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Global Audio Codecs Market Report, 2022-2024 and 2030 – Efforts Focus on Developing Wireless Audio Codec Standard to Improve Fidelity

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DUBLIN, Feb. 26, 2024 /PRNewswire/ — The “Audio Codecs – Global Strategic Business Report” report has been added to  ResearchAndMarkets.com’s offering.

The global audio codecs industry is on a steadfast growth trajectory, with current evaluations documenting a robust US$6 Billion in 2022 and projections estimating an impressive ascent to US$8.8 Billion by the year 2030. This growth reflects a compounded annual growth rate (CAGR) of 4.9% within the assessment period extending from 2022 to 2030.

Hardware Segment to Achieve Substantial Growth

Substantive analysis within the comprehensive report sheds light on varied segments, notably revealing that hardware is slated to expand at a CAGR of 4.7%, potentially reaching a remarkable US$6.6 Billion by the close of the analysis tenure. As the industry navigates a post-pandemic landscape, the software component of audio codecs is anticipated to adapt with a reinvigorated 5.6% CAGR throughout the subsequent 8-year interval.

Geographical Market Insights

The United States, with its advanced technological infrastructure, boasts an audio codecs market valued at US$1.6 Billion in 2022. On the other end of the spectrum, China—a dominant force in the global economy—is tipped to climb at an 8.2% CAGR, propelling its market size to US$1.9 Billion by 2030. This significant growth is partially attributed to China’s progressive relaxation of its zero-Covid policy and the anticipated ‘bumpy’ yet optimistic economic reawakening. Other geographical markets, such as Japan and Canada, are projected to showcase growth at 2.5% and 4%, respectively, within the same period. Germany emerges within the European context with a forecasted 3.2% CAGR.

Current Market Dynamics and What’s New?

The report collates data and insights on a spectrum of vital factors influencing the market’s progress, including deep-dive analysis of the effects stemming from the ongoing RussiaUkraine conflict, global inflationary pressures, supply chain perturbations, intensifying global trade tensions, and the looming threat of a recession.

This meticulously crafted report features:

An assessment of the global competitive landscape, including key competitors’ market sharesDetailed evaluation of market presence across multiple geographies from strong and active to niche and trivial standingsInteractive, peer-to-peer collaborative updates provided through a state-of-the-art digital platform, ensuring clients stay informed with the latest industry developments

MARKET TRENDS & DRIVERS

Rising Adoption of Smartphones and Tablets: A Growth Opportunity for Audio Codecs MarketGlobal Smartphone Shipments in Million Units for the Years 2016 through 2024Global Shipments of Tablets in Million Units for 2014 through Q1 2019Smartphone Audio Codecs Market: Rising Adoption of Smartphones Drives GrowthGlobal Smartphone Audio Codecs Market: Percentage Breakdown of Revenues by Hardware and Software for 2019With Smartphones Use Rising, Need for High-Quality Voice Calls Drives Need for a Superior Audio CodecGrowing Internet Penetration Rates, Massive Increase in Data Traffic, and Rise in Mobile Subscriptions: Opportunity for Audio Codec MarketGrowing Sales of Bluetooth-driven Devices and Bluetooth’s Popularity as a Technology for Wireless Audio Streaming Fuels Demand for Advanced Audio CodecsGlobal Bluetooth Speakers Market: Annual Sales in US$ Billion for the Years 2019, 2021, 2023 and 2025With Wireless Set to be the Future of Headphones, Efforts Focus on Developing Wireless Audio Codec Standard to Improve FidelityEnhancing Performance with Modified SBC codec (mSBC)Fraunhofer Institute Discontinues MP3 FormatWith MP3 Discontinued, Audio Codec Supporting Fully Lossless, Multi-use, High resolution, Open and Secure Parameters to Emerge as the StandardFraunhofer’s Object-Based Audio Codec Emerges as the Future of Immersive SoundFraunhofer’s Enhanced Voice Services (EVS) Standard: Promise of Unprecedented Voice Call QualityFLAC: A High-Definition MP3 FormatxHE-AAC: A Codec Designed for Adaptive Streaming and Digital RadioInnovations & AdvancementsMicrochip Technology Unveils Bluetooth 5.0 Audio SoC for Enabling High Resolution Wireless AudioQualcomm Unveils Qualcomm Aqstic Audio Codecs for SmartphonesDialog’s DA740x Highly-Integrated Audio Codec Chips: Providing a Mix of Noise Cancellation and Low Power Consumption AdvantagesAudio Codec Formats

FOCUS ON SELECT PLAYERS (Total 32 Featured)

Analog Devices, Inc.Cirrus Logic, Inc.Dolby Laboratories, Inc.DSP Group, Inc.Fraunhofer IIS Development Center for X-ray TechnologyMaxim Integrated Products, Inc.Qualcomm, Inc.Realtek Semiconductor Corp.STMicroelectronicsTechnicolor SATexas Instruments, Inc.Xiph.Org Foundation

For more information about this report visit https://www.researchandmarkets.com/r/u63ssq

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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Research and Markets
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SOURCE Research and Markets

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Stagwell (STGW) Appoints Connie Chan as Chief Growth Officer for Asia Pacific

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A catalyst for growth and innovation, Chan brings decades of cross-market expertise to power Stagwell’s next phase of growth in APAC

SINGAPORE, May 18, 2025 /PRNewswire/ — Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, today announced the appointment of Connie Chan as Chief Growth Officer, Asia Pacific, effective July 2025. Based in Singapore, Chan will be responsible for leading Stagwell’s growth strategy and operations across APAC markets, with a focus on accelerating transformation, scaling integrated capabilities, and deepening relationships in local markets.

This appointment builds on Stagwell’s growth momentum across APAC on the heels of acquiring ADK GLOBAL earlier this year. Stagwell APAC now encompasses 2,500 employees across 34 APAC offices.

Chan will report to Ryan Linder, EVP, Global Chief Marketing Officer. “As the global marketing landscape continues to shift, Asia Pacific stands out as a region of extraordinary opportunity. Connie’s leadership will be instrumental as we build a network that not only responds to the complexity of today, but sets the pace for what’s next,” said Linder.

“Connie doesn’t just drive growth. She builds momentum that breaks the sound barrier,” said Randy Duax, Stagwell’s Managing Director, Asia Pacific. “We’ve spent the last three years building the kind of platform the holding companies said couldn’t be done—media, creative, strategy and PR moving as one, built for speed, wired for scale. Connie isn’t here to learn the playbook. She’s here to call the next play.”

Chan brings a track record of transformative leadership spanning decades in media, marketing, and strategic communications. Most recently, she served as CEO of OMD China, where she oversaw the agency’s operations in Shanghai, Beijing, and Guangzhou, with a focus on driving growth and creativity, and inspiring teams with a strong focus on culture. Prior to that, Chan held leadership roles at WPP, including Executive Director of the Government & Public Sector Practice in Singapore, and Chief Client Officer for APAC at MEC (now Wavemaker), focusing on strategic client partnerships.

Upon her appointment, Chan reflected, “I’ve always believed in the power of strategic clarity and bold ideas. At Stagwell, we have the talent, the ambition, and the platform to build work that matters – and impact that endures.”

Stagwell

Stagwell is the challenger holding company built to transform marketing. We deliver scaled creative performance for the world’s most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our specialists in 45+ countries are unified under a single purpose: to drive effectiveness and improve business results for our clients. Join us at www.stagwellglobal.com.

Media Contact:

PR@Stagwellglobal.com 

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SOURCE Stagwell Inc.

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Das Marketing Shares Concerns Over Corporate Service Experience in Singapore

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Das Marketing International reports serious issues with a Singapore service provider, urging businesses to exercise due diligence and know their legal rights.

SINGAPORE, May 18, 2025 /PRNewswire-PRWeb/ — Das Marketing International Group Pte. Ltd. would like to share important information about its experience with an external corporate secretarial provider in Singapore – Investbanq Corporate Services Pte. Ltd.

During our cooperation, we encountered a number of serious operational and management issues that significantly impacted our business, including:

Refusal to carry out key corporate transactions, which caused significant delays in our business, instead requested for unreasonable compliance inquiry including source of fund of the transactions.

Requesting excessive and confidential information and documentation, without clear justification, including reason for transactions, original agreements, source of capital and tax information.

Refusal to arrange a meeting with a compliance specialist despite verbal requests and demands for direct interaction on regulatory matters.

Demanding unreasonably high budget of USD 20k for legal counsel despite low risk situations.

Refusal to perform actions despite clear instructions given as a client.

Overall a horrible client experience.

Fortunately, the current Singapore legislation allowed us to promptly change the nominee director and corporate secretary, restoring control over the management of the company without the involvement of the previous provider.

We strongly recommend that companies operating in Singapore carefully select corporate service providers, enter into written contracts in a timely manner and be well aware of their rights under the Companies Act and other regulations.

Das Marketing International Group Pte. Ltd. remains committed to the principles of transparency, professionalism and strict compliance with Singapore laws.

Media Contact

Director, Das Marketing International Pte. Ltd., 1 3152803039, shgdasm@proton.me

View original content:https://www.prweb.com/releases/das-marketing-shares-concerns-over-corporate-service-experience-in-singapore-302456320.html

SOURCE Das Marketing International Pte. Ltd.

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Club Offers Released on May 18, 2025

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NEW YORK, May 18, 2025 /PRNewswire/ — Travelzoo® (NASDAQ: TZOO), the club for travel enthusiasts, announces the release of Club Offers for Club Members.

Rigorously vetted and negotiated for us travel enthusiasts in the U.S.:

$499—A CASTLE IN TUSCANY: 6 NIGHTS WITH FLIGHTS
Explore Tuscany for 6 nights with a 12th-century castle as your home base. Flights from the U.S. and a rental car are included.$399—ALL-INCLUSIVE BEACH VACATION WITH FLIGHTS
Escape to Cancun and spend 5 nights at an all-inclusive resort with direct beach access (flights included). Club Members save 56% when compared to what everyone else pays.$99—HOTEL STAYS NATIONWIDE WITH NO RESORT FEES
We’ve negotiated savings of up to 75% off regular rates at 10 well-reviewed hotels in major cities across the country, including Boston, Chicago, Miami, San Francisco. Even better, all resort fees are waived.$1999—ALL-INCLUSIVE MALDIVES OVERWATER VILLA FOR 2
Enjoy ocean views while relaxing in your 5-star overwater villa for 5 nights. All meals and drinks are included.$299—NORTHERN LIGHTS TRIP WITH FLIGHTS
Watch the skies come alive in Iceland on this 3-night adventure. Includes flights, hotel, breakfast and northern lights tour. You save $650.HALF PRICE—TREATMENTS AT 500+ SPAS
Spend $75 and get a $150 gift card valid for treatments at hundreds of spas nationwide. You won’t find this offer anywhere else.

Some offers have limited inventory and are subject to availability.

Are you a travel enthusiast? Join the club today: https://travelzoo.com.

About Travelzoo

We, Travelzoo®, are the club for travel enthusiasts. We reach 30 million travelers. Club Members receive Club Offers personally reviewed by our deal experts around the globe. We have our finger on the pulse of outstanding travel, entertainment, and lifestyle experiences. We work in partnership with thousands of top travel suppliers—our long-standing relationships give us access to irresistible deals.

Travelzoo is a registered trademark of Travelzoo. All other names are trademarks and/or registered trademarks of their respective owners.

Media contact:
Paige CramLos Angeles
+1 609 668 0645
pcram@travelzoo.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/club-offers-released-on-may-18-2025-302458392.html

SOURCE Travelzoo

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