Nokia expects to recognize the revenue related to this new patent license agreement starting in January 2024. The agreement is consistent with the assumptions Nokia has disclosed in the commentary with respect to Nokia Technologies long-term outlook in its Financial Report for Q1 issued on April 20, 2023.
Nokia Technology Strategy 2030 - Emerging technology trends and their impact on networks14. 11. 2023 Tuesday / By: Robert Denes / Industrial / Exact time: BST / Print this page
N okia's Technology Strategy 2030 is a core strategy to maximize the potential of emerging technologies such as artificial intelligence and the cloud and enable the adoption of these technologies. According to the Nokia Global Network Traffic 2030 report, demand for global communications networks will grow at a compound annual growth rate of 22-25 percent between 2022 and 2030.Espoo, Finland – Nokia has announced its 2030 technology strategy, which highlights the trends and emerging technologies that will shape technology, networks and the world over the next seven years. According to our new Global Network Traffic 2030 report, network traffic is on the rise and we predict it will increase dramatically over the next decade. The main drivers of growth are the latest trends such as artificial intelligence (AI), machine learning (ML), cross-reality (XR), digital twins, automation and billions of devices. To take advantage of the exponential potential of these technologies and to solve the greatest challenges of the future, networks must adapt and transform. Durable, accessible and sustainable innovation requires reliable, secure and cognitive networks.
Nishant Batra, Nokia's chief strategy and technology officer (CSTO), said: "Nokia's 2030 technology strategy directly reflects the state-of-the-art technology adoption of the past decade. A fundamental shift is needed. Businesses across industries are facing three trends: artificial intelligence, with the continued evolution of cloud and connectivity. Our 2030 technology strategy aims to shape the future of our customers and our industry. It presents a network architecture that enables the innovation, sustainability, productivity and collaboration that is only possible with the exponential power of networks."
Nokia's 2030 Technology Strategy identifies the trends and emerging technologies that will impact carrier, enterprise and industry networks over the next decade and shows how Nokia can support network evolution. The main trends introduced in Nokia's 2030 technology strategy are: AI, Cloud Continuum, Metaverse, API Economy, Industry 5.0, Value Internet, Sustainability and Security. All these trends are based on ultra-sensitive and highly secure networks.
Nokia Global Network Traffic 2030 Report end-user data traffic will grow from 22% to 25% per year from 2022 to 2030. Global network traffic demand in 2030 is expected to reach 2443-3109 exabytes (EB) per month. If cloud gaming and XR penetration rates increase in the second half of this period, we forecast an average annual growth rate of 32%. To meet future demand growth, networks must leverage AI and ML to become more cognitive, automated, and responsive to the dramatically changing needs and operating models of organizations and users. Technological breakthroughs like XR and digital twins, combined with Web3 and other recognized new innovations, are transforming business, society and the world.
Jerry Caron, global head of research and analysis at GlobalData Technology, said: "By 2030, at the current rate of technological development, network traffic is expected to increase significantly. Nokia's 2030 technology strategy is artificial intelligence, cloud, connectivity and API -economy. This is the framework that service providers The telecommunications industry is moving away from traditional vertically integrated structures towards sustainable, simple, scalable, automated and more flexible services. Nokia and the industry as a whole must transform itself into a more horizontal, To become an API-driven future that delivers, you must demonstrate that you understand the problem and the opportunities.”