Semiconductor and Electronic Survey

According to a recent market research study by MarketsandMarketsTM, the audio codec industry is anticipated to grow significantly. According to the report, " Audio Codec Market   by Component Type (Hardware and Software), Application (Desktop and Laptop, Mobile Phone and Tablet, Headphones, Headset, and Wearable Devices), and Region - Forecast to 2025," the market's value will rise from USD 5.9 billion in 2020 to USD 7.8 billion in 2025, reflecting a Compound Annual Growth Rate (CAGR) of 5.5%. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=225395818 Numerous factors, such as technological developments, rising demand for high-quality audio across a range of applications, including wearable technologies, laptops, and mobile devices, are responsible for this expansion. With hardware and software components playing a critical role in supporting a wide range of applications in the digital audio domain, the industry is on the upswing. The deman...

The   Audio Codec Market   is projected to grow from USD 5.9 billion in 2020 to USD 7.8 billion in 2025, at a CAGR of 5.5%. The growth can be attributed to the rising demand IoT enables devices and shift in consumer trend towards smart devices and electronics. Software Audio Codec, by Component Type, is expected to grow at the highest CAGR during the forecast period The demand toward software audio codec products is showing the fastest growth in the forecast period as the inclination of technologies is rising towards software as it is convenient, less expensive, easily fragmented for encoding and decoding. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=225395818 Others Application, is expected to grow at the largest market share during the forecast period Others application include software platforms, broadcasting, audio production & recording, and IP telephony. As the companies are shifting towards software enabled and updated device...