Nokia Aims for Metaverse Expansion in 2030 Strategy
Nokia is gearing up for a surge in network demand driven by anticipated advances in the metaverse, Web3, and artificial intelligence (AI) by the year 2030.
The company’s Technology Strategy 2030 report outlines plans to address this increased demand through investment in network infrastructure and services.
Nokia predicts a substantial 22%–25% rise in network demand from 2022 to 2030, fueled by the growing adoption of generative AI and virtual reality devices. Federico Guillén, president of network infrastructure at Nokia, attributes this uptick to the mainstream emergence of these technologies.
As the distinction between the digital and physical worlds continues to blur, organizations and service providers will increasingly adopt technologies that augment network traffic requirements significantly.
To address this anticipated surge in demand, Nokia plans to invest heavily in its portfolio of network equipment and services over the coming years.
The company aims to cater to various emerging ecosystems, with a particular focus on the Internet of Value, decentralization, blockchain, and smart contracts.
Additionally, Nokia is gearing up to capitalize on opportunities in the metaverse, with a focus on human augmentation, spatial computing, and split processing.
In line with its strategic objectives, Nokia has already established two labs dedicated to studying the metaverse and its underlying technologies.
Furthermore, the company has conducted numerous experiments involving industrial and wide-scale metaverse initiatives, including projects aimed at enhancing aircraft maintenance through augmented reality.
One noteworthy initiative involved using a 5G-connected Microsoft HoloLens to provide remote instructions for servicing Cessna
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