Exploring the Booming Audio Codec Market: A $7.8 Billion Industry by 2025
The Audio Codec Market is expanding rapidly and is anticipated to reach USD 7.8 billion in value by 2025, with a compound annual growth rate (CAGR) of 5.5%. The market was worth USD 5.9 billion in 2020. Any hardware or software that compresses or decompresses digital audio data for transmission or storage is referred to as an audio codec. These codecs are essential for a number of...
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