(Reuters) - Network equipment maker Cisco Systems Inc said Internet Protocol traffic is expected to grow at a compound annual rate of 29 percent in the next four years mainly due to strong demand for video and the prevalence of devices such as smartphones, tablets and chips that monitor energy consumption.
By 2016, annual global IP traffic is forecast to be 1.3 zettabytes - units of information - or 38 million DVDs per hour, Cisco said in its annual visual networking index forecast published on Wednesday that predicts growth from 2011 to 2016.
By comparison the traffic generated from 1984 to 2012 so far is 1.2 zettabytes, so the Internet traffic predicted for 2016 will be larger than for prior years combined, said Thomas Barnett, senior manager of Cisco's global service provider marketing group. Read More
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