The Global Audio Codec Market Continues To Grow Owing To the Increasing Adoption of Personal Computers in the World

Audio Codec Market Forecast : Market Will Boom In Near Future

𝗥𝗲𝗽𝗼𝗿𝘁 𝗣𝗮𝗴𝗲𝘀: [130 Pages]

Market Overview:

An audio codec is a computer program or device capable of decoding or encoding a digitally-enriched audio data stream that encodes or compresses audio as a result of the digital information being expressed as a series of numbers, letters, or symbols. The compression process of an audio codec involves the reduction of the bitrates, which are the amount of stored data required to represent one audio sample, by the size of the compressed file. For compression to work on the audio codec, a loss-less data compression algorithm is used. This algorithm compresses all data without changing any existing data and therefore the decompressed audio stream will not be capable of passing all loss-limiting checks, such as those employed for compression of video codecs.

𝗚𝗼 𝗳𝗼𝗿 𝗺𝗼𝗿𝗲 𝗱𝗲𝘁𝗮𝗶𝗹 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗮𝗯𝗼𝘂𝘁 𝗔𝘂𝗱𝗶𝗼 𝗖𝗼𝗱𝗲𝗰 𝗠𝗮𝗿𝗸𝗲𝘁
https://www.coherentmarketinsights.com/ongoing-insight/global-audio-codec-market-1811

Competitive Landscape:

Major players operating in the global audio codec market include Realtek Semiconductor, Qualcomm, and Cirrus Logic.

Key Market Drivers:

Increasing usage of personal computers in the world is the main factor that is expected to drive the growth of the global audio codec market. For instance, according to Gartner Inc., global PC shipment was around 79.4 million units in 2020's fourth quarter, which is an increase of 10.7% from the Q4 of 2019. There are two primary means of recording and coding audio: real-time audio codecs, which are typically used in streaming media such as web audio or live presentations, and PCM-based codecs which are employed in computer-based audio presentations. Encoding the audio stream requires an encoder and a demultiplexer. The encoders translate the digital signal into a suitable representation for playback on digital audio devices such as microphones, speakers, or headphones. The demultiplexer splits the audio signal into multiple channels, which are then sent to the appropriate destination. Moreover, increasing product launches by key players are estimated to enhance the growth of the global audio codec market.

Covid-19 Impact Analysis:

Owing to increasing COVID-19 cases in the world, several technology sectors and production units faced a lot of challenges. However, key market players have still focused on launching newer and advanced technologies for meeting the increasing demand for IoT-based gadgets and software systems during the pandemic. For instance, in January 2020, Qualcomm Technologies introduced a new voice codec called aptX voice audio, which can provide very high-definition voice over Bluetooth wireless connections.

Get 𝗣𝗗𝗙 Sample Copy:
https://www.coherentmarketinsights.com/insight/request-sample/1811

Key Takeaways:

The size of the global audio codec market was assessed at around US$ 5.9 billion in 2020 and increasing at a CAGR of 5.5% is estimated to reach around US$ 7.8 billion, owing to the increasing usage of personal computers in the world. For instance, according to SCMO, in 2019 there were around 2 billion personal computers in the world, which includes laptops, desktops, and servers.

North America is expected to hold a major share of the global audio codec market, owing to the increasing usage of personal computers in the region. For instance, according to the National Center for Education Statistics, in the second quarter of 2021, around 15.21 million personal computers were shipped in the U.S.

The Asia Pacific is estimated to witness high growth in the global audio codec market, owing to the increasing investment in the technology sector, epically in the developing nations in the region. For instance, according to India Brand Equity Foundation, India is one of the main sourcing nations in the globe and accounts for around 55% market share of the US$200 to US$250 billion worldwide services sourcing businesses in the year 2019-2020.

Major Players in Current Industry: Cirrus Logic, Inc., Qualcomm Inc., Realtek Semiconductor Corp., Analog Devices, Inc., Maxim Integrated Products, Inc., Stmicroelectronics N.V., Texas Instruments Inc., DSP Group, Inc., Dolby Laboratories, Inc., Technicolor SA

Go Through Our Trusted Clients List: https://www.coherentmarketinsights.com/trusted-by

Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

This release was published on openPR.