According to the latest report by IMARC Group, titled “Smartphone Audio Codecs Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global smartphone audio codecs market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the global smartphone audio codecs market to grow at a CAGR of 5.2% during 2021-2026. An audio codec refers to a device or software that is generally used to encode and decode audio data. In line with this, smartphone audio codecs help compress and decompress audio data to minimize the storage space and bit…

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