Inkwood Research estimates that the Global Audio Codec Market is set to register a CAGR of 5.60% in terms of revenue during the forecasting years of 2021-2028. “Browse 53 Market Data Tables and 50 Figures spread over 218 Pages, along with an in-depth TOC on the Global Audio Codec Market Forecast 2021-2028.” To know more about this report, request a free sample copy. Audio codecs are characterized as essential elements in sound systems as well as associated equipment. An audio codec entails a computer program or device capable of decoding and encoding a digital data stream that predominantly encodes and decodes audio. In terms of software, audio codes include computer programs that implement an algorithm, compressing and decompressing digital audio data as per the audio file or streaming media’s audio coding format. Surging Usage of Smartphones to Facilitate Market Growth While nearly 3668 million people utilized smartphones in 2016, this figure reached 6378 million in 202