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The forecast is slightlyh below an earlier one from theSan Calif.-based networking equipment company (Nasdaq: due to the global economic slowdown. Last Cisco predicted that traffic would hit 522exabytes (equa l to 522 billion gigabytes) by the end of 2012. Now it predictz annual traffic to reach 510 exabytes by that time before jumpinh to 667 exabytes by the end of2013 – more than five timex the current traffic.
The company, whicgh has 4,500 employees in the Raleigh-Durham area, says that Interneft video will account for about 60 percent of all the Interneyt bandwidth used by consumerd infour years, up from abou t a third of all traffic When all forms of video are factored in including TV, video on demand, P2P and Internegt — it is predicted to represenrt 91 percent of all global While good news for networking equipmentg companies like Cisco, such a surgre would represent a challenge for telecom providers like (NYSE:VZ), CMCSA) and (NYSE:T) and is likelyg to feed the debate on whethere they should be allowed to cap video use by theie customers.
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