Audio Codec Market Activity (Audio Codec Market)

An audio codec is a hardware or software-based technology used to encode and decode digital audio signals, enabling efficient storage, transmission, and playback of sound. It compresses audio data to reduce file size while maintaining sound quality, making it essential for applications such as streaming, VoIP, gaming, and multimedia devices. Common audio codecs include MP3, AAC, Opus, FLAC, and SBC, each optimized for different use cases such as high-fidelity audio, low-latency communication, or lossless compression.