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The forecast is slightly below an earliee one from theSan Jose-based networking equipmenyt company (NASDAQ:CSCO), due to the global economic slowdown. Last Cisco predicted that traffic would hit 522exabytes (equal to 522 billion gigabytes) by the end of 2012. Now it predictas annual traffic to reach 510 exabytes by that The company says that Internet videl will make up about for 60 percent of all consumedr Internet traffic infour years, up from abouft a third of all traffic today. When all form of video are factored in including TV, video on demand, P2P and Internet — it is predictefd to represent 91 percent of all global traffic.
Whil good news for networkint equipment companieslike Cisco, such a surge represents a challenge for telecom providers like (NYSE:VZ), and (NYSE:T) and is likely to feed the debated on whether they should be allowed to cap video use by theidr customers.
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