The Worldwide Audio Codec Industry is Expected to Grow at a CAGR of 5.5% Between 2020 to 2025
Share this article Share this article ResearchAndMarkets.com's offering. The audio codec market was valued at USD 6.8 billion in 2020 and is projected to reach USD 7.8 billion by 2025; it is expected to register a CAGR of 5.5% from 2020 to 2025. Some of the Factors such as penetration of internet users which are generating traffic, demand for telecommunication devices and products as there are restrictions globally amidst the pandemic and consumer trends inclined for IoT enabled smartphones and related devices. Audio codec market for headset, hearables and wearable devices application to gr...
Source: prnewswire.com