For devices on your network that must be accessed very reliably by other systems or devices on your network, a static IP address is ideal. With a static IP address, devices will always be found on the network, since the IP address won't change. It is recommended to use static IP addresses for devices within a network that are accessed by the Internet (such as a web server) or when it is crucial that the data connection is not interrupted. Network print servers and serial over IP devices are two examples of devices that we would recommend using static IP addresses for.
Dynamic IP addresses are convenient for home networks, where you want it to be as simple as possible to add or remove network devices, and your primary concern is gaining access to the Internet with those devices. As most routers use Dynamic Host Configuration Protocol (DHCP) to assign IP addresses, and most devices come with a dynamic IP address by default, this often requires the least amount of configuration.
Some devices, such as computers, can obtain an IP address automatically by using DHCP, while other devices, such as network print servers and serial over IP devices, require static IP addresses.