Global Smartphone Audio Codecs Market Poised for Significant Growth, Reaching $8.4 Billion by 2028
The global smartphone audio codecs market has witnessed remarkable growth, reaching a valuation of US$ 6.5 billion in 2022.
- The global smartphone audio codecs market has witnessed remarkable growth, reaching a valuation of US$ 6.5 billion in 2022.
- Audio codecs, also known as sound codecs, play a crucial role in compressing and decompressing audio data streams to reduce bit rates and storage requirements.
- The surge in smartphone sales, coupled with escalating mobile data traffic, serves as a pivotal factor driving the global smartphone audio codecs market.
- The comprehensive report provides an analysis of key trends within sub-segments of the global smartphone audio codecs market, offering forecasts at global, regional, and country levels from 2023 to 2028.