Semiconductor and Electronic Survey

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 for convenien