By 2028, the global docking station market is estimated to reach USD 2.20 billion, growing at a CAGR of 7.1 percent from 2021 to 2028. The growing popularity of the Bring-Your-Own-Device (BYOD) work culture, which strives to decrease expenses while enhancing flexibility and efficiency, can be contributed to the industry’s rise. Mobile computing devices, such as tablets and smartphones, are connected to displays, keyboards, printers, and other peripherals via docking stations.
In addition, the global brand awareness that Bluetooth technology provides is expected to enable the development of richer solutions with a faster time to market. The addition of mesh to the Bluetooth standard would open up considerable opportunities for improved experiences in smart homes and building automation.
Furthermore, the demand for the aforementioned computer devices is being fueled by the growing need for quicker data transfer. In addition, with the rising number of gaming subscriptions and the growing popularity of e-sports, the demand for docking stations is expected to increase in the coming years.
According to a research study, about 48 billion Internet-enabled devices are likely to be installed by 2021, of which nearly one-third would include Bluetooth. With the increasing number of Bluetooth-enabled devices, the mesh networking technology would make a significant initial impact on the commercial and industrial spaces, ultimately becoming a common technology in the larger Internet of Things system.
Moreover, governments in developing countries have undertaken various initiatives to promote the digital economy for various development purposes and solve various social issues. Moreover, digitalization can improve economic and social outcomes, and be a driving force for innovation and productivity. Digital platforms facilitate transactions, networking, and information exchange, among others.
The digital economy continues to evolve at breakneck speed, driven by the ability of digital media to collect, use, and analyze massive volumes of machine-readable information. As digital media saves time and provides the convenience of accessing data from anywhere, at any time, people worldwide are widely adopting it for various applications. Increasing focus on the digital economy would boost the demand for docking stations in the coming years.
Furthermore, the popularity of universal docking stations is increasing steadily among frequent business travelers as these stations enable them to connect with other devices such as printers, keyboards, and scanners, in addition to saving time and expenses. Furthermore, universal docking stations are extremely helpful for IT administrators as these stations can be used with the latest Ultrabook, MacBook, and Windows pro tablets and laptops, thus providing hassle-free connectivity.
- ResearchAndMarkets.com Global Docking Station Market Forecast and Analysis Report 2021-2028 by Product (Laptop, Smartphone and Tablet) and Connectivity
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