The global docking market recorded sales of over 43 million units in 2015 and is expected to reach over 50 million by 2020, growing at a CAGR of over 3%.

In this report, Technavio covers the present scenario and growth prospects of the global docking station market for 2016-2020. This market research report also includes up to date analysis and forecast for various market segments and all geographical regions.

“A key trend in this market is the growing popularity of wireless docking stations among electronics consumers. As wireless stations are easy to carry, connect, and offer ease of portability, its market share is expected to grow significantly. Key findings of this research report also indicate a decline in prices of wireless docking devices over the next four years as technology improves,” said Technavio’s market research analyst Chandrashekhar.

“Dell developed a wireless dock, D5000 that connects to keyboards, USB devices, two monitors, Ethernet, and hard drives. It is the first station of its kind that provides a wireless gigabit using 60 GHz frequency band to allow a powerful transmission compared to Wi-Fi. Similarly, other leading electronics manufacturers are also anticipated to launch wireless docking stations to meet the growing demand over the next four years,” says Chandrashekhar.

Some of the other driving forces behind the global growth of the global docking station market are increased use of handheld devices, deployment of BYOD (bring-your-own-device) and CYOD (choose-your-own-device) policies, and the use of docking station as a connector.

Increased use of handheld devices

The increasing use of handled devices such as laptops and tablets drives the market for connected accessories such as docking stations. Docking stations are used as connected hardware with handheld devices to support other external hardware.

“The emergence of convertible PCs will compel vendors to design docking stations that are compatible with these products. This will increase growth prospects of the market considering the significance of docking stations in a corporate environment, says Chandrashekhar.

Deployment of BYOD and CYOD policies

BYOD and CYOD friendly policies at workplace grants employees the freedom to bring their own devices to work. Devices carried by employees at such organizations are supported with docking stations. Employees prefer to use such stations as it helps to convert their laptops and tablets into fixed desktop station with additional connected peripherals such as mouse, keyboards, and monitors.

“The growing unit shipment for tablets and laptops globally is expected to increase the use of such devices for professional as well as personnel purposes. It is primarily expected to drive the sales of docking stations during the forecast period,” says Chandrashekhar.

Docking stations as a connector

The market is witnessing an increased use of docking stations as a connector either at individual-customer or at a commercial level. Connectors function primarily as USBs that can be easily attached to the ports across the terminals. Docking stations can also be used for desktop management, information gathering (by connecting external memory drives), and by gamers and individual customers. These connectors can also be used to connect laptops to external peripherals.

“For gamers, the docking station acts as a base station, which can be placed with a laptop, along with other connected peripherals such as a hard drive, mouse, speakers, and keyboards,” says Chandrashekhar.

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