Will video be the next killer app for mobile? Cisco, who is hoarding cash for acquisitions, seems to think so.
“Almost 64 percent of the world’s mobile traffic will be video within the next five years, according to Cisco’s latest VNI (Visual Networking Index) Mobile Forecast for 2008-2013 released Feb. 10. They key driver of the mobile traffic will be laptops, netbooks and smartphones connecting to the network.
Overall, Cisco predicts global mobile traffic will increase 66-fold with a CAGR (compound annual growth rate) of 131 percent over that same five-year period. The growth rate primarily reflects the anticipated migration of users to a 4G mobile Internet that will allow consumers to view more mobile video and access a variety of mobile broadband services.”