Global Cloud Traffic to grow 4.5-fold by 2017, says Cisco report

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Global Cloud Traffic to grow 4.5-fold by 2017, says Cisco report 
As per the third annual Cisco Global Cloud Index (2012-2017),Cisco(NASDAQ:CSCO) forecasts that global Cloud traffic is expected to grow 4.5-fold -  a 35per cent combined annual growth rate (CAGR)  from 1.2 zettabytes of annual traffic in 2012 to 5.3 zettabytes by 2017. Overall, global data center traffic will grow threefold and reach a total of 7.7 zettabytes annually by 2017.

For the period 2012–2017, Cisco forecasts that 7 per cent of data center traffic will be generated between data centers, primarily driven by data replication and software/system updates. An additional 76 per cent of data center traffic will stay within the data center and will be largely generated by storage, production and development data in a virtualized environment.

People all over the world continue to demand the ability to access personal, business and entertainment content anywhere on any device, and each transaction in a virtualized, cloud environment can cause cascading effects on the network. Because of this continuing trend, we are seeing huge increases in the amount of cloud traffic within, between and beyond data centers over the next four years, said Doug Merritt, Senior Vice-President, Product and Solutions Marketing, Cisco.

From a regional perspective, the Cisco Global Cloud Index predicts that through 2017, the Middle East and Africa will have the highest cloud traffic growth rate (57 per cent CAGR), followed by Asia-Pacific (43 per cent CAGR) and Central and Eastern Europe (36 per cent CAGR).......See More

Comments

Post a Comment

Popular posts from this blog

N Chandrasekaran appointed chairman of Tata Sons

Image
The board of directors of Tata Sons, at its meeting has unanimously appointed N Chandrasekaran as executive chairman, Tata Sons. N Chandrasekaran shall take charge from February 21, 2017. The board of Tata Sons said, “Chandrasekaran has demonstrated exemplary leadership as the chief executive officer and managing director, Tata Consultancy Services. We believe he will now inspire the entire Tata group to realise its potential acting as leaders in their respective businesses, always in keeping with our value system and ethics and adhering with the practices of the Tata group which have stood it in good stead.” Chandrasekaran was the chief executive officer and managing director of Tata Consultancy Services since 2009. A Tata lifer, he had joined the company in 1987 and was appointed as a director on the board of Tata Sons on October 25, 2016.
Read more

Visa buys NFT based CryptoPunk and paid $150,000 in Etherium

Image
Visa buys NFT based CryptoPunk and paid $150,000 in Etherium:  Leader in the digital payments   Visa   has purchased a digital CryptoPunk for $150,000, marking the company's first ever   NFT   purchase. The deal is clearly shows that, Visa is stepping into the world of NFTs with its purchase of   CryptoPunk 7610 .   Going forward, NFTs and Visa to align and integrate them in new brand strategy to gain a sizable market share. However, NFTs have often been compared to physical collectible items like rare trading cards and works of art.   The CryptoPunk 7610, which feBlatures a female punk with a mohawk and large green eyes. "We envision there could be a future where your crypto address becomes as important as your mailing address," Visa's Head of Crypto said.   An NFT - which stands for non-fungible token - is a unique digital asset designed to represent ownership of a virtual item. Unlike bitcoin and other cryptocurrencies, NFTs can’...
Read more

Prizm Payment Services changes its name to Hitachi Payment Services

Image
Hitachi Payment Services Pvt. Ltd has changed its corporate name from Prizm Payment Services Pvt. Ltd (“Prizm Payment Services”) to Hitachi Payment Services Pvt. Ltd (“Hitachi Payment Services”). “The new name reflects Hitachi’s commitment to business expansion in India, and to build a strong global financial payments offering leveraging the expertise of the Prizm Payment Services acquisition. Hitachi sees immediate potential to grow in the Asian subcontinent markets with the epicentre of growth being India, and migrate into other markets. Also, the name change will have no change on Prizm Payment Services’ operations,” said Loney Antony, Managing Director, Hitachi Payment Services. “Hitachi had acquired Prizm Payment Services with the aim of accelerating global development of IT services businesses targeting financial institutions, particularly in the fast-growing Asian region, and the company has been the gateway of entering into the services business in India for Hitachi. We ...
Read more