advantech)47
Competitive tiers
§8.4 · p.172 →Leader2
Set the pace on share, breadth and innovation.
Digi InternationalMoxa Inc.
Challenger2
Strong scale, closing on the leaders.
Lantronix Inc.USR IOT
Contender3
Focused players with pockets of strength.
Siemens AGAdvantech Co. Ltd.Perle Systems
Niche1
Specialists in a single segment or region.
B&B Electronics (a division of Advantech)
Values shown here are illustrative samples for your understanding — not exact figures. The full report contains the real, verified data.
Go-to-market strategy
Land Modem Type in North America, then scale across RS232 Modem Market — a $231M beachhead inside a $3.64B market.
Beachhead (SOM)$231Mobtainable near-term
Serviceable (SAM)$1.29Breachable market
Primary motionDirect + partner-ledgo-to-market
Time to scale4 Qto full motion
Ideal customer profile (who to sell to)
§GTM 1 · p.190 →Champion89 fit
External RS232 Modems
Best fit — highest urgency & budget in Modem Type.
Economic buyer76 fit
Internal RS232 Modems
Strong fit — clear ROI and a fast path to value.
End user68 fit
USB to RS232 Modems
Emerging fit — growing demand, longer sales cycle.
Market-entry sequence (beachhead → scale)
Fig. GTM 1 · p.192 →Beachhead · 2025–2026
Win Modem Type in North America
Concentrated ICP, fastest proof and references.
Expand · 2026–2028
Add Data Transmission Speed & next regions
Repeat the motion in adjacent, look-alike segments.
Scale · 2028–2033
Full-market coverage + Application
Multi-channel, platform & ecosystem plays.
Channel mix (routes to market)
§GTM 3 · p.195 →Direct sales44%
Partner / channel32%
Digital / self-serve18%
Marketplaces6%
Positioning & messaging
§GTM 2 · p.194 →For Modem Type leaders who need defensible market intelligence, VM Intelligence is the fastest, source-cited way to size, segment and win RS232 Modem Market — unlike generic, static research.
Live & source-cited
Every figure triangulated from 600K+ sources and traceable.
Ready in minutes
A full, tailored report compiled on demand — not weeks.
Scope you control
Pick the chapters, regions and companies that matter.
GTM funnel & unit economics (conversion · CAC / LTV)
Fig. GTM 2 · p.198 →Awareness100%
Marketing qualified42%
Sales qualified21%
Evaluation14%
Closed-won8%
$13.9KCAC
$73KLTV
5.2:1LTV : CAC
< 4 moCAC payback
Values shown here are illustrative samples for your understanding — not exact figures. The full report contains the real, verified data.
Investment thesis
RS232 Modem Market is a resilient opportunity — $1.02B by 2033, compounding at 3.4%.
TAM · 2025$781Mtoday
TAM · 2033$1.02Bforecast
CAGR3.4%2027–2033
Cumulative$8.07Brevenue opportunity
Market opportunity (TAM · SAM · SOM)
Fig. 3 · p.14 →TAM$1.02BTotal addressable market
SAM$429MServiceable available market
SOM$76MServiceable obtainable market
Growth trajectory (USD Million)
Fig. 4 · p.16 →Why invest now
§2.1 · p.10 →3.4% CAGR
Demand compounds through 2033, outpacing GDP across Modem Type.
Global tailwinds
North America leads today; fastest gains coming from emerging regions.
Structural shift
Adoption in Modem Type moving from early to mainstream — durable secular demand.
Consolidation upside
15+ players, no runaway leader — room to build scale and roll up share.
Investment highlights
§2.2 · p.12 →$1.02BLarge & growingTAM by 2033 at 3.4% CAGR
$429MServiceable nowreachable with today’s model
$76MBeachhead winobtainable near-term share
15+Fragmented fieldplayers — consolidation runway
Return scenarios (2033 market value)
Fig. 6 · p.22 →$797MBear2.2% CAGR
$1.02BBase3.4% CAGR
$1.31BBull4.5% CAGR
Key risks & mitigants
§9.1 · p.180 →- Input-cost volatilityLong-term supply contracts & hedging
- Regulatory / policy shiftsDiversified exposure across 5 regions
- Technology disruptionR&D pipeline & Data Transmission Speed optionality
- Customer concentrationBroaden installed base beyond top accounts
Values shown here are illustrative samples for your understanding — not exact figures. The full report contains the real, verified data.
Board pack · executive summary
RS232 Modem Market — a $1.81B market by 2033. Plan: grow share from 6.7% to 13.1%.
Market size · 2033$1.81Btotal addressable
Market CAGR4.4%2027–2033
Target share13.1%from 6.7% today
Revenue ambition$238Mby 2033
Strategic scorecard (current vs 2033 target)
Table 1 · p.6 →| Objective | Current | Target · 2033 | Status |
|---|---|---|---|
| Market share | 6.7% | 13.1% | On track |
| Revenue | $128M | $238M | On track |
| Geographic coverage | 2 of 5 regions | 5 of 5 regions | Ahead |
| Segment coverage | 3 of 5 axes | 5 of 5 axes | On track |
| Gross margin | 31.0% | 40.2% | On track |
| Customer retention | 90.0% | 93.5% | Behind |
Where to play (strategic priorities)
§1.2 · p.8 →1
Lead segment
Win in Modem Type
Largest revenue pool and fastest secular demand — concentrate to build share here first.
2
Geographic
Expand across North America & beyond
Deepen the leading region, then scale into the fastest-growing emerging markets.
3
Adjacency
Build Data Transmission Speed capability
A defensible second engine — invest in Data Transmission Speed to widen the moat and cross-sell.
Strategic roadmap (2025–2033)
Fig. 1 · p.10 →Phase 1 · Foundation
2025–2027
- Secure core Modem Type share
- Fix unit economics
- Stand up data & ops
Phase 2 · Scale
2028–2030
- Enter new regions
- Launch Data Transmission Speed
- Selective M&A
Phase 3 · Lead
2031–2033
- Category leadership
- Premium mix & margin
- Platform & ecosystem
Board decisions & asks
§1.4 · p.14 →- Approve $31M capacity & capability investment
- Greenlight bolt-on M&A in Data Transmission Speed
- Authorise North America expansion plan
- Fund R&D program for Modem Type leadership
Risk watchlist (RAG)
§9 · p.180 →- Demand / macro slowdownOn track
- Competitive share lossOn track
- Input-cost & supply riskAhead
- Regulatory / policy changeOn track
- Execution & talentOn track
Values shown here are illustrative samples for your understanding — not exact figures. The full report contains the real, verified data.
Sales deck · value proposition
Win the RS232 Modem Market conversation — a $1.79B market you can size, segment and defend in minutes.
Market size · 2033$1.79Btotal opportunity
Growth8.2%CAGR to 2033
Addressable buyers1,743+accounts in scope
Typical ROI5.6×in year one
Who buys (target personas)
§1.1 · p.4 →Product / BU leader
Head of Modem Type
Goal Grow share in Modem Type
Pain Blind spots on demand, pricing & competitors.
Regional GM
North America lead
Goal Prioritise the right markets
Pain No granular, country-level view of the market.
M&A / strategy
Strategy & Corp Dev
Goal Find where to invest or acquire
Pain Slow, inconsistent third-party research.
From pain to solution
§1.2 · p.6 →Decisions made on stale, generic dataLive, source-cited figures, continuously updated
Weeks waiting on a research vendorA full report compiled in minutes
No view of competitors or whitespaceCompany profiles, ACE matrix & benchmarking
Hard to defend the numbers internallyEvery figure traceable to its original source
The business case (ROI)
Fig. 2 · p.9 →5.6×return on cost, year one
< 2 mopayback period
$84K+research cost avoided
10×faster than a custom study
Time to insight
Cost to run
Risk of a wrong call
Why buyers trust it (proof points)
§1.3 · p.12 →600K+source studies indexed
100%analyst-reviewed
15+players profiled in this market
Coverage includes
Digi InternationalMoxa Inc.Lantronix Inc.USR IOTSiemens AGAdvantech Co. Ltd.Perle SystemsB&B Electronics (a division of Advantech)+7 more
Objection handling
§1.4 · p.14 →“We already have market data.”
This triangulates 600K+ sources into one current, defensible view — not another silo.
“How do we know it’s accurate?”
Analyst-reviewed, and every figure is source-cited and traceable to its origin.
“It’s not in the budget.”
A fraction of a single analyst-day — and it pays back on the first decision it informs.
“We need it tailored to us.”
Choose the chapters, regions and companies before you build — you only pay for scope.
What you get (packages)
§1.5 · p.16 →Report
- Full multi-chapter report
- Market size, share & forecast
- Segment & regional breakdowns
- PDF + editable Excel + PPT
Most popular
Report + Add-ons
- Everything in Report
- Interactive Visualizer
- Competitive benchmarking
- Investor / board / sales decks
Enterprise
- Multiple reports & markets
- Team seats & sharing
- Analyst support & custom scope
- API / data-feed options
Almost there
Access your RS232 Modem Market report
Sign in to unlock the full report - it’s compiled live and ready in minutes.
or continue with your email
Your report is ready to access
RS232 Modem Market Report is ready
Verify your email to unlock it. We sent a 6-digit code to your inbox.
That code is invalid or expired. Please try again.
Trusted by strategy, finance & consulting teams
Related Reports
Information Technology and Telecom · scroll →RS232 Chip Market
Market size, share, segmentation and regional forecast.
$3.9B market · 2025 base year
View reportRPE Calculate Software Market
Market size, share, segmentation and regional forecast.
$6.1B market · 2025 base year
View reportRPA Technology Market
Market size, share, segmentation and regional forecast.
$3.8B market · 2025 base year
View reportRPA Consulting & Implementation Service Market
Market size, share, segmentation and regional forecast.
$3.8B market · 2025 base year
View reportRPA and Hyperautomation Market
Market size, share, segmentation and regional forecast.
$1.6B market · 2025 base year
View reportRouting Devices Market
Market size, share, segmentation and regional forecast.
$6.2B market · 2025 base year
View reportRouter for Small and Medium-sized Enterprise Market
Market size, share, segmentation and regional forecast.
$2.6B market · 2025 base year
View reportRotating Proxy Solution Market
Market size, share, segmentation and regional forecast.
$1.5B market · 2025 base year
View reportRotating Proxy Service Market
Market size, share, segmentation and regional forecast.
$5.8B market · 2025 base year
View reportRotating ITO Target Market
Market size, share, segmentation and regional forecast.
$2.3B market · 2025 base year
View reportRoom Cell Module Market
Market size, share, segmentation and regional forecast.
$5.5B market · 2025 base year
View reportRole-based Access Control (RBAC) Market
Market size, share, segmentation and regional forecast.
$5.8B market · 2025 base year
View reportThe showdown
Custom-built vs. off-the-shelf
Scroll to watch them go head-to-head
WinnerVMR Custom Report
- Tailored to your exact scope
- Delivered in minutes
- Live, always-current data
- Fully editable data (XLSX)
- You choose the companies
- Source-cited & traceable
Off-the-shelf PDF
- Generic, one-size template
- Waits 2–5 days
- A fixed snapshot in time
- Locked, flat PDF
- Preset company list
- Opaque sourcing
Customer Testimonials
Proof from industry leaders who rely on us
These stories come from the executives who depend on VMR’s intelligence for market entry, expansion, assessment, and planning. Their outcomes and experiences reflect our commitment to clarity.
600,000+source studies indexed
100%analyst-reviewed
Every figuresource-cited & traceable
In their words
Watch clients tell their story
How VMR helped University of Limerick with Anesthesia Monitoring Devices
How VMR helps brands expand into Africa & emerging markets
Unlock your GTM strategy: an Elsewedy Electric success story
Beyond sales data: layering NielsenIQ data to support strategy
How VMR became the trusted partner for United Alloy
Questions, answered
How is the research actually conducted?
Every report is compiled from VMR’s continuously-updated intelligence across 600,000+ source studies - primary interviews, company filings, trade data, and government & industry databases. Figures are triangulated across multiple credible sources, then reviewed by a research analyst before your report is delivered.
What exactly do I get inside the report?
A full multi-chapter study: market definition & methodology, executive summary, market outlook (drivers, restraints, trends, Porter’s Five Forces), segment deep-dives, regional & country breakdowns, competitive landscape, and a full profile for every company you select - with interactive charts and data tables throughout.
How accurate are the numbers, and can I trust them?
Market sizing is reconciled across leading sources (Gartner, BCG, MarketsandMarkets, government bodies and more), with outliers removed and a confidence-graded median used for the base year. Every figure is source-cited and traceable to its origin, and an analyst validates the model before delivery.
Can I customise the chapters, regions and companies?
Yes. Choose exactly the chapters, regions and countries, and the companies you want benchmarked before you build - then adjust your selection and recompile anytime from your account. You only pay for the scope you need.
What formats do I receive, and is the data editable?
Every report is readable online in full. Downloadable formats are available as optional $99 add-ons: a formatted PDF and a fully editable XLSX containing all underlying data tables - so you can re-chart, re-model, or drop any figure straight into your own deck.