Thanks to AI, ML, extended reality (XR), digital twins, automation, and billions of new devices, traffic on global telecom networks will grow at a CAGR of 22% – 25% for the rest of this decaded, according to the newly-published Nokia Global Network Traffic 2030 report.
In the Global Network Traffic 2030 report, Nokia projects that global network traffic demand will reach between 2,443 to 3,109 exabytes (EB) per month in 2030. If there is a higher adoption rate of cloud gaming and XR in the second half of this decade, Nokia projects a CAGR that reaches as high as 32%. For networks to support the increasing demands of the future, they will need to be more cognitive and automated utilizing AI and ML, as well as address the transformative needs and operating models of organizations 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.
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.”