Tech market is expected to bring in outstanding profits in the next decade. This announcement has been made by the CEO of Cisco named John Chambers who is expecting the profit figures to be in $14 trillion. The new technology is named as Internet of Things (IoT). IoT is all about to put different types of Intimate objects mainly door locks, cars, small meters, appliances, health care devices, video surveillance, thermostats and many others. The new tech ‘Internet of things’ is expected to be a leverage point of Internet technology in the next 10 years.
The profit figures of $14 trillion were announced in D11 conference made by AllThingsD’s. It is expected that the new tech will embrace the IT world with huge profits and on the basis of this concept it is supposed to come up with trillions of profit. The company has also released a report on the latest trends. This is based upon the researches made by Cisco. Reports have also predicted by the year 2017 there will be billions of machines on Internet and the figure is expected to be 2.8 billion.
These 2.8 billion devices are expected to represent 30% of the devices that are connected to internet worldwide. It is up from 17% in 2012 and 960 devices. These internet devices are expected to lead to support jobs; services, apps and it cause the service providers and business processes to upgrade the network features. There is no doubt in that it will bring in huge profits to the company and it will also put in a lot of money. Networks are an integral part of education, government and business. Of course home communication is also something that cannot be missed out.
Most of the mobile IP networking companies, business and residential are being driven by a huge combination of videos, applications for advanced collaboration and social networking. This is termed as ‘visualized networking’. Another ongoing effort by the company is Cisco Visual Networking Index. The main motive behind this is to analyze and focus on the growth of IP (Internet Protocol) networks throughout the world. It will also analyze its usage.