The global docking station market was valued at US$ 4,204.7 Mn in 2013 and is forecast to grow at a CAGR of 5.3% from 2014 to 2020, reaching US$ 6,018.6 Mn in 2020
Albany, NY -- (SBWIRE) -- 07/07/2016 -- Transparency Market Research has published a research report on the global docking station market. The report, titled "Docking Station Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020," projects the global docking station market to expand at a CAGR of 5.3% during the period from 2014 to 2020. The market stood at a valuation of US$4.20 bn in 2013 and is anticipated to be worth US$6.02 bn by 2020. The report studies the global docking station market on the basis of product type, technology, application, and geography. Shedding light on the competitive landscape, the report profiles some of the prominent players in the market.
A docking station refers to a hardware frame with a set of electrical connection interfaces that let a notebook computer to work efficiently as a desktop computer. The interfaces enable a notebook computer to communicate with the storage and backup drives, local printer, and other devices. Furthermore, a docking station includes a network interface card that connects the notebook to a local area network.
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The report states that the growing adoption of handheld mobile devices, along with the rising trend of BYOD and CYOD policies has boosted the growth of the global docking station market. The range of benefits offered by docking stations to mobile device users has further fuelled their usage. However, the availability of cheaper alternatives to docking stations and lack of standardization in docking stations might impede the market's growth during the forecast horizon. The global docking station market has a significant opportunity to grow with the introduction of universal docking stations. It has been observed that wireless docks with USB 3.0 ports are being increasingly adopted among mobile device users. Increased focus on delivering optimal mobile computing experience has emerged as the current trend among market players.
In terms of technology, the global docking station market has been segmented into wired and wireless technology. The wired docking stations accounted for the largest share in the market in 2013. These docking stations include traditional docks with snap-in connectors. On the other hand, wireless docking stations are usually based on Wi-Fi.
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The report analyzes the growth of the global docking station market across some of the key regions such as Europe, Asia Pacific, the Middle East and Africa, Latin America, and North America. In 2013, North America was the largest market for docking stations owing to the rising adoption of docks across enterprises. In the coming years, Asia Pacific and the Middle East and Africa hold immense opportunities for the growth of the market.
Some of the major players in the global docking station market are IBM Corporation, Toshiba Corporation, Dell Inc., Hewlett-Packard Company, Lenovo Group Ltd., Sony Electronics Inc., ASUSTeK Computer Inc., Samsung Electronics Co. Ltd., and StarTech.com. The report profiles these key players on the basis of attributes such as revenue, product portfolio, business strategies, and recent developments.
Global docking station market has been segmented as:
Docking Station Market by Type
Hard Drive Docks
Mobile Device Docks
Docking Station Market by Technology
Docking Station Market by Application
Docking Station Market by Geography
Middle East and Africa (MEA)
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