Nokia has recently unveiled its Technology Strategy 2030, which outlines the emerging technologies and trends that will shape the future of technology, networks, and the world for the next seven years. The strategy comes in response to the increasing network traffic driven by recent trends such as artificial intelligence (AI), machine learning (ML), extended reality (XR), digital twins, automation, and the proliferation of billions of devices. To fully harness the potential of these technologies in solving future challenges, networks will need to adapt and transform. Sustainable and innovative solutions can only be achieved through reliable, secure, and cognitive networks.
Nishant Batra, Chief Strategy and Technology Officer at Nokia, emphasizes the need for radical changes to meet the challenges of the future. He states, “Enterprises across the industry face three trends bearing down on them: AI, cloud, and the constant evolution of connectivity. Our Technology Strategy 2030 lays out a future network architecture for our customers and the industry. It brings to life opportunities for innovation, sustainability, productivity, and collaboration, which can only be enabled by the exponential power of networks.”
The Technology Strategy 2030 identifies several key trends that will have a significant impact on networks, service providers, enterprises, and industries. These trends include AI, cloud continuum, metaverse, API economy, Industry 5.0, Internet of value, sustainability, and security. The success of these trends relies on ultra-responsive and secure networks as their foundation.
According to Nokia’s Global Network Traffic 2030 report, network traffic demand is expected to skyrocket over the next decade. The report projects a compounded annual growth rate (CAGR) of 22% to 25% in end-user data traffic demand from 2022 to 2030. By 2030, global network traffic demand is estimated to reach between 2,443 to 3,109 exabytes (EB) per month. With the potential higher adoption rate of cloud gaming and XR in the second half of the decade, the CAGR could reach as high as 32%.
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To support the increasing demands of the future, networks will need to be more cognitive and automated, leveraging AI and ML technologies. Additionally, organizations and consumers’ transformative needs and operating models must be addressed. Technologies such as XR, digital twins, and Web3 will play a crucial role in transforming businesses, society, and the world.
Jerry Caron, Global Head of Research & Analysis at GlobalData Technology, recognizes that by 2030, the pace of technological advancements will significantly increase network traffic. He underscores the importance of Nokia’s Technology Strategy 2030, which emphasizes the effective use of AI, cloud, connectivity, and the API economy. Caron suggests that service providers and enterprises must embrace a more horizontal, API-driven future that is sustainable, simpler, more scalable, automated, and offers flexible service delivery.
As a global B2B technology innovation leader, Nokia creates technological solutions that enable the world to act together. The company leverages its expertise in mobile, fixed, and cloud networks to pioneer networks that sense, think, and act. Nokia’s intellectual property and long-term research, led by Nokia Bell Labs, add value to its offerings. Service providers, enterprises, and partners worldwide trust Nokia to deliver secure, reliable, and sustainable networks while collaborating on the creation of future digital services and applications.
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In conclusion, Nokia’s Technology Strategy 2030 provides a roadmap for the future of technology and networks. With the exponential growth of emerging technologies, networks will need to evolve, adapt, and become more cognitive and automated to meet the demands of tomorrow. By embracing trends such as AI, cloud, and connectivity, Nokia aims to enable innovation, sustainability, productivity, and collaboration through the power of networks. With its continued focus on research and development, Nokia seeks to create secure, reliable, and sustainable networks that will shape the future of technology and the world.
