ALBANY, N.Y.--(BUSINESS WIRE)--Transparency Market Research has published a new research report, titled “Docking Station Market (Type - Laptop Docking Stations, Hard Drive Docking Stations and Mobile Device Docking Stations) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020.”
According to the report, the global docking station market is expected to reach US$6.02 billion by 2020, growing from a market value of US$4.20 billion in 2013 at 5.3% CAGR from 2014 to 2020.
Docking stations help users connect their portable devices to various external devices such as printers, mouse and keyboards. The rising trends of choose your own device (CYOD) and bring your own device (BYOD) policies, advantages of docking stations for smartphone users, wide adoption of docking stations and an increase in the number of handheld devices have boosted the docking station market.
According to product type, the market includes hard drive docks, laptop docks and mobile devices docks as the three major segments. Laptop docking stations are the largest segment of the market. It accounted for around 55% of the market in 2013. The mobile devices product segment is also expected to grow rapidly until 2020.
According to technology, the docking station market is segmented into wired and wireless docking stations; wired docking stations have the largest share in the overall market in terms of revenue.
Docking stations are widely adopted by many small- and medium-scale enterprises (SMEs) and large enterprises. The commercial applications segment is witnessing high growth due to the increasing number of USB 3.0 ports and growing preference for wireless charging. North America accounted for around 45% of the global market in 2013, due to the wide adoption of docks in the enterprise segment.
- Mobile Applications Market: http://www.transparencymarketresearch.com/mobile-applications-market.html
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Transparency Market Research (TMR) is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.