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Cisco CEO Pegs Internet of Things as $19 Trillion Market

Cisco Systems Inc. Chief Executive Officer John Chambers said that the Internet of Everything -- connected products ranging from cars to household goods -- could be a $19 trillion opportunity.

In a keynote presentation yesterday at the International Consumer Electronics Show that also featured comedian Sarah Silverman, Chambers drew a picture of a world in which objects in homes, at airports, at hotels and elsewhere that are connected to the Internet know peoples’ preferences. That could lead to consumers buying more goods, he said. Such connectivity will have other ripple effects, including linked garbage cans reducing waste management costs by 30 percent, Chambers said at the giant technology trade show in Las Vegas.