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 2021, Nokia's Mobile Networks is the most revenue-generating business segment of Nokia. The company has also been involved in cloud computing and mapping applications. On a regional level, markets in North America and Europe are Nokia’s most important.Nokia’s competitors
As of 2022, 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 15 percent control of the market. Nokia also competes with these firms across several other key technologies including 5G, edge computing, extended reality (XR), and smart energy.
