According to the Global Network Traffic 2030 report released by Nokia, end-user data traffic demand is expected to increase at a compounded annual growth rate (CAGR) of 22-25 per cent during 2022-2030. Global network traffic demand is expected to reach between 2,443 to 3,109 exabytes (EB) per month in 2030. Further, if there is a higher adoption rate of cloud gaming and extended reality (XR) in the second half of this decade, Nokia projects a CAGR that reaches as high as 32 per cent.
The report further added, for networks to support the increasing demands of the future, they will need to be more cognitive and automated utilising artificial intelligence (AI) and machine learning (ML), as well as address the transformative needs and operating models of organisations and consumers. Technology breakthroughs like XR and digital twins, combined with Web3 and other much-lauded emerging innovations, will transform businesses, society, and the world.
As per the Global Network Traffic 2030 report, network traffic is growing and will rise dramatically over this decade. Driving this growth are recent trends such as AI, ML, XR, digital twins, automation, and billions of devices. To capitalise on the exponential potential of these technologies to solve tomorrow’s greatest challenges, networks will need to adapt and transform. Further, delivering lasting, accessible, sustainable innovation hinges on reliable, secure, cognitive networks.
In addition, Nokia has released its Technology Strategy 2030 that identifies trends and emerging technologies that will shape technology, networks, and the world for the next seven years.
Commenting on the report, Nishant Batra, chief strategy and technology officer, Nokia, said, “Nokia’s Technology Strategy 2030 is a direct response to the proliferation of cutting-edge technologies over the last decade. One thing is for certain, radical changes are needed now to evolve networks to meet the challenges of tomorrow and beyond. Enterprises across 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.”
Nokia’s Technology Strategy 2030 identifies the trends and emerging technologies that will impact the networks of service providers, enterprises, and industries over this decade, and how Nokia will help networks evolve. The key trends influencing Nokia’s Technology Strategy 2030 are AI, cloud continuum, metaverse, application programming interface (API) economy, Industry 5.0, internet of value (IoV), sustainability, and security. These trends will rely on ultra-responsive and secure networks at their core.
Meanwhile, Jerry Caron, global head, research and analysis, GlobalData Technology, said, “By 2030 the pace of technological advancements we are currently seeing will significantly increase traffic on networks. Nokia’s Technology Strategy 2030, with its emphasis on effective use of AI, cloud, connectivity, and API economy, is the type of framework that service providers and enterprises will need to embrace. The service provider industry will need to transform itself from the traditional, vertically integrated structure to a more horizontal, API-driven future that is sustainable, simpler, more scalable, automated, and offering much more flexible service delivery. Nokia, and the industry as a whole, must show that they understand the problems and potential, with a revitalised approach as indicated by the long-term Nokia Technology Strategy 2030.”