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$25B



      Cisco Software                                                                                             $24B




            Opportunity                                                          $17B



                                                                                                                                   $6B
      $90B TAM by 2019, 9% CAGR










                                                                                   18%             18%              7%             13%
                             Cisco                                                CAGR            CAGR            CAGR            CAGR


     40%                     Recurring                                              Network & Compute


                             Revenue by                                             Analytics & Automation



                             2021                                                   Security
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