Shashie Pawar

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Wireless Audio Device Market Anticipates Significant Gains Through 2027

The wireless audio device market will witness a healthy growth from 2016 to 2027, a research report suggests. Growing at a CAGR of 17%, the market is projected to reach USD 70 billion by 2027. Increasing use of wireless audio devices in the commercial sector is expected to support the market growth along with increasing need for mobility services. As predicted by analysts, low research and development budgets will negatively affect the market’s performance from 2016 to 2027. During the forecast period, the market will be supported by the demand for mobility services amongst consumers and efficient connectivity and ease of access of information. The lack of effective communication on the other hand will challenge audio equipment sector based organizations functioning in the global wireless audio device market. Analysts have split the market into product, technology, and end-users segments based on products and services. 


 

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