The technology, products, services and innovations we design and create can provide tremendous opportunities and solve many of todays’ global challenges. The vision of the Programmable World continues to guide our corporate strategy.
Connectivity has tremendous potential for economic and social empowerment for any individual. The development of technologies such as 5G and IoT is expected to help to realize smart innovations in cities and homes, access to digital health and greater public safety.
Through our end-to-end portfolio, our technology can connect the unconnected, increase efficiency and productivity, thus creating shared value and driving greater economic growth. Our radio networks customers serve around 5,5 billion subscriptions worldwide, while in fixed networks we shipped around 35% of the world's broadband lines. We are moving towards a world of 5G, Internet of Things (IoT), Cloud, Virtual and Augmented Reality, and smart technology solutions that solve everyday challenges and drive sustainable growth and development. We believe our technology, and the potential of IoT to connect people and trillions of things with each other, could positively contribute to all 17 of the UN Sustainable Development Goals. Research firm IDC estimates that global spending on IoT devices and services will rise from USD 656 billion in 2014 to USD 1.7 trillion in 2020.
We see a time of massive transformation of networks and technology that will connect the unconnected in more ways than ever before. Billions, if not trillions, of machines will become part of the Internet of Things, and the applications ecosystem will drive greater demand for data by continuously inventing new categories of applications and use cases. With the upcoming rollout of 5G and cloud solutions, people will have access to information, knowledge and awareness exactly when they need it, helping them to be more efficient in their professional and private lives. We can have the greatest impact on sustainable development through our main business of delivering networks, technology solutions and services to telco operators, enterprises and organizations.
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Nokia has teamed up with other key players in the telecom and automotive industries to form the “5G Automotive Association (5GAA)” to develop, test and promote communications solutions and accelerate their global commercial availability