According to a recent market research report published by
Transparency Market Research, the global docking station market is
expected to develop at a CAGR of 5.3% during the period between 2014
and 2020. The report, titled “Docking Station Market - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 -
2020”, estimates the overall market to reach a valuation of US$6.02
billion in 2020. The global docking station market was worth US$4.20
billion in 2013.
Docking station enables users to connect their portable devices such
as mobile devices, hard drives, and laptops to a set of peripherals.
Docking stations eliminate the need of peripherals such as speakers,
monitors, mouse, and others to be connected to the portable devices
through multiple cables. The report points out that the rising demand
for smartphones, tablets, notebooks, and other handheld devices will
push the growth of the global docking station market. Rising trend of
bring-your-own-device (BYOD) and choose-your-own-device (CYOD)
policies at workplaces will also augment the growth of the overall
market during the report’s forecast period.
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However, the report states that the lack of standardization in
docking stations will negatively impact the market. Availability of
cheaper alternatives will further restrain the docking stations
market. The report identifies the development of universal docking
stations with superior features as a key opportunity for the market
to grow in the coming years. The scope of growth of the market is
particularly high in Asia Pacific and in the Middle East countries.
The prevailing trends in the global docking stations market impel
manufacturers to focus more on delivering optimal mobile computing
experience. Increased adoption of wireless docks with USB 3.0 ports
will create new growth avenues for the market during the forecast
period.
On the basis of product, the global docking station market has been
segmented into hard drive (HDD) docks, laptop docks, and mobile
devices docks. In 2013, laptop docking station segment held around
55% market share and emerged as the largest segment of the market.
During the forecast period, the demand for mobile devices docks is
expected to increase significantly.
In terms of the technology, the global docking station market can be
divided into wireless and wired technology. Wired docking stations
that include traditional docks with snap-in connectors and single
cable docks, hold the largest share in the market. Single cable docks
comprise of Thunderbolt docks and USB Type-C docks that transmit
power as well as data. Wireless docks are usually based on Wi-Fi and
WiGig.
On the basis of application, the global docking station market has
been segmented into residential and commercial applications.
Commercial segment accounted for 88% market share in 2013 owing to
the increased adoption of docking stations across small and
medium-scale enterprises and large enterprises. Advanced features
such as wireless charging has led to the widespread adoption of
docking stations in the commercial sector.
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The report studies the global docking station market across five key
regions: Middle East and Africa, Asia Pacific, Latin America, North
America, and Europe. North America emerged as the largest market for
docking stations in 2013 due to increased adoption of docks across
enterprises.
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