For instance, according to India Brand Equity Foundation, India is one of the main sourcing nations in the globe and accounts for around 55% market share of the US$200 to US$250 billion worldwide services sourcing businesses in the year 2019-2020. The Asia Pacific is estimated to witness high growth in the global audio codec market, owing to the increasing investment in the technology sector, epically in the developing nations in the region. For instance, according to the National Center for Education Statistics, in the second quarter of 2021, around 15.21 million personal computers were shipped in the U.S. North America is expected to hold a major share of the global audio codec market, owing to the increasing usage of personal computers in the region. For instance, according to SCMO, in 2019 there were around 2 billion personal computers in the world, which includes laptops, desktops, and servers.
The size of the global audio codec market was assessed at around US$ 5.9 billion in 2020 and increasing at a CAGR of 5.5% is estimated to reach around US$ 7.8 billion, owing to the increasing usage of personal computers in the world. Moreover, increasing product launches by key players are estimated to enhance the growth of the global audio codec market. The demultiplexer splits the audio signal into multiple channels, which are then sent to the appropriate destination. The encoders translate the digital signal into a suitable representation for playback on digital audio devices such as microphones, speakers, or headphones. Encoding the audio stream requires an encoder and a demultiplexer. There are two primary means of recording and coding audio: real-time audio codecs, which are typically used in streaming media such as web audio or live presentations, and PCM-based codecs which are employed in computer-based audio presentations.
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For instance, according to Gartner Inc., global PC shipment was around 79.4 million units in 2020's fourth quarter, which is an increase of 10.7% from the Q4 of 2019. Increasing usage of personal computers in the world is the main factor that is expected to drive the growth of the global audio codec market.
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