Verizon Communications Inc. (VZ) Chairman Lowell McAdam expects the data transportation market, including feeding information between wireless devices, to grow to $25 billion in the coming years from “basically zero” now.
Linking information from automobiles, thermostats and mobile phones will expand the need for collecting and using information they generate, the executive said at the Bloomberg New Energy Finance confernce today.
“Energy management is operating without a central nervous system,” McAdam said in New York. “Our technology is providing that central nervous system so that you can have that 700 percent growth in data traffic.”
Verizon is the second-biggest U.S. phone service provider and along with Vodafone Group Plc (VOD) owns the nation’s biggest wireless mobile-phone provider.
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