Type of Article: MacTech Blog

New consumer research from Parks Associates (www.parksassociates. om) shows 53% of U.S. broadband households subscribe to both a pay TV service and at least one OTT video service. OTT stands for “over-the-top,” the term used for the delivery of film and TV content via the internet, without requiring users to subscribe to a traditional cable or satellite pay-TV service like a Comcast or Time Warner Cable.

Worldwide spending on mobility solutions is forecast to reach $1.72 trillion in 2021, according to new data from IDC (www.idc.com).

Although annual growth is expected to slow over the 2016-2021 forecast period, the research group still expects spending on mobility-related hardware, software, and services to see a five-year compound annual growth rate (CAGR) of 2.7%. Worldwide mobility spending will total $1.58 trillion in 2017, an increase of 4.3% over 2016.

The global smart fitness devices market is expected to reach USD 29.4 billion by 2025, according to a new report by Grand View Research (www.grandviewresearch.com). The smart fitness devices market has witnessed a rising demand among the growing urban population in a bid to enhance their fitness goals, adds the research group.

According to the research group, one driver in the market is increase in the digitization of banking services. The increased use of smartphones and tablets has led to a digital reformation in the banking sector. The BFSI sector is one of the prominent users of portable devices (for digital payments and cashless financial transactions).

Worldwide spending on security-related hardware, software, and services is forecast to reach $119.9 billion in 2021, according to new data from IDC (www.idc.com).

With nearly every industry investing in security solutions to meet a wide range of threats and requirements, spending is expected to achieve a compound annual growth rate (CAGR) of 9.6% over the 2016-2021 forecast period, notes the research group. Worldwide spending on security products and services will total $83.5 billion in 2017, an increase of 10.3% over 2016.