ICTJul 16, 2026

Nokia

Company Profile Analysis

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Year Founded & Workforce

1864-12-31

103,000 Employees

Industry

ICT

Services

Nokia Overview

1.1.1 COMPANY OVERVIEW

Company Headquarters: Espoo, Finland

Founded: 1865

Workforce: 103,000

Company Working: Nokia is a multinational company that delivers network infrastructure, technology, and software services. The company operates through three segments, namely Nokia's networks business, Nokia technologies, and group common and other. Nokia's networks business segment comprises ultra-broadband networks, IP networks & applications, and global services. The company’s ultra-broadband networks segment comprises fixed networks and mobile networks. The company’s IP networks, and applications segment comprises IP/Optical networks and applications & analytics. Also, the company offers SDN and NFV products for the telecommunication industry. The company offers its products and services to various industry verticals such as finance, automotive, IT & telecommunication, healthcare, retail, energy and resources, manufacturing, and also the public sector. The company has a presence in North America, Europe, Asia-Pacific, and the Middle East and Africa.

Strategy

Nokia is aimed at increasing its existing market presence and customer base. The company primarily follows an organic growth strategy, under which it significantly invests in research and development and strives to make advancements in its existing technologies. This enables the company to easily tap into new geographies and strengthen its core areas of expertise. Nokia’s strategy for LTE and respective markets involves agreements and partnerships to expand its existing capabilities. For instance, in June 2017, Nokia acquired Comptel Corporation, a telecommunication software company to strengthen its go-to-market capabilities and expand its software portfolio.

Company Snapshot

$14.3M

Revenue

103,000

Employees

1864-12-31

Founded

Espoo, Finland

Headquarters

SWOT Analysis

Strengths

Strong brand image
High investments in research and development
Focus on research and development
Strong brand recognition
Strong market presence
Huge investments in research and development

Weaknesses

Low operational efficiency
Operational efficiency
Lack of sound financial performance

Opportunities

Growth urbanization
Deamdn from newer market like Latin America and Africa
Growing urbanization
5G network deployment opportunities in developing regions

Threats

Highly competitive market
Rapid technological changes
Technological changes
Increased global competition
Strong competition from Chinese manufacturers

Key Developments

Date	Approach	Development
–	Partnership	Nokia, in partnership with Nordic Telecom, launched Mission Critical Communication-ready LTE network in the 410–430 MHz band. The advanced and future-proof mobile broadband solution offered by Nokia has enabled Nordic Telecom to provide public protection and disaster relief on mobile broadband networks
–	Partnership	Nokia partnered with Bharat Sanchar Nigam Limited (BSNL), India's leading government-owned network service provider, to offer high-quality public safety in India. Nokia provides its compact and deployable solutions using LTE technology for mission-critical communications, to assist in disaster relief
October 2019	Product Development	Nokia launched Nokia 1830 Time-sensitive Packet Switch (TPS), optical switches for 5G Cloud RAN. The new optical transport switches support time-sensitive networking (TSN), which is essential for interconnecting the ultra-low latency, cloud-native radio architectures required for supporting time-critical services in 5G.

Product Offering

Nokia
- Fixed Wireless Access
- Mission Critical Systems

Financial Performance

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About the Author

Wantstats Research Team

Wantstats' research desk profiles Nokia as part of our ongoing coverage of the ICT sector, drawing on public company data, filings, and market intelligence.

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I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!

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Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.

Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.

Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.

Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.

Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.

Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.

Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.

Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.

Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!

Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.

Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

Nokia

1.1.1 COMPANY OVERVIEW Company Headquarters: Espoo, Finland Founded: 1865 Workforce: 103,000 Company Working: Nokia is a multinational company that delivers network infrastructure, technology, and software services. The company operates through three segments, namely Nokia's networks business, Nokia technologies, and group common and other. Nokia's networks business segment comprises ultra-broadband networks, IP networks & applications, and global services. The company’s ultra-broadband networks segment comprises fixed networks and mobile networks. The company’s IP networks, and applications segment comprises IP/Optical networks and applications & analytics. Also, the company offers SDN and NFV products for the telecommunication industry. The company offers its products and services to various industry verticals such as finance, automotive, IT & telecommunication, healthcare, retail, energy and resources, manufacturing, and also the public sector. The company has a presence in North America, Europe, Asia-Pacific, and the Middle East and Africa.

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