Telecoms Infrastructure Firm Nokia is anticipating a significant spike in network demand stemming from upcoming advances in Web3, metaverse, and artificial intelligence (AI).
Nokia’s Technology Strategy 2030 report states the company is planning to invest in its network equipment and services portfolio in the next few years.
Technology Strategy 2030
Thanks to the growing adoption of virtual reality devices and generative AI, Nokia is predicting a 22% to 25% increase in network demand between 2022 and 2030. The president of network infrastructure at Nokia, Federico Guillén, attributes this surge of demand to the growing mainstream acceptance and adoption of these technologies. Nokia’s Technology Strategy 2030 involves significant investment in its network equipment and services portfolio.
Through this investment, Nokia plans to cater to several emerging ecosystems with a strong focus on the Internet of Value, decentralization, blockchain, and smart contracts. T
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