Nokia Statistics By Sales, Revenue, Expenditure And Customer Type

Saisuman Revankar
Written by
Saisuman Revankar

Updated · Sep 02, 2024

Rohan Jambhale
Edited by
Rohan Jambhale

Editor

Nokia Statistics By Sales, Revenue, Expenditure And Customer Type

Introduction

Nokia Statistics: Nokia is a Finnish multinational company offering its clients telecommunication, information technology, and consumer electronics services. It is a company that is more than 150 years old, and its origins date back to 1865. The company is headquartered in Espoo, Finland. The company is in over 100 countries, making it a prominent tech powerhouse. It would be interesting to glance at Nokia’s statistics and understand its significance for the telecommunications and IT industry.

Likewise, by looking at Nokia’s growth story, readers can obtain comprehensive information about Nokia’s growth story and how it has transitioned to another sector. Likewise, let’s dive deep into relevant information that could accustom the reader to Nokia’s story.

Editor’s Choice

  • Nokia transitioned from being a mobile handset manufacturer to a network infrastructure provider.
  • As of 2023, Nokia has 2nd highest market share in the telecom network industry.
  • Nokia statistics reveal a network infrastructure revenue of 8.04 billion euros in 2023.
  • Nokia employs 37,400 employees in Finland as of 2023 and has emerged as a significant contributor to Finland’s economy.
  • Nokia generated revenue of 2.28 billion euros from net sales from enterprise solutions in 2023.

Global IT Spending Worldwide

(Reference: Statista.com)

  • As Nokia is regarded as a prominent tech company, it is interesting to look at the growth of the IT industry worldwide.
  • The Noka statistics reveal that the IT spending on communication systems by the end of 2023 was $1,491 billion.
  • Other aspects of IT sector spending include investments in devices, software, and data center systems that amount to $693 billion, $975 billion, and $1,503 billion by the end of 2023.
  • In general, it can be inferred that spending on IT systems is expected to grow substantially, and the funding process is mainly based on the strategic funding and deployment of the wide variety of information technological systems as a whole.

IT Spending On A YOY Basis

(Reference: Statista.com)

  • Similar to IT spending collectively, it is essential to have information on how the IT industry is growing year-on-year to understand the growth of the Nokia IT segment.
  • When taking a glance at Nokia statistics as of 2023, software systems have shown a maximum growth of 9.3% in 2023
  • It is followed by IT services with 5.5%, data center systems with 0.7%, and communication systems with 0.1%.
  • Only usage of devices has shown a negative growth of -5.1%.
  • In total, there has been 2.4% growth in the IT industry on a YOY basis.

IT Industry Spending On Telecommunication Services

Information Technology (IT) Spending On Telecommunications Services Worldwide From 2008 To 2024

(Reference: Statista.com)

  • Telecommunication services have been a cornerstone of Nokia; hence, it is essential to have information on the IT spending on telecommunications worldwide.
  • If one refers to the Nokia statistics, one will find that the annual spending on IT communication services has been steady in recent years.
  • As of 2023, the IT spending on communication services was $1,487 billion.
  • The investment in telecommunication reached a peak of $1,624 billion in 2013.
  • It is predicted by the end of 2024, the investment of the IT industry in telecommunications will be $1,551 billion.

Revenue Of The Communication Industry

Revenue Of The Communication Services Market Worldwide From 2017 To 2028

(Reference: Statista.com)

  • Nokia statistics reveal that the communication services market has grown significantly recently.
  • As of 2023, the revenue of the communication services market was $1.4 trillion.
  • It is expected that by the end of 2028, the communication services market will reach revenue of $1.58 trillion.
  • The graph, as mentioned above, is a crucial indicator of the rising growth of the communication services market.

Communication Services Market Revenue

Communication Services Revenue Worldwide From 2018 To 2028, By Segment

(Reference: Statista.com)

  • It is interesting to have comprehensive information on the communication services market and its revenue.
  • Nokia statistics reveal that mobile data consistently holds the most significant portion of the communication services revenue, currently holding $0.61 trillion by the end of 2023.
  • It is predicted that mobile data revenue is expected to reach $0.76 trillion by the end of 2028.
  • Other essential factors that involve communication services are fixed data, mobile voice, and fixed voice, which are expected to have revenue of $0.47 trillion, $0.22 trillion, and $0.12 trillion.

Worldwide Network Infrastructure

Network Infrastructure Revenue Worldwide From 2018 To 2029, By Segment

(Reference: Statista.com)

  • Nokia is a significant name in mobile network infrastructure. Likewise, it is essential to be a vital component of the revenue of network infrastructure.
  • Nokia statistics reveal that in 2023, the total service provider infrastructure revenue was $148.69 billion.
  • In the same year, the enterprise network infrastructure was $59.24 billion.
  • By the end of 2029, the mobile network infrastructure will be $223.87 billion. In service provider infrastructure and $91.56 billion in enterprise network infrastructure.

Annual Mobile Data Traffic Worldwide Usage

Annual mobile data traffic worldwide from 2012 to 2029

(Reference: Statista.com)

  • By gathering relevant information on the increasing mobile data traffic increase, it is possible to understand the growth of mobile companies.
  • As of 2023, the annual data traffic worldwide was 68.22 monthly exabytes.
  • By the end of 2029, the annual mobile data traffic will be 312.6 exabytes.

Number Of 5G Subscriptions Worldwide

Forecast Number Of Mobile 5G Subscriptions Worldwide From 2023 To 2028

(Reference: Statista.com)

  • Nokia is a pioneer in providing telecommunication services; hence, it has a viable contribution to the rising number of 5G network subscribers.
  • As of 2023, there are 1.9 billion 5g subscribers worldwide.
  • By the end of 2028, Nokia statistics predict that there will be 8 billion subscribers globally.
  • 5G mobile is expected to become the mainstream network module due to its superior network speed and low latency compared to its predecessors.

5G Subscribers By Region

(Reference: Statista.com)

  • The Nokia statistics reveal that the 5G subscribers vary across different regions, and studying its variant presence across various regions provides comprehensive information about the net coverage.
  • In 2023, North East Asia, comprising regions of China, Japan, and South Korea, will have collectively the highest number of 5G subscribers with almost 908 million.
  • It is followed by the regions of India, Nepal, and Bhutan with 119.48 billion, Middle East and Africa with 46.62 billion, South East Asia and Oceania with 60.66 billion, Latin America with 33 billion, and North America with 257 billion.
  • By the end of 2029, North East Asia is expected to retain its dominant position with a predicted subscriber count of around 1900 billion.

Nokia Net Sales Worldwide

(Reference: Statista.com)

  • Nokia, a tech powerhouse, has witnessed high and low revenue worldwide.
  • In 2007, it reached a peak revenue of 51.06 Billion Euros.
  • Between 2012 and 2016, Nokia witnessed a significant dip in revenue, with less than 15 billion euros in revenue for three consecutive years.
  • However, since 2017, Nokia has gained recovery and has consistently posted revenue of about 22 billion euros.
  • As of 2023, Nokia had a revenue of 22.26 Billion Euros.

Nokia's Net Revenue By Quarter

(Reference: Statista.com)

  • To have a more detailed understanding of Nokia’s revenue, it is essential to glance at the revenue every quarter.
  • In terms of a quarter, Nokia had the highest revenue in Q4 with 12.65 billion euros.
  • As of Q3 2023, Nokia posted revenue of 4.98 billion euros.
  • Nokia statistics predict that in Q4 2024, the revenue will be 5.71 billion euros.

Nokia Net Sales Worldwide By Region

Nokia Net Sales Worldwide From 2012 To 2023 (In Billion Euros), By Region

(Reference: Statista.com)

  • Nokia statistics reveal that North America and Europe have consistently contributed to Nokia's net sales.
  • In 2012, Asia Pacific was the leader in sales of Nokia mobile, which was $4.5 billion.
  • But by the end of 2023, Europe was the leader in sales of Nokia equipment, with $5.87 billion, followed by North America, which had $5.73 billion.

Nokia's Net Income Worldwide

Nokia Net Income Worldwide From 2006 To 2023

(Reference: Statista.com)

  • If one refers to Nokia's statistics, one will find that Nokia's net income fluctuates rather than decreases.
  • The net income of Nokia was at a record low in 2012 at -3,105 million euros.
  • In 2007, Nokia witnessed the highest net income growth of 7,205 million euros.
  • As of 2023, the net income growth is 679 million euros.
  • It is expected that Nokia will maintain such a steady income in the coming years.

Nokia's Expenditure On Research And Development

(Reference: Statista.com)

  • The amount of investment in research and development of a company provides an idea of how much market share and revenue it will expect to retain.
  • Nokia statistics show that Nokia has spent a record 5.97 billion Euros in r&d in 2008.
  • As of 2023, Nokia has spent 4.33 billion in research and development.

Number Of Employees In Nokia

(Reference: Statista.com)

  • The number of employees at Nokia has transitioned from a mobile manufacturing company to a telecommunication provider.
  • Nokia statistics reveal that it is one of the major employers and significantly contributes to the Finnish economy.
  • As of 2023, Nokia has 86.89k employees working in different segments of Nokia.
  • Nokia had the highest number of employees, 132.43K, in 2010.
  • Since 2013, Nokia has functioned to develop its network infrastructure.

Nokia Employees By Region

(Reference: Statista.com)

  • Nokia statistics reveal that Europe has the highest number of employees.
  • As of 2023, Nokia has 37,400 Employees in Europe, 4,300 in Asia Pacific, 10,400 in China, 10,400 in North America, 2,900 in Latin America, 3,100 in the Middle East, and 18,200 in India alone.
  • As an accumulation, Nokia has 86,700 employees operating across 130 countries.

Telecom Infrastructure Company By Market Value

Ranking Of Telecom Infrastructure Companies By Brand Value In 2024

(Reference: Statista.com)

  • As per Nokia statistics, Nokia is among the top 3 companies in brand value among telecom infrastructure companies globally.
  • Huawei is the top company with a brand value of $31.1 billion.
  • Cisco follows it with $22.79 billion.
  • Nokia stands at 3rd with $8.03 billion brand value.

Nokia Salaries And Wages Worldwide

Nokia Total Amount Of Salaries And Wages Paid Worldwide From 2016 To 2023

(Reference: Statista.com)

  • In 2023, Nokia paid approximately 6000 Million Euros in wages alone.
  • Nokia statistics show it paid the highest salaries in 2018, at 6,517 million euros.

Nokia Net Sales By Segment

Nokia Net Sales Worldwide From 2016 To 2023, By Segment

(Reference: Statista.com)

  • Nokia statistics reveal how the company transitioned from a mobile manufacturing company to a network infrastructure provider.
  • The telecommunication provider company generated a revenue of more than 22 billion euros in 2023.
  • The company’s mobile network segment generated revenue of 9.8 billion Euro, followed by Network infrastructure with 8.04 billion Euro.
  • One can explain the transition from a mobile handset provider to mobile telecommunication when 2016 Alcatel Lucent acquired it, and then the company headed in a different direction.

Nokia Network Net Sales

Nokia Network segment net sales worldwide from 2007 to 2023

(Reference: Statista.com)

  • By looking at Nokia's statistics, it is evident that Nokia reached a record high of 21.83 billion Euros in 2016.
  • In 2023, Nokia's net sales revenue was 9.8 billion Euros.

Nokia Infrastructure Net Sales By Business Division

Nokia Network Infrastructure Segment Net Sales Worldwide From 2018 To 2023, By Division

(Reference: Statista.com)

  • < UNK> Regarding Nokia statistics, it is evident that mobile access is the highest contributor to Nokia's net sales.
  • As of 2023, the mobile access segment alone accumulated revenue of 9.8 billion euros.
  • This is followed by revenue from IP routing of 2.61 million euros, fixed access of 2.37 million euros, and optical networks that contributed 1.94 billion euros in total revenue.

Nokia Network Sales By Customer Type

(Reference: Statista.com)

  • Since 1999, Nokia Networks has been a telecommunication and mobile industry powerhouse.
  • In 2007, Nokia Networks had the highest net sales revenue, 51.01 billion Euros.
  • Nokia statistics show that by the end of 2023, Nokia networks recorded revenue of 22.26 Billion Euros.

Network Service Provider Market Share

Service Provider Network Infrastructure Vendor Market Share Worldwide As Of September 2023

(Reference: Statista.com)

  • Nokia has been instrumental in transitioning itself from a mobile handset manufacturer to a network infrastructure vendor.
  • Huawei has the highest market share among network infrastructures, with 33.8%.
  • Nokia statistics show that it has 2nd highest market share among networks, with 14.6% as of 2023.
  • It is followed by Ericson, ZTE, NEC, Cisco, and Motorola with 13.5%, 8.3%, 4.5%, 4.5%, 3.6%.
  • The reset of network provider companies makes up 17.2% of the market share.

Smartphone Unit Shipment By Vendor

(Reference: Statista.com)

  • Nokia statistics show that Nokia had a substantial share in global smartphone shipments till 2011.
  • In 2011, Nokia recorded shipments of 77.3 million units.
  • As of 2023, Samsung is the leader in global mobile phone shipments with 226.6 billion units, followed by Apple with 234.6 billion units, following that Oppo with 103.1 billion units, and then finally Xiaomi and Transsion with 146 billion and 95 billion units. The rest of the vendors made up 361.8 million units shipped globally.

Nokia Net Sales By Customer Type

Nokia Net Sales Worldwide From 2018 To 2023, By Customer Type

(Reference: Statista.com)

  • Nokia statistics reveal that communication service providers have had a significant share in the overall revenue of Nokia net sales.
  • In 2022, Nokia network’s communication provider segment recorded a peak revenue of 19,911 Million Euros.
  • As of 2023, Communication service provider had the highest revenue of 17,652 million euros, enterprises with 2,282 million euros, revenue generated from selling licenses was 1,085 million euros, and revenue from other sections was 1,239 million euros.

List Of Nokia Products

  • Nokia 1 Plus
  • Nokia 7 Plus
  • Nokia T21
  • Nokia 110 (2023)
  • Nokia 5310 (2024)
  • Nokia C20 Plus
  • Nokia C5 Endi
  • Nokia 5.4
  • Nokia 6300 4G
  • Nokia 2.3
  • Nokia 6.1
  • Nokia 2720 Flip
  • Nokia XR21
  • Nokia 2780 Flip
  • Nokia 800 Tough
  • Nokia 5.1 Plus (released in China as Nokia X5)
  • Nokia 8110 4G
  • Nokia 110 4G
  • Nokia 2.1
  • Nokia 105 (2023)
  • Nokia 225 4G (2020)
  • Nokia 105 4G (2023)
  • Nokia G20
  • Nokia 4.2
  • Nokia C2 Tava / Tennen
  • Nokia C30
  • Nokia G60 5G
  • Nokia 6.2
  • Nokia 150 (2020)
  • Nokia 110 (2022)
  • Nokia C21
  • Nokia 3.4
  • Nokia 7 (available in China only)
  • Nokia 8
  • Nokia 2.4
  • Nokia 6.1 Plus (released in China as Nokia X6)
  • Nokia 105 4G
  • Nokia 3.1 Plus
  • Nokia 215 4G (2024)
  • Nokia 1.4
  • Nokia X10
  • Nokia C1 Plus
  • Nokia C21 Plus
  • Nokia 8.3 5G
  • Nokia 9 PureView
  • Nokia 1.3
  • Nokia 230[6]
  • Nokia 130 (2023)
  • Nokia 210 (2019)
  • Nokia 5
  • Nokia 105 (2019)
  • Nokia X30 5G
  • Series 30+
  • Nokia 150 (2023)
  • Nokia 6
  • Nokia 106 (2023)
  • Nokia 5.1
  • Nokia G42
  • Nokia 7.1
  • Nokia 8 Sirocco
  • Nokia 1
  • Nokia T20
  • Nokia G50
  • Nokia 3.2
  • Nokia 5.3
  • Nokia 3210 (2024)
  • Nokia C10
  • Nokia G10
  • Nokia C1
  • Nokia 215 4G (2020)
  • Nokia C100
  • Nokia 8000 4G
  • Nokia 110 (2019)
  • Nokia C2
  • Nokia 105 (2022)
  • Nokia X20
  • Nokia C01 Plus
  • Nokia T10
  • Nokia 106 (2018)
  • Nokia 2.2
  • Nokia 7.2
  • Nokia G22
  • Nokia 2
  • Nokia 4.2
  • Nokia X71 (available in Taiwan & China only)
  • Nokia 220 4G
  • Nokia C20
  • Nokia C21
  • Nokia 2660 Flip
  • Nokia G21
  • Nokia C3
  • Nokia G60 5G
  • Nokia 1.3
  • Nokia C30
  • Nokia XR20
  • Nokia 8.1 (released in China as Nokia X7)
  • Nokia 150
  • Nokia 5710 XpressAudio
  • Nokia X71 (available in Taiwan & China only)
  • Nokia 105
  • Nokia 9 PureView
  • Nokia XR30
  • Nokia 5.4
  • Smart Feature OS
  • Nokia 3
  • Nokia 225 4G (2024)
  • KaiOS
  • Nokia 105 (2019)
  • Nokia 105
  • Nokia 110 (2022)
  • Nokia 2.3
  • Nokia 8.3 5G
  • Nokia G42
  • Nokia G21
  • Nokia T20
  • Nokia C200
  • Nokia C20
  • Nokia X30 5G
  • Nokia 2
  • Nokia 6.1
  • Nokia 6310 (2021)
  • Nokia 225 4G (2020)
  • Nokia C2 Tava / Tennen
  • Nokia G10
  • Nokia 8
  • Nokia 2780 Flip
  • Nokia 1.4
  • Nokia G22
  • Nokia 215 4G (2020)
  • Nokia 3.1
  • Nokia C10
  • Nokia 110 (2023)
  • Nokia 150 (2023)
  • Nokia C3
  • Nokia 106 (2023)
  • Nokia 8 Sirocco
  • Nokia 3.4
  • Nokia 105 4G (2023)
  • Nokia 800 Tough
  • Nokia G60 5G
  • Nokia 110 4G
  • Nokia 225 4G (2024)
  • Nokia C20 Plus
  • Nokia C1 Plus
  • Nokia 3.1 Plus
  • Nokia 6.2
  • Nokia T21
  • Nokia 1 Plus
  • Nokia 3.2
  • Nokia C100
  • Nokia C21 Plus
  • Nokia 6.1 Plus (released in China as Nokia X6)
  • Nokia 2.4
  • Nokia 1
  • Nokia 7 (available in China only)
  • Nokia 5.3
  • Nokia 8000 4G
  • Nokia 2.1
  • Nokia C21
  • Nokia 6300 4G
  • Nokia X10
  • Nokia 4.2
  • Nokia C2
  • Nokia 220 4G
  • Nokia 230[6]
  • Nokia 7.1
  • Nokia 5
  • Nokia 130 (2017)
  • Nokia 110 (2019)
  • Nokia XR21
  • Nokia 7 Plus
  • Nokia 2720 Flip
  • Nokia C200
  • Nokia G20
  • Nokia 3.4
  • Nokia 105 4G
  • Nokia X71 (available in Taiwan & China only)
  • Nokia 7.2
  • Nokia 125
  • Nokia 210 (2019)
  • Nokia 2.4
  • Nokia 8.1 (released in China as Nokia X7)
  • Nokia 1.3
  • Nokia 5710 XpressAudio
  • Nokia 8.3 5G
  • Nokia 9 PureView
  • Nokia G50
  • Nokia 230[6]
  • Nokia C2
  • Nokia 7.1
  • Nokia T10

(Source: wikipedia.org)

Conclusion

Nokia is a finish multinational company with more than 150 years history. The journey of the company from a mobile manufacturing company to a leading telecommunications provider is a testament to its resilience. Although the transition has not been smooth the company has emerged to rank among the top mobile network provider globally.

When one refers to Nokia statistics they will find that the company has a diverse portfolio that ranges from mobile networks to enterprise solutions that display its adaptability toward growing business demands. Nokia has also played a prominent role in the development and implementation of 5g networks worldwide.

Sources

FAQ.

How many employees does Nokia employ globally?

As of 2023, Nokia has approximately 86,700 employees.

What is Nokia’s market position in the telecom infrastructure industry?

Nokia is the third-largest telecom infrastructure company by brand value globally.

How much does Nokia invest in research and development?

In 2023, Nokia spent 4.33 billion euros on research and development.

Saisuman Revankar
Saisuman Revankar

Saisuman is a skilled content writer with a passion for mobile technology, law, and science. She creates featured articles for websites and newsletters and conducts thorough research for medical professionals and researchers. Fluent in five languages, Saisuman's love for reading and languages sparked her writing career. She holds a Master's degree in Business Administration with a focus on Human Resources and has experience working in a Human Resources firm. Saisuman has also worked with a French international company. In her spare time, she enjoys traveling and singing classical songs. Now at Smartphone Thoughts, Saisuman specializes in reviewing smartphones and analyzing app statistics, making complex information easy to understand for readers.

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