Regional Analysis and Market Outlook of the Audio Codec Market

1
MarketsandMarkets Presents
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.
2
MarketsandMarkets Presents
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 _at_
https//www.marketsandmarkets.com/pdfdownloadNew.a
sp?id225395818
3
MarketsandMarkets Presents
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 convenience this gives a boost to
software platforms. Moreover, the entertainment
channels such as radio, music, movies, TV shows
require audio production and recording in order
to provide best quality music to the user base,
hence require audio codec products for various
audio related applications. Speak To Analyst _at_
https//www.marketsandmarkets.com/speaktoanalystNe
w.asp?id225395818
4
MarketsandMarkets Presents
Italy, by Country, is expected to grow at the
highest CAGR during the forecast period One of
the major reasons for Italys growth in the
market is the presence huge RD facilities, top
class manufacturing companies which make quality
products and advanced supply chain which caters
globally. As Italy is hub for luxurious products
and consumer products, it has helped the country
grow in the forecast period.
5
MarketsandMarkets Presents
Key Players Key Players in the Audio Codec
Market include Cirrus Logic (US), Qualcomm (US)
and Realtek Semiconductor (Taiwan). Cirrus Logic
is a well-known player for providing innovative
and customized audio codec solutions and products
in the Audio Market. Browse For More Details -
https//www.marketsandmarkets.com/Market-Reports/a
udio-codec-market-225395818.html
6
MarketsandMarkets Presents
About MarketsandMarkets MarketsandMarkets is a
blue ocean alternative in growth consulting and
program management, leveraging a man-machine
offering to drive supernormal growth for
progressive organizations in the B2B space. We
have the widest lens on emerging technologies,
making us proficient in co-creating supernormal
growth for clients. The B2B economy is
witnessing the emergence of 25 trillion of new
revenue streams that are substituting existing
revenue streams in this decade alone. We work
with clients on growth programs, helping them
monetize this 25 trillion opportunity through
our service lines - TAM Expansion, Go-to-Market
(GTM) Strategy to Execution, Market Share Gain,
Account Enablement, and Thought Leadership
Marketing.
7
MarketsandMarkets Presents
Contact Mr. Aashish Mehra MarketsandMarkets
INC. 630 Dundee Road Suite 430 Northbrook, IL
60062 USA 1-888-600-6441 Email
sales_at_marketsandmarkets.com Visit Our Website
https//www.marketsandmarkets.com Content
Source https//www.marketsandmarkets.com/PressRel
eases/audio-codec.asp