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The increasing demand from the movie and entertainment industry worldwide is an important factor promoting market growth. In addition to this, the advent of cloud computing solutions in the media and entertainment field is also expected to help increase the 3D Audio Market size in the forecast period. Apart from this, the increasing adoption of HRTF technology is likely to boost the market in the forecast duration. Factors such as issues related to connectivity, maintenance, and installation of audio hardware may pose a challenge to the overall 3D Audio Market revenue in the forecast duration. Nevertheless, the increasing demand from the gaming industry, coupled with the rapid adoption of core communication technologies such as Bluetooth, Internet of Things, and NFC are prophesized to create lucrative opportunities for the 3D Audio Market in the forthcoming years.