Bay Area companies that sell computer networking and telecommunications products are on the cusp of a major industry transformation with the so-called Internet of Things, where everything from stoves and coffee pots to cars and farm tractors are being linked electronically.

One company hoping to take advantage of that is Cisco Systems of San Jose. It’s already a huge corporation, boasting annual sales of about $48 billion, 75,000 employees and a stock market value of more than $115 billion. But as more and more gadgets become computerized and connected, Cisco’s CEO, John Chambers, sees his company getting even bigger.

“The market right now needs a number one IT player” to help companies manage all the video, voice and other data being shunted from one place to another, he said in a recent interview with this newspaper. “We think we can do that.”

With Cisco already among the world’s top networking corporations, he added, it is well suited to help manage the Internet of Things, whose business impact he predicted “is going to be gigantic.”

But it’s hard to say which companies will profit from linking all those smart gadgets, said analyst Jack Gold.

“The market is changing dramatically,” he said, noting that computer networking technology is “kind of moving out of the back rooms” of major corporations and being distributed into homes and other places by the Internet of Things. As that process unfolds, Cisco could face a host of new challengers seeking to control this vast new interconnected landscape, Gold said, adding, “it’s going to be incredibly competitive.”