Dublin, Jan. 27, 2022 (GLOBE NEWSWIRE) -- The "Global Docking Station Market By Product (Laptop, smartphones & Tablet and Others), By Connectivity (Wired and Wireless), By Distribution Channel (Offline and Online), By Regional Outlook, Industry Analysis Report and Forecast, 2021 - 2027" report has been added to ResearchAndMarkets.com's offering.
The Global Docking Station Market size is expected to reach $1,787.3 million by 2027, rising at a market growth of 6.9% CAGR during the forecast period.
Docking stations are mainly utilized to connect mobile computing devices like tablets and smartphones to different instruments such as displays, printers, keyboards, and other peripherals. In addition, the rising requirement for rapid data transfer is boosting the demand for the above-mentioned computer devices. The market growth is supported by the surge in popularity of the Bring-Your-Own-Device (BYOD) model with an aim to cut down spending and drive-up efficiency and flexibility.
In addition, the rise in popularity and rising utilization of portable devices among consumers have resulted in a drastic increment in the demand for docking stations. Also, as these stations feature multifunctional properties like audio input and output that range from USB ports, and Ethernet connectivity is expected to create new growth avenues for the players operating in the overall market. Moreover, the demand for docking stations is expected to be fueled due to the surge in popularity of multiplayer video games due to easy access to high-speed internet and compatible hardware.
COVID-19 Impact Analysis
During the initial phase of the pandemic, the requirement for docking stations increased as the majority of the companies implement social distancing norms at workplaces or asked employees to come in once a week or adopt a work-from-home model. Most of these companies only opened the office on a need-to-know basis, thereby allowing their employees to work virtually completely from home.
When the number of workers started working from home, the utilization and adoption of docking stations increased significantly as effective home working stations mandates docking device that is safe to use and sophisticated enough to manage the equipment that are majorly utilized by the employees.
Market Growth Factors:
Rising penetration of internet users and smartphones
The increasing population of smartphone users and high penetration of the internet are among the key aspects expanding the number of online users. This is expected to further augment the demand for docking stations, thereby opening new growth avenues for the overall market during the forecast period. The number of smartphone users will constantly rise in the upcoming years, which is expected to accelerate the growth of the docking station market during the forecast period. Besides, the consumption of video content has surged across the world that is expected to also accelerate the market growth.
Rise in popularity of video games due to the influence of technology
The constant technological advancements across the world have compelled people to depend on smartphones, several high-tech gadgets, and the internet. As a large number of people are engaged in playing video games, the vendors have introduced a recurring revenue model in the past few years. In addition, virtual reality products, video game tournaments, and consumer spending on video content is experiencing high growth around the world due to constant technological advancement.
Marketing Restraining Factor:
High addiction of digital gadgets and video games
Many organizations are conducting studies to evaluate the possible effects of smart gadgets on the minds of individuals, especially the young generation. In addition, people use these smart gadgets to play video games and esports which are highly addictive in nature, and people who play these games mostly end up getting addicted to such games, which could hamper the growth of the docking stations market. In addition, there are several psychological effects witnessed among the players of video games or esports, which are restricting many people from entering the world of esports, thus hampering the demand for the product.
Product Outlook
Based on the Product, the Docking Station market is segregated into Laptop, smartphones & Tablet and Others. In 2020, the laptop segment procured the maximum revenue of the market. The rise in the potential applications of docking stations across numerous industries such as e-commerce, warehouse management, and supply chain is expected to open new growth avenues for the players operating in the overall market growth during the forecast period.
Connectivity Outlook
Based on the Connectivity, the Docking Station market is bifurcated into Wired and Wireless. In 2020, the wired segment acquired the maximum revenue share of the market. Wired docking stations find potential applications in the IT sector due to the huge convenience related to these products. In addition, these devices allow faster data transfer, which is extremely important in the IT industry.
Distribution Channel Outlook
Based on the Distribution Channel, the Docking Station Market is segregated into Offline and Online. The offline distribution channel segment procured the highest revenue share of the market in 2020 and the segment is likely to showcase a similar kind of trend even during the forecasting period. The rising retail stores, particularly in developing countries like India, China, and Brazil is expected to fuel the sales of the product via offline channels.
Regional Outlook
Based on the Region, the Docking Station market is analyzed across North America, Europe, APAC, and LAMEA. In 2020, North America emerged as the leading region by obtaining the maximum revenue share of the overall docking station market. The requirement and demand for docking stations in the region is particularly witnessed among millennials and the young generation as they are more interested in e-sports.
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Key Topics Covered:
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2017, Jun - 2021, Jun) Leading Players
Chapter 4. Global Docking Station Market by Connectivity
4.1 Global Wired Market by Region
4.2 Global Wireless Market by Region
Chapter 5. Global Docking Station Market by Product
5.1 Global Laptop Market by Region
5.2 Global Smartphone & Tablet Market by Region
5.3 Global Other Products Market by Region
Chapter 6. Global Docking Station Market by Distribution Channel
6.1 Global Offline Market by Region
6.2 Global Online Market by Region
Chapter 7. Global Docking Station Market by Region
Chapter 8. Company Profiles
8.1 Hewlett Packard Enterprise Company
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.6 SWOT Analysis
8.2 Dell Technologies, Inc.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 SWOT Analysis:
8.3 Lenovo Group Limited
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Product Launches and Product Expansions:
8.4 Toshiba Corporation
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research and Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Product Launches and Product Expansions:
8.4.6 SWOT Analysis
8.5 StarTech.com Limited
8.5.1 Company Overview
8.5.2 Recent strategies and developments:
8.5.2.1 Product Launches and Product Expansions:
8.6 Targus AP
8.6.1 Company Overview
8.6.2 Recent strategies and developments:
8.6.2.1 Partnerships, Collaborations, and Agreements:
8.6.2.2 Product Launches and Product Expansions:
8.7 ACCO Brands Corporation
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 Recent strategies and developments:
8.7.5.1 Product Launches and Product Expansions:
8.7.5.2 Acquisition and Mergers:
8.9 Plugable Technologies
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Product Launches and Product Expansions:
8.1 Acer, Inc.
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research & Development Expenses
8.10.5 Recent strategies and developments:
8.10.5.1 Product Launches and Product Expansions:
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