Global internet traffic will nearly triple over the next five years, according to the latest Cisco Visual Networking Index (VNI).
The rapid rise will, according to Cisco, be driven by video consumption, which will total a compound annual growth rate (CAGR) of 22 per cent.
Over a billion new internet users are forecasted to appear by 2020, rising from the current three billion to 4.1 billion.
Cisco stated that, over the next five years, global IP networks will support up to ten billion new devices and connections, increasing from 16.3 billion in 2015 to 26.3 billion by 2020.
“The digital transformation is happening now for billions of consumers and businesses users across the globe,” said Doug Webster, vice president of service provider marketing, Cisco.
“Innovation is imperative for Cisco and its service provider customers to deliver scalable, secure, high-quality services and experiences over all types of broadband network infrastructures.”
The Cisco VNI went on to forecast that internet video will account for 79 per cent of global internet traffic by 2020 – up from 63 per cent in 2015.
HD and UHD will make up 82 per cent of internet video traffic by 2020 – up from 53 per cent in 2015.