Cisco's Chambers sees mobile data prices plunging
The forecast by Chambers comes despite a forecast of a 300% increase in data traffic over the next five years. "Price points are going to come down rapidly," stated the executive. The Cisco CEO also predicted that universal connectivity is on the way thanks to SP Wi-Fi, or Cisco’s "Service Provider Wi-Fi". This uses unlicensed spectrum to carry network traffic coming from the carriers and will save them big bucks, allowing you to reap some of the savings. Chambers says Wi-Fi will account for 80% to 90% of the growth of cellular networks.
A future with lower data plan costs? Now that is something to look forward to!