Nokia - statistics & facts

Nokia’s business evolution

After the sale of its mobile devices division, Nokia focused on the data networking services and telecommunications equipment business through its subsidiary Nokia Networks. As of 2020, Nokia's Networks Business is the most revenue-generating business segment of Nokia. The company has also been involved in cloud computing and mapping applications. In 2008, Nokia purchased Here, a company that focuses on mapping data, technologies, and services based on cloud computing. In 2015, Nokia sold Here to Audi, BMW, and Daimler. In 2016, Nokia purchased a majority stake in French telecommunications equipment company Alcatel-Lucent.

Nokia’s competitors

As of 2021, Nokia is one of the leading telecom infrastructure companies. Nokia’s main competitors in this market are Huawei, Cisco, Ericsson, and Qualcomm. Huawei and Ericsson are also Nokia’s main competitors in the service provider network infrastructure market, with the company ranking second with around 16 percent control of the market. On a regional level, markets in North America and Europe are Nokia’s most important. Nokia also competes with these firms across several other key technologies including 5G, edge computing, extended reality (XR), and smart energy.

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