HD Music Development to Boost Audio Codec Market’s Progress

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HD Music Development to Boost Audio Codec
Markets Progress

• Triton Market Research presents the Global Audio
  Codec Market report segmented by Application
  (True Wireless Stereo (TWS), Wearables, Computer,
  Over-Ear Headphones, Phones, Portables, Tablets,
  Automotive, Commercial, Home Entertainment, Smart
  Home, Other Applications), Component (Hardware
  Audio Codec, Software Audio Codec), and by
  Geography (Middle East and Africa, Europe, North
  America, Latin America, Asia-Pacific). The report
  discusses the Market Summary, Industry Outlook,
  Impact of COVID-19, Evolution Transition, Key
  Insights, Porters Five Forces Analysis, Key
  Impact Analysis, Market Attractiveness Index,
  Vendor Scorecard, Industry Components, Key Market
  Strategies, Drivers, Challenges, Opportunities,
  Competitive Landscape, Research Methodology
  Scope, Global Market Size, Forecasts Analysis
  (2022-2028).
• As per Tritons report, the global audio codec
  market is estimated to register growth at a CAGR
  of 9.27 during the forecast years 2022-2028.

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free-sample Audio codes are software or a
device expert in encoding or decoding a digital
audio data stream. It is an essential component
in various sound systems.
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Several streaming services provide HD music
libraries with the high-definition resolution,
giving users an immersive experience. The use of
high resolution audio codecs is surging due to
growing HD music streaming services. In this
regard, numerous online applications such as
Amazon Music, Spotify, and Apple iTunes are
converting their services into HD resolutions for
users, creating numerous opportunities for the
audio codec market globally. However, the
availability of open-source audio codecs on the
internet negatively impacts the overall markets
growth. The Asia-Pacific is expected to emerge as
the fastest-growing region in the audio codec
market during the forecast period. This robust
growth can be attributed to the surging
popularity of streaming media among youth.
Additionally, various new technologies like DAB,
lossless audio codecs, and others are being
tested in the region, gaining a positive
response. Therefore, as mentioned above, all
these factors are responsible for the revenue
growth of the audio codec market within the APAC
region. The prominent companies in the audio
codec market include Rohm Corporate Ltd, Dialog
Semiconductor Plc, Synopsys Technology Inc,
Synaptics Inc, Qualcomm Inc, Texas Instruments
Inc, Cirrus Logic Inc, Fraunhofer Institute of
Integrated Circuits, Analog Devices Inc,
STMicroelectronics, Barix AG, Realtek
Semiconductor Corp, Dolby Laboratories Inc,
Ittiam Systems Pvt Ltd, and Sony Group Inc. The
market requires low capital investment to develop
these solutions, attracting several new players.
While leading companies dominate the market, new
entrants are targeting the niche segments based
on specific user requirements. This indicates
that the threat of new entrants is expected to
increase in the future. Further, the existing
companies are acquiring small companies to gain a
competitive advantage, which defines the
competitive level to be high among current
players.
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