Audio Codec Market Surges Past US$ 10 Billion Mark by 2033, Fueled...

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2024-06-10 07:21:24 -

Audio Codec Market Surges Past US$ 10 Billion Mark by 2033, Fueled by 5.2% CAGR

The worldwide audio codec market is forecasted to advance with a compound annual growth rate (CAGR) of 5.2%, projected to increase from its current value of US$ 6 billion to US$ 10 billion by the conclusion of 2033. An audio codec, short for coder/decoder, represents both an integrated circuit (IC) and computer-based application designed for compressing and decompressing data streams and...

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