According to a recent report by KDMI, Docking Station Market is anticipated to Boom by 2024

KD Market Insights has published a new report on  Docking Station market analysis and forecast 2018-2024. The report comprises of Docking Station market size, Y-o-Y growth analysis, and market dynamics, including growth drivers, restraining factors, opportunities, and trends which are spearheading current nature and future status of the market.

Rapid Digitalization Across the Globe is Likely to Drive the Global Docking Station Market at 5.6% CAGR During 2019 & 2024.

Global docking station market accounted for USD 1,494.80 Million in 2018 and is estimated to reach notable revenue by 2024, registering a compound annual growth rate (CAGR)of 5.6% between 2019 and 2024.

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Rising Penetration of Mobile Devices

Mobile devices such as smartphones and tablet have gradually entered people everyday life. With this increasing penetration, the number of devices per person has also increased over the years. We are also increasingly using mobile in our working lives and most of us carry at least three devices to stay productive. The consumers across the globe are stoutly adopting every positional technology that can improve their lives and increase their productivity. Since docking station allows consumers to connect and power their devices easily, the docks adoption rate is growing significantly and is expected to remain ideal in the future.

Technological Advancements

Like every other technology, the docking station has gone through many technological evolutions. Today docking stations are carrying remarkable features and can fulfill every expectation of the users. Docking stations are more advanced, convenient and functional than ever. Features such as additional charging, multiple monitors connectivity, and high-speed data transfer are some of the many momentous features of docking stations, which are responsible for strong demand for docking stations. Additionally, the introduction of WiGig technology is also a key driving factor that is encouraging the demand for docking station across the globe. Also, manufacturers of docking stations are spending vast money on R&D activities and innovations of docking stations. The manufacturers are introducing docks which are more convenient and functional. For instance, the introduction of a universal docking station, which is bringing more convenience to shared and agile workspaces. These rapid technological advancements with a docking station will act as driving factors for the global docking station market in upcoming years.

Increasing BYOD Trend

Bring-your-own-device (BYOD) policies have become common within enterprise organizations and are likely to continue with its exponential growth in popularity in upcoming years. Bring-your-own-device (BYOD) trend is being accepted into almost every industry such as IT, healthcare, education, and manufacturing. Owing to this BYOD trend, the number of devices in workplaces are also increasing. BYOD is already a global phenomenon to some extent, being well established in the US and Europe, but 2018 could well be the year that it spreads beyond early adopters in APAC and LATAM countries. The docking stations are Ideal for BYOD or CYOD work environments since they can reduce the problem related to a bunch of cords and offer a clean and ideal working environment to the employees.

Growing Number of Office Spaces

Docking stations are ideal solutions for the workspaces as they offer more convenience to the employees. Docking stations are perfect solutions for travel stations used for rotating employees, guests or visitors. Other advantages of docking stations such as clean, clutter-free workspace, space-saving, and increased workstation productivity are fuelling the adoption rate of the docking station in office spaces.

Barriers in Market

Booming smartphone sales have negatively affected the sales of desktop & laptop. The desktop and laptop markets have seen a slow and steady decline since the mobile device market is booming. The falling demand for laptops is likely to adversely affect the demand for docking station in the future. Compatibility issues with most of OEMs docking stations are a major concern in global docking station market. Most of the OEM docking stations are not compatible with many laptops. This compatibility issue is restricting the growth of docking station market globally.

The growth of the wireless industry and the effects it has on consumers lives is a result of the increased demand for wireless connectivity by consumers. The growing popularity of wireless technologies is also limiting the demand for cord powered technologies, which in turn expected to restrict the growth of docking station market in future.

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Table of Content

Research Methodology
Market Definition and List of Abbreviations
1. Executive Summary
2. Growth Drivers & Issues in Global Docking Station Market
3. Global Docking Station Market Trends
4. Opportunities in Global Docking Station Market
5. Recent Industry Activities, 2018
6. Porter's Five Forces Analysis
7. Market Value Chain and Supply Chain Analysis
8. Global Docking Station Market Size (USD Million), Growth Analysis and Forecast, (2018-2024)

9. Global Docking Station Market Segmentation Analysis, By Type
9.1. Introduction
9.2. Market Attractiveness, By Type
9.3. BPS Analysis, By Type
9.4. Laptop Docking Station Market Size & Forecast (USD Million), 2018-2024
9.5. HDD Docking Station Market Size & Forecast (USD Million), 2018-2024
9.6. Others Market Size & Forecast (USD Million), 2018-2024

10. Global Docking Station Market Segmentation Analysis, By End User
10.1. Introduction
10.2. Market Attractiveness, By End User
10.3. BPS Analysis, By End User
10.4. Residential Market Size & Forecast (USD Million), 2018-2024
10.5. Commercial Market Size & Forecast (USD Million), 2018-2024

11. Global Docking Station Market Segmentation Analysis, By Bus Type
11.1. Introduction
11.2. Market Attractiveness, By Bus Type
11.3. BPS Analysis, By Bus Type
11.4. USB 3.0 Market Size & Forecast (USD Million), 2018-2024
11.5. USB C Market Size & Forecast (USD Million), 2018-2024
11.6. WiGig Market Size & Forecast (USD Million), 2018-2024
11.7. Thunderbolt 2 Market Size & Forecast (USD Million), 2018-2024
11.8. Thunderbolt 3 Market Size & Forecast (USD Million), 2018-2024
11.9. Others Market Size & Forecast (USD Million), 2018-2024

12. Global Docking Station Market Segmentation Analysis, By Display Supported
12.1. Introduction
12.2. Market Attractiveness, By Display Supported
12.3. BPS Analysis, By Display Supported
12.4. One Market Size & Forecast (USD Million), 2018-2024
12.5. Two Market Size & Forecast (USD Million), 2018-2024
12.6. More than Two Market Size & Forecast (USD Million), 2018-2024

13. Global Docking Station Market Segmentation Analysis, By Price Range
13.1. Introduction
13.2. Market Attractiveness, By Price Range
13.3. BPS Analysis, By Price Range
13.4. High Market Size & Forecast (USD Million), 2018-2024
13.5. Medium Market Size & Forecast (USD Million), 2018-2024
13.6. Low Market Size & Forecast (USD Million), 2018-2024

14. Global Docking Station Market Segmentation Analysis, By Distribution Channel
14.1. Introduction
14.2. Market Attractiveness, By Distribution Channel
14.3. BPS Analysis, By Distribution Channel
14.4. Online Stores Market Size & Forecast (USD Million), 2018-2024
14.5. Offline Stores Market Size & Forecast (USD Million), 2018-2024

Continue….

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