Global docking station market was valued at US$ 1339.14 Million in 2018 and is forecast to grow at a CAGR of 5.22% from 2019 to 2024
Wednesday, 17 Jun, 2020
Docking stations are used to plug electronic and mobile devices into common peripherals. They are hardware that help portable devices connect to various peripheral devices.

Docking stations enable users to connect their portable devices to a set of peripherals through a simple connection. With the help of docking stations, portable devices such as laptops, hard drives, and mobile devices are connected to various peripherals such as monitors, speakers, mouse, and others without the need for multiple cables. Rising demand for smartphones, tablets, and notebooks is anticipated to generate high demand for docking stations in near future. In the past few years, several developments in the docking station market occurred including the release of wireless options. For instance, Dell Wireless Dock D5000 can connect to a keyboard, two monitors, USB devices, gigabit Ethernet, various hard drives, and others. It was the first docking station to provide wireless gigabit (WiGig), which uses the 60 GHz frequency band to allow a more powerful transmission than traditional Wi-Fi.
Changes in the work environment have resulted in the implementation of new policies, as employees work in the field or from their homes. Employees want to access all the important devices once they come back to their office desk without experiencing wiring problems. Docking stations provide easy access to all the devices within the office environment. An increasing number of enterprises globally are implementing BYOD policies to provide flexibility to their employees and increase employee satisfaction.
 
According to HJ Research, the global docking station market was valued at US$ 1339.14 Million in 2018 and is forecast to grow at a CAGR of 5.22% from 2019 to 2024, reaching US$ 1591.05 Million in 2024.
 
Global giant manufactures mainly distributed in USA and China, which are also two major computer-producing countries, key players in global docking station market include: Dell, HP, Lenovo, Fujitsu, ASUSTeK, Acer, Apple, Samsung etc. The key consumption markets locate at developed countries. The North America the market share of 33%, followed by Asia with 28%. Global consumption market has a quicker growing speed of CAGR 5.21%.