Nokia, a leading technology company, has unveiled its Technology Strategy 2030, which aims to adapt and transform networks to meet the demands of emerging technologies. The strategy identifies trends such as artificial intelligence (AI), cloud computing, and digital twins that will shape the future of technology and networks. Nokia predicts that global network traffic will grow at a Compound Annual Growth Rate (CAGR) of 22% to 25% from 2022 to 2030, driven by the increased adoption of AI, machine learning (ML), extended reality (XR), and billions of connected devices. To meet these growing demands, networks need to be reliable, secure, and cognitive.
Nokia’s Chief Strategy and Technology Officer, Nishant Batra, emphasized the need for radical changes to network architecture to address the challenges of tomorrow. He highlighted the three important trends facing industries: AI, cloud, and the evolution of connectivity. Nokia’s Technology Strategy 2030 aims to provide a future network architecture that enables innovation, sustainability, productivity, and collaboration.
The strategy focuses on key trends that will impact service providers, enterprises, and industries over the next decade. These trends include AI, cloud continuum, metaverse, API economy, Industry 5.0, Internet of Value, sustainability, and security. Nokia believes that ultra-responsive and secure networks are essential for these trends to thrive.
According to Nokia’s Global Network Traffic 2030 report, end-user data traffic demand is projected to increase at a CAGR of 22% to 25% from 2022 to 2030. The report estimates that global network traffic demand will reach between 2,443 to 3,109 exabytes (EB) per month by 2030. Additionally, if cloud gaming and XR adoption rates increase in the coming years, the CAGR could reach as high as 32%. To support these demands, networks need to be cognitive and automated, utilizing AI, ML, and addressing the transformative needs of organizations and consumers.
Industry experts, including Jerry Caron, Global Head of Research & Analysis at GlobalData Technology, highlight the need for service providers and enterprises to embrace Nokia’s Technology Strategy 2030. Caron suggests that the industry must transform itself from traditional, vertically integrated structures to a more horizontal, API-driven future that is sustainable, scalable, and automated.
Nokia’s Technology Strategy 2030 sets the stage for the next phase of digital transformation, enabling the adoption of cutting-edge technologies and facilitating innovation, sustainability, productivity, and collaboration. With the exponential growth of network traffic in the coming years, the success of emerging technologies relies on reliable, secure, and cognitive networks.
About Nokia:
Nokia is a B2B technology innovation leader, creating networks that sense, think, and act across mobile, fixed, and cloud networks. They also focus on creating value with intellectual property and long-term research. Nokia is trusted worldwide by service providers, enterprises, and partners to deliver secure, reliable, and sustainable networks.
