28-Feb-2020 | Facts and Factors
Facts and Factors have authored “Docking Station Market By Product (Laptop, Smartphones & Tablets, & Others), By Connectivity Type (Wired & Wireless), By Distribution Channel (Offline & Online), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026”. The report predicts the global Docking Station market to reach around USD 1.7 Billion by 2026 from USD 1.1 Billion in 2020. The global Docking Station market is anticipated to register a significant CAGR of 5.5% between 2020 and 2026.
Docking stations are electronic portable plug-in devices that allow portable computers to connect with various devices. Essentially, the primary function of a docking station is to provide an extension for laptop ports, through an exclusive connector, which is generally on the laptop's side connected to the rear of the docking station. Docking stations are designed to be compatible with different USB specifications such as 2.0 and 3.0. Some docking stations provide extended connection of computers with speakers, Ethernet, microphone, and others using a single USB cable. These stations have gained demand as they have fewer wires for multiple connections. Docking stations are convenient as they are portable and user-friendly. With the introduction of new technology by IT companies, wireless docking stations are gaining demand over traditional stations.
Browse the full “Docking Station Market By Product (Laptop, Smartphones & Tablets, & Others), By Connectivity Type (Wired & Wireless), By Distribution Channel (Offline & Online), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026" report at https://www.fnfresearch.com/docking-station-market-report
An increase in the use of laptops, tablets, and mobile is one of the primary driving forces of the docking station market. Furthermore, the docking stations have also gained demand with an increase in the adoption of docking stations for professional as well as household purposes. Companies operating in the docking station market are focused on improving the technology consistently. Some of the companies are innovating on providing high power charging capacities for docking stations to enhance performance. Wireless docking station market growth is anticipated to face cybersecurity challenges owing to the cloud connectivity of data on laptops or mobiles. However, companies operating in wireless docking stations are focused on enhancing security features in enterprise software to safeguard user information from a potential cybersecurity threat.
By product type, the laptops segment led the global Docking Station market by accounting for a share of almost 52% owing to the increase in the adoption of laptops by working professionals around the globe. The mobile segment accounted for 19% of the total market share; an increase in the use of smartphones has led to a rise in the use of docking stations in the mobile segment. Furthermore, the docking station market is bifurcated by the Port and distribution channel. Multiple ports segment was estimated to account for 63% leading the port segment owing to the advantages such as connecting multiple devices at the same time and usage suitability.
Geographically, the global Docking Station market was dominated by North America by generating revenues worth USD 660 million in 2019. This dominance is majorly attributed to increasing technological adoption in countries such as the U.S. and Canada. World’s largest data centers are installed in the regions of North America, this reason is expected to raise demand for docking stations in large enterprises. Furthermore, Europe is set to observe the second-fastest growth of a CAGR of3.9% over the forecast period.
Top Market Players
The key market participants for the global docking station market are The Targus Corp, StarTech.com, Dell Technologies, Inc., ACCO Brands Corp, HP Development Company, Lenovo Group Ltd., Plugable Technologies, Toshiba Corp, and Apple, Inc., among others.
The taxonomy of the Docking Stations Market by its scope and segmentation is as follows:
Global Docking Station Market: By Product Segment Analysis
- Smartphones & Tablets
Global Docking Station Market: By Connectivity Type Segment Analysis
Global Docking Station Market: By Distribution Channel Segment Analysis
Global Docking Stations Market: Regional Segmentation Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- South-East Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- The Middle-East and Africa
- GCC Countries
- South Africa
- Rest of Middle-East Africa
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