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Global music streaming market to grow at a CAGR of 14.05%

The global music streaming market to grow at a CAGR [compound annual growth rate] of 14.05% during the period 2017-2021, according to Research and Markets (www.researchandmarkets.com).

According to the research group, one of the major drivers for this market is High growth in mobile ad spending market. Mobile advertising is currently one of the most popular methods of advertising. The increased penetration of smartphones and tablets worldwide is one of the major driving forces for the growth of digital music.

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Global OTT market predicted to reach $165 billion by 2025

The global over-the-top (OTT) devices and services market is expected to reach $165 billion by 2025, according to new data from Research and Markets (www.researchandmarkets.com).

The rising penetration of mobile devices, such as tablets and smartphones, and advancements in consumer electronics devices such as smart TVs, are estimated to drive the demand for OTT content and services amongst the masses over the forecast period, adds the research group.

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