31 May Cisco anticipates networked device takeover by 2017
For many people around the world, Internet connectivity is an important capability that makes everyday life simpler and more enjoyable. Considering how popular PCs have become, it's no surprise that experts have thrown a large amount of energy into bringing more technologies – and even unexpected objects – online. And according to Cisco, the number of these non-traditional networked items is only going to grow.
In a recent study, the technology firm discovered that by 2017, the non-PC share of Internet traffic will grow to 49 percent, compared to only 26 percent in 2012. Cisco noted that traffic growth rates of these other devices and objects will be significant: 104 percent for tablets, 79 percent for smartphones and 82 percent for machine-to-machine (M2M) modules.
The proliferation of M2M – also knows as the Internet of Things – is likely to have a major impact on global IP networks as the number of connections skyrockets. While there were only 2 billion in 2012, this figure is likely to hit 6 billion by 2017, and additionally, annual global IP traffic is poised to increase 20-fold over this time period to reach 3.9 exabytes.
In another report, researchers at Frost & Sullivan also emphasized that the Internet of Things is likely to become even more influential over the next several years. In North America alone, the market for M2M software and services is forecast to generate $788.4 million in revenue in 2018, up from $175.4 million in 2012.
As M2M takes hold, business leaders need to determine how to best leverage these technologies to please customers and improve their operations. By working with vetted service providers in the information technology implementation process, companies hope the potential benefits of emerging solutions can be realized.