A new report from Research and Markets (www.researchandmarkets.com) predicts that the global docking station market will grow at a CAGR [compound annual growth rate] of 5.87 % during the period 2017-2021.

The latest trend gaining momentum in the market is growing market for wireless docking stations, according to the research group. The growing popularity of wireless electronic devices, such as laptops and smartphones, is encouraging docking station manufacturers to design and produce docking stations that can connect to laptops and smartphones wirelessly.

Docking stations are becoming important, especially in workplaces, as they provide employees the freedom to use external monitors and other input devices with ease. However, wired docking stations add a constraint to the workplace as they restrict the mobility of users.

According to the Research and Markets report, one of the major drivers for this market is growing demand for portable workstations. With businesses going global and firms developing IT infrastructure to meet business requirements even while on the move, laptops are facing tough competition from advanced electronic gadgets, such as smartphones, tablets, and phablets.

With the growth in self-employment and optimization of workplaces, employers are focusing on providing users with options for working while on the move. Docking stations give users the liberty to operate from different locations, limiting the need to operate from a specific location, notes Research and Markets.