Audio Codec Market Size, Growth, Trends, Top Players &
Future Outlook In Near Years
Audio Codec Market research provides industry analysis by type,
manufacturer, application along with key factors influencing the
growth of the market which include growth drivers, restraints,
opportunities and challenges, strategically profile key players and
comprehensively
analyze
their
market
share
and
core
competencies.
Audio Codec is a device or a computer program that encodes or decodes an audio signal. A
software-based Audio Codec implements an algorithm, which is designed to compress and
decompress digital data streams. The purpose of this operation is minimizing the number of bits,
of the given audio file, while retaining its accuracy and quality and helps in reducing the demand
for storage space and bandwidth for transmission. Audio Codec ICs are used in portable media
devices or consumer applications such as mobile phones, tablets, automotive, home theatre,
PCs, and gaming systems.
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Increasing number of smartphones is one of the major driving factors for growth of
Audio Codec market
Recent past has witnessed a substantial growth in the smartphone market and is expected to
exhibit this high growth in the near future as well. According Consumers International
Organization, the number of smartphone users in the world reached to 2.1 Billion in 2016 and is
expected to be pegged at 2.9 Billion by 2019 end . Audio Codecs are one of the primary elements
used in the manufacturing of mobiles. Audio Codecs affects listening experience of the