(NewsVisual, powered by IntellectSpace) -- CiscoSystemsInc (NASDAQ: CSCO) is predicting that online video will increase Internet traffic up to sixfold between now and 2012.
Thanks to website sensations like Google Inc's (NASDAQ: GOOG) YouTube, online video has quickly become the greatest driver of Internet traffic.
Cisco conducted a study called the Cisco Visual Networking Index that found that at least half of all internet data transfers will come in the form of Internet video (see article from The Wall Street Journal).
The results could inspire Cisco and other tech and Internet companies to place more focus of their businesses on online video to take advantage of the surge. The network-equipment maker said that growth in that sector was huge in the last three years, jumping from 5% in 2005 to 30% by the end of this year, before potentially reaching 50% in 2012.
With close ties to companies like Google and Yahoo, as evident in this IntellectSpace Knowledge Map illustrating the company's Board connections, Cisco will certain reap great rewards from its strong network within Internet provider and technology industry. As the largest maker of Internet data delivery equipment, Cisco will likely be seeing a boom in business if the results of its study prove to be correct.