Nokia's strong performance in the private networking space is attributed to its early market entry and its comprehensive service provider approach
Nokia reported that it has signed 30 new private network contracts in the second quarter of 2024, bringing its total to over 760 deals worldwide. This achievement further cements Nokia's position as a dominant player in the global private radio access network (RAN) market.
According to David de Lancellotti, Nokia's Vice President of Enterprise Campus Edge Business, the company signed more than 50 private network contracts in the first half of 2024. Nokia's strong performance in the private networking space is attributed to its early market entry and its comprehensive service provider approach, focusing on quality, feature set, and a forward-looking roadmap. Analysts at Dell’Oro Group have confirmed Nokia’s significant market presence, ranking it as the second-largest global RAN supplier for private networks, trailing only Huawei. The report highlights that, excluding the Chinese market, Nokia leads the private wireless RAN market, followed by Ericsson and Samsung. Nokia’s private network contracts continue to be driven by key sectors such as transportation, energy, and manufacturing. De Lancellotti pointed out that ports, in particular, have been a strong area for Nokia, as companies seek to mitigate financial losses caused by delays in cargo unloading.
Despite the growing adoption of 5G, Nokia revealed that 4G LTE-Advanced, or 4.9G, still accounts for 78% of its private network business, with only 18% based solely on 5G. This indicates that while 5G adoption is increasing, there remains significant reliance on 4G technology in private networks.
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