Nokia gets its head round latest network tech trends

It has not been the best month for Nokia. The Finnish vendor has just announced swingeing cuts that will claim up to 14,000 jobs, with a target to reduce annual costs by between €800 million (US$843 million) and €1.2 billion ($1.3 billion).

Despite the various difficulties, Nokia CEO Pekka Lundmark nevertheless expressed confidence there will be a recovery, simply because data traffic on the world’s networks continues to grow by 20% to 30% each year, according to his estimate.

Indeed, Nokia has now put some of its research and estimates about network growth into a new report, titled Global Network Traffic 2030. In an effort to get ahead of the curve in terms of how new software tech will shape networks over the next seven years, it also published a second report, Technology Strategy 2030 — no doubt also in the hope that things can only get better.

Networks get busy 

According to the Global Network Traffic 2030 report, global, er, network traffic is expected to grow between 4x and 9x in the years to 2030. Consumer fixed wireless access (FWA) and enterprise services are potentially expected to drive much of the growth by that point, although consumer fixed services are still anticipated to account for the biggest chunk of traffic.

Even in its more moderate scenario, Nokia said, “all traffic is expected to expand from 507 exabytes (EB) per month in 2022 to 1014 EB per month in 2026 and 2443 EB per month in 2030. Metaverse traffic alone will expand from 0.7 EB per month in 2022 to 37.9 EB per month in 2026 and 495.2 EB per month in 2030.”

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