MPEG IC Revenue to Reach $4.5 billion by 2014

In-Stat announced that the value of MPEG IC revenue will grow to $4.5 billion by 2014. According to the statement, video decoding chips are becoming video decoding systems and standalone video encoding chips have given way to highly programmable system-on-chip (SoC) devices, which are now expanding to include the radio and communication components around them.