Worldwide Audio Codec Industry to 2028 - Expansion of Cinema and OTT Platforms Present Opportunities
The global market for audio codecs is expected to register revenue growth at a CAGR of 9.27% over the forecasting period 2022-2028.
- The global market for audio codecs is expected to register revenue growth at a CAGR of 9.27% over the forecasting period 2022-2028.
- In addition, the development of HD music streaming and the expansion of OTT generates new opportunities for the global market.
- The global audio codec market includes North America, Asia-Pacific, Latin America, Europe, and the Middle East and Africa regions.
- Furthermore, the adoption of an enhanced voice services codec that is standardized for mobile communication has contributed to the growth of the audio codec market.