Wireless Docking Market Value chain and stakeholder analysis by 2023
With wireless docking, several devices can be connected over high-speed wireless connection or WiGig and linked with peripherals such as external hard drives, printers and displays with relative ease. As it is a relatively new and evolving market, the devices to be connected need to be in close vicinity with docking device.
However, companies are working towards developing this technology to connect devices over considerable distances. Also the device to be connected needs to be WiGig compatible, and only a few are today.
In the recent times, PC makers have also accelerated their efforts to adopt to WiGig standards. The global wireless docking market is poised for exponential growth in the future with massive adoption from the enterprise sector.
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There are many factors driving the global wireless docking market. The increasing popularity and adoption of wireless stations primarily from electronics consumers is expected to be one of the major drivers of the global wireless docking market.
The proliferation of wireless docking devices is owing to their portability and ease of usage. The decline in the prices of wireless docking technology is also anticipated to be a major driver of the market. Moreover, the growing usage of handheld devices such as laptops and tablets around the globe is also expected to add to the market’s growth.
The upsurge of BYOD (bring-your-own-device) and CYOD (choose-your-own-device) policies at workspace provide employees the liberty to use their own devices at work using wireless docking stations. Such changes at work have caused implementation of new policies, as employees work from home or other remote location thereby driving the market.
Moreover, there are several restraints to the growth of global wireless docking market. The higher cost of wireless docking stations, compared to their alternatives is expected to dampen the growth of wireless docking market.
The availability of cheaper alternatives is also expected to hamper the market’s growth. Since the market is in early stages, there has been a lack of standardization leading to interoperability issues. Thus compatibility and interoperability issues are also expected to restrain the growth of the market.
The global wireless docking market can be segmented on the basis of number of ports, connectivity, application and regions. On the basis of number of ports, the market can be divided into up to 3 ports, 4 to 7 ports and above 7 ports. On the basis of connectivity the market can be segmented into Wi-Fi and WiGig.
On the basis of application, the market can be divided into consumer electronics, commercial and networking. Geographically, the global wireless docking market can be segmented into North America, Europe, Asia Pacific, Middle East and Africa and South America. North America is expected to grow at an immense rate largely attributing to the region being technologically advanced.
The region also has high adoption of wireless docking stations, primarily from the enterprise segment. Europe region is also expected to hold a significant market share owing to the its growing adoption of technology. Asia-Pacific is expected to grow at a considerable pace with increasing number of IT companies, increasing internet penetration and growing disposable income among the population.
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Major players in the wireless docking market are Dell, Inc., DisplayLink, Toshiba America Information Systems, Inc., Qualcomm Technologies, Inc., Samsung Group, HP Development Company, L.P., Kensington Computer Products Group Inc., Intel Corporation, Koninklijke Philips N.V. and Targus Group International, Inc.
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