2022年8月外文研究报告nokia

COMPANIES

&

PRODUCTSNokiaCHAPTER

01OverviewInformationtechnology(IT)spendingforecastworldwidefrom2012to2023,bysegment(inbillionU.S.dollars)GlobalITspendingforecast2012-2023,bysegmentDataCenterSystemsEnterprisesoftwareDevicesITServicesCommunicationServices5,0004,5004,0003,5003,0002,5002,0001,5001,000500020122013201420152016201720182019202020212022*2023*3Description:Theglobalinformationtechnology(IT)spendingondevices,includingPCs,tablets,mobilephones,printers,aswellasdatacentersystems,enterprisesoftware,andcommunicationsservicescameto4.26trillionU.S.dollarsin2021andisexpectedtoincreasetoaround4.43trillionU.S.dollarsin2022.ReadmoreNote(s):Worldwide;2012to2021;*ForecastReadmoreSource(s):GartnerProjectedyearlygrowthininformationtechnology(IT)spendingworldwidefrom2016to2023,bysegmentYearlygrowthforecastITspendingworldwide2016-2023DataCenterSystemsEnterpriseSoftwareDevicesITServicesCommunicationsServicesTotalITspending20%15%10%5%0%-5%-10%-15%2016201720182019202020212022*2023*4Description:TheITspendingworldwideonenterprisesoftwareandrelatedtechnologyisforecasttoincreaseby13.6percentin2021,whiletheoverallITspendingisexpectedtoincreaseby5.1percent,reaching4.45trillionU.S.dollars.ITspendingtookahitin2020duetotheimpactofthecoronavirus(COVID-19)pandemic.Forfurtherinformationaboutthecoronavirus(COVID-19)pandemic,pleasevisitourdedicatedFactsandFigurespage.

ReadmoreNote(s):Worldwide;2016to2021;*ForecastReadmoreSource(s):GartnerCommunicationservicesrevenueworldwidefrom2016to2027(intrillionU.S.dollars)Globalcommunicationservicesrevenue2016-20271.61.521.51.471.451.421.391.371.41.21.00.80.60.40.20.01.331.321.321.31.272016201720182019202020212022202320242025202620275Description:In2021,theworldwidecommunicationservicemarketgeneratedaround1.37trillionU.S.dollars,upfrom1.33trillionin2020.TheStatistaTechnologyMarketOutlookestimatesthatglobalrevenuewillcontinuetoincreaseandreacharound1.52trillionU.Sdollarsin2027.ReadmoreNote(s):WorldwideSource(s):Statista;StatistaTechnologyMarketOutlookCommunicationservicesrevenuegrowthworldwidefrom2017to2027Globalcommunicationservicesrevenuegrowth2017-20273.0%2.4%2.5%2.0%1.5%1.0%0.5%0.0%2.2%1.9%1.8%1.7%1.7%1.7%1.6%1.5%1.1%20200.2%20192017201820212022202320242025202620276Description:In2021,theglobalcommunicationservicemarketgeneratedaround1.37trillionU.S.dollar,upby2.4percentwhencomparedwith2020.TheStatistaTechnologyMarketOutlookestimatesthatglobalrevenuegrowthwillbegintodecreaseslowlyandreacharound1.7percentin2027.ReadmoreNote(s):WorldwideSource(s):Statista;StatistaTechnologyMarketOutlookNetworkinfrastructurerevenueworldwidefrom2016to2027,bysegment(inbillionU.S.dollars)Worldwidenetworkinfrastructurerevenue2016-2027EnterpriseNetworkInfrastructureServiceProviderNetworkInfrastructure18016014012010080165.3159152.6146.6140.9133.5132.9131.9128.9129.2127.1124.371.9669.5967.1864.8662.5458.9657.6354.056052.3752.8652.2550.35402002016201720182019202020212022202320242025202620277Description:In2021,theglobalnetworkinfrastructuremarketedgeneratedarevenueinexcessof189billionU.S.dollar.132billionofthisrevenuewascreatedbyserviceprovidernetworkinfrastructure.TheStatistaTechnologyMarketOutlookestimatesthattherevenueofthemarketasawhole,aswellasineachindividualsegment,willcontinuetoincreaseoverthenextyears.ReadmoreNote(s):Worldwide;2016to2022Source(s):Statista;StatistaTechnologyMarketOutlookNetworkinfrastructurerevenuegrowthworldwidefrom2017to2027,bysegmentNetworkinfrastructurerevenuegrowthworldwide2017-2027,bysegmentEnterpriseNetworkInfrastructureServiceProviderNetworkInfrastructure12%10.3%10%8%6.1%6%6%4.2%3.6%4.1%3.6%4%3.7%4%3.7%4%3.4%3.8%3.6%0.9%4%2%2.3%2.3%0.8%0%-1.6%-3.3%-2%-4%-3.2%201920172018202020212022202320242025202620278Description:In2021,theglobalnetworkinfrastructuremarketgeneratedrevenueinexcessof189billionU.S.dollars.Therevenuefromenterprisenetworkinfrastructuregrewby10.3percentinthatyear.TheStatistaTechnologyMarketOutlookestimatesthattherevenueoftheserviceprovidernetworkinfrastructuremarketwillincreasein2022andremainatasteadygrowthrateofaroundfourpercentuntil2027.ReadmoreNote(s):Worldwide;2017to2027Source(s):Statista;StatistaTechnologyMarketOutlookWirelessnetworkinfrastructurerevenueworldwidefrom2020to2022,bysegment(inbillionU.S.dollars)Globalwirelessinfrastructurerevenue2020-2022,bysegment5GLTEand4G3Gand2GSmallcellsnon-5GMobilecore60504030201006.276.065.717.111.17.121.956.593.1612.1114.5717.1323.25202219.13202113.7720209Description:In2021,worldwide5Gnetworkinfrastructurerevenueisexpectedtoreach19.13billionU.S.dollars.In2022,thisissettogrowfurtherto23.25billionU.S.dollarssettobegeneratedgloballyfrom5Gnetworkinfrastructure.

ReadmoreNote(s):Worldwide;2020to2021Source(s):Gartner5Ginfrastructuremarketrevenueshareworldwidein2020and2025,bycommunicationinfrastructureGlobal5Ginfrastructuremarketshare2020-2025,bycommunicationinfrastructureRANTransportnetworkCorenetwork120%100%80%60%40%20%0%12.82%19.32%11.58%19.3%67.85%202069.13%2025*10Description:In2020,radioaccessnetwork(RAN)communicationinfrastructureaccountedfornearly68percentoftheglobal5Ginfrastructuremarket,whilethetransportnetworksegmentaccountedforjustover19percentofthemarket.

ReadmoreNote(s):Worldwide;2020;*Forecast.ReadmoreSource(s):BISResearch5Ginfrastructuremarketrevenueshareworldwidein2020and2025,byapplicationGlobal5Ginfrastructuremarket2020-2025,byapplicationConsumerelectronicsAutomotiveIndustrialEnergyandUtilitiesOthers120%100%80%60%40%20%0%20.5%15.6%19.5%20.8%15.7%20.1%21.9%21.7%22.6%202021.7%2025*11Description:In2025,consumerelectronicsandautomotiveapplicationsareforecasttomakeupabout21.7percentoftheglobal5Ginfrastructuremarketeach,whileindustrialapplicationswillaccountforjustover20percent.ReadmoreNote(s):Worldwide;2020;*Forecast.ReadmoreSource(s):BISResearchCHAPTER

02FinancialsNokianetsalesworldwidefrom1999to2021(inbillioneuros)Nokianetsalesworldwide1999-20216051.0650.715040302010042.4541.1240.9838.6634.1931.1930.3830.1830.0229.53

29.3723.6423.1523.3222.5622.221.8519.7712.7112.511.761999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013*

2014

2015

2016

2017

2018

2019

2020

202113Description:In2021,Nokiagenerated21.1billioneurosinnetsales,anincreasefromtheyearbeforewherethecompanymade21.85billioneuros.

ReadmoreNote(s):Worldwide;1999to2021;*In2013Nokiasolditsdevices&servicesbusinesstoMicrosoftfor5.44billioneuros.ThereforesalesfromthatsegmentarenolongerpartofNokia'soverallrevenue.ThesalesofNokiain2012withoutthe[...]

ReadmoreSource(s):NokiaNokianetsalesworldwidefrom2009to2022,byquarter(inbillioneuros)Nokianetsalesworldwide2009-2022,byquarter1412.6511.991210810.410.271010.019.919.819.529.279.288.988.047.247.726.366.47.547.356.876.95.659.696.726.656.556.416.135.955.855.75.665.875.685.65.635.565.395.465.315.4

5.355.295.315.035.024.915.084.9243.483.513.092.942.6620Q1

Q3

Q1

Q3

Q1

Q3

Q1

Q3

Q1

Q3

Q1

Q3

Q1

Q3

Q1

Q3

Q1

Q3

Q1

Q3

Q1

Q3

Q1

Q3

Q1

Q3

Q1'09

'09

'10

'10

'11

'11

'12

'12

'13

'13

'14

'14

'15

'15**

'16

'16**

'17

'17

'18

'18

'19

'19

'20

'20

'21

'21

'2214Description:Inthesecondquarterof2022,Nokiareportednetsalesofapproximately5.9billioneuros.Thiswasasubstantiallyhigherthanthe5.4billioneurosgeneratedbythecompanyinthepreviousquarter.

ReadmoreNote(s):Worldwide;2009to2022;*In2013Nokiasolditsdevices&servicesbusinesstoMicrosoftfor5.44billioneuros.Thereforethecomparabilityoffiguresfrom2013onwardwithfiguresfromyearspriorto2013islimited(e.g.netsalesinQ4'[...]

ReadmoreSource(s):NokiaNokianetsalesworldwidefrom2012to2021(inbillioneuros),byregionNokianetsalesworldwide2012-2021,byregionEuropeAsiaPacificGreaterChinaMiddleEastandAfricaLatinAmericaNorthAmerica2520151057.026.386.956.587.127.281.281.911.461.871.381.871.471.8821.011.91.381.231.921.551.721.381.462.521.841.662.652.171.590.971.541.011.321.171.21.171.714.234.084.561.051.383.854.222.564.53.433.233.296.836.836.626.626.646.414.343.943.813.490201220132014201520162017201820192020202115Description:In2021,Nokiagenerated6.64billioneurosinrevenueinEurope.However,theregionwhereNokiageneratedthemostrevenuewasNorthAmerica,whererevenuesamountedto7.28billioneuros.

ReadmoreNote(s):Worldwide;2012to2021Source(s):NokiaNokianetincomeworldwidefrom2006to2021(inmillioneuros)Nokianetincomeworldwide2006-20218,0007,2056,0004,0002,00004,3063,9883,4622,4661,8501,6238917-340-615-766-1,1642011-2,000-4,000-1,4942017-2,4312020-3,105201220062007200820092010201320142015201620182019202116Description:Nokiaexperiencedanetprofitofover1.62billioneurosin2021.Thisisachangefromthepreviousyear,whenthecompanyregisteredalossofover2.4billiondollars.TheFinnishcompanyonceknownforcellphoneshasshifteditsfocustoprovidingtelecommunicationnetworksequipmentandservices-amarketwhichwasforecasttogrowthrough2020.ReadmoreNote(s):Worldwide;2006to2021Source(s):NokiaNokiaexpenditureonresearchanddevelopmentworldwidefrom1999to2021(inbillioneuros)Nokiaexpenditureonresearchanddevelopmentworldwide1999-202175.975.915.8665432105.645.5854.924.784.624.534.214.093.93.833.76

3.783.052.992.582.422.091.91.7617Description:In2021,Nokiaspent4.21billioneurosonresearchanddevelopment(R&D),whichisanincreaseofaround130millioneurosfromtheyearbefore.Thecompany`sR&DexpenditureshaverecoveredafterdroppingtobelowtwobillionU.S.dollarsin2014,aresultfromthecompanysellingitsdevicessegmenttoMicrosoftandrestructuringtofocusonnetworkinfrastructure.ReadmoreNote(s):Worldwide;1999to2021;*In2013Nokiasolditsdevices&servicesbusinesstoMicrosoftfor5.44billioneuros.Thereforethecomparabilityoffiguresfrom2013onwardwithfiguresfromyearspriorto2013islimited(Figurefor2012[...]

ReadmoreSource(s):NokiaNokianumberofemployeesworldwidefrom2005to2021(in1,000s)Nokianumberofemployeesworldwide2005-202114012010080132.43130.05125.83123.55112.26102.76

103.08100.8897.898.3292.0487.968.4858.8758.955.455.726040200200520062007*20082009201020112012

2013**

2014201520162017201820192020202118Description:In2021,Nokiahad87,900employeessituatedinaround130locationsthroughouttheworld,witharound38thousandeachinEurope.Incomparison,Nokia`snetrevenuewaslargestinNorthAmericaat7.28billioneuros,whereabout13percentofNokia`semployeesarelocated,andsecondtothatwasEuropewith6.64billioneuros.ReadmoreNote(s):Worldwide;2005to2021;*Thesignificantincreaseofemployeenumbersin2007isduetothefoundationofNokiaSiemensNetworks.**In2013Nokiasolditsdevices&servicesbusinesstoMicrosoftfor5.44billioneuros.Thereforethe[...]

ReadmoreSource(s):NokiaNokianumberofemployeesworldwidefrom2018to2021,byregion(in1,000s)Nokianumberofemployeesworldwide2018-2021,byregionEuropeAsia-PacificGreaterChinaNorthAmericaLatinAmericaMiddleEast&AfricaIndia120,000100,00080,00060,00040,00020,0000201820192020202119Description:In2021,Nokiahadapproximately37,700employeesinEurope,withafurther16,000employeesbasedinIndiaalone.Intotal,Nokiahadaround87,900employeesworldwidein2021,operatingacross130differentlocations.

ReadmoreNote(s):Worldwide;2018and2021Source(s):NokiaNokiatotalamountofsalariesandwagespaidworldwidefrom2016to2021(inmillioneuros)Nokiasalariesandwagespaidworldwide2016-20217,0006,5176,4566,2756,1916,0946,0556,0005,0004,0003,0002,0001,0000201620172018*2019*2020202120Description:In2021,Nokiapaidapproximately6.19billioneurosinsalariesandwages,slightlyupfromthe6.06billioneurosthatthecompanyreportedlypaidinthepreviousyear.In2021,thecompanyemployedaround87,900peopleworldwide.

ReadmoreNote(s):Worldwide;2016to2021;*Adjustedtoreflectarevisedamountofrestructuringexpenses.ReadmoreSource(s):NokiaCHAPTER

03SegmentsNokianetsalesworldwidefrom2016to2021,bysegment(inbillioneuros)Nokianetsalesworldwide2016-2021,bysegmentNetworksNokiaSoftwareNokiaTechnologiesGroupCommonandOtherMobilenetworksNetworkinfrastructureCloudandnetworkservices302520151051.140.951.121.051.021.492.781.650.981.53.097.671.42.6621.8320.5220.1218.2116.879.720.261.5020162017201820192020202122Description:In2021,Nokia`sNetworksBusinessgeneratedover20billioneurosinrevenuefromitsmobilenetworks,networkinfrastructure,andcloudandnetworkservicessegments,continuingtobringinthemajorityofNokia`srevenue.Intotal,thecompanyreached22.2billioneurosinrevenue,representinganincreasefromthepreviousyear.ReadmoreNote(s):Worldwide;2016to2021Source(s):NokiaNokiaNetworksegmentnetsalesworldwidefrom2007to2021(inbillioneuros)NokiaNetworkssegmentnetsalesworldwide2007-20212521.8320.5220.122018.2116.8715.311510514.0413.7813.3912.5712.6611.4911.2811.29.72020072008200920102011201220132014201520162017201820192020202123Description:In2021,approximately9.72billioneurosworthofrevenuewasgeneratedbyNokiamobilenetworks.Thisisadecreasefromthetotalnetsalesreportedoneyearearlier.

ReadmoreNote(s):WorldwideSource(s):NokiaNokianetsalesworldwidefrom2018to2021,bycustomertype(inmillioneuros)Nokianetsalesworldwide2018-2021,bycustomertypeCommunicationserviceprovidersEnterpriseLicensesOther*25,00020,00015,00010,0005,00008619651,4871,4091,1481,5021,5759251,4021,5711,4761,16719,55818,95517,96917,977201820192020202124Description:Nokiaprovidesseparatenetsalesdisclosureforitsdifferentcustomertypes:(i)CommunicationServiceProviders,(ii)Enterprisesand(iii)Licensees.Nokia'sbiggestcustomertypein2021wascommunicationserviceproviders,inwhichitgeneratedapproximately17.98billioneurosinnetsales.ReadmoreNote(s):Worldwide;2018to2021;*IncludesnetsalesofAlcatelSubmarineNetworks(ASN)andRadioFrequencySystems(RFS),bothofwhicharebeingmanagedasseparateentities,andcertainotheritems,suchaseliminationsofinter-segment[...]

ReadmoreSource(s):NokiaNokiaNetworksbusinesssegmentnetsalesworldwidefrom2018to2021,byproduct(inbillioneuros)NokiaNetworksbusinesssegmentnetsalesworldwide2018-2021,byproductMobileAccessFixedAccessIPRoutingOpticalNetworks20181614121081.751.612.551.72.921.891.711.682.771.761.9811.2720182.36611.66201910.6420209.72420202125Description:In2021,Nokia'sNetworksBusinessgeneratedover15billioneurosinrevenue.ThemajoritywasgeneratedfromMobileAccessNetworksales,whichamountedto9.72billioneuros.Thiswasadecreasebyalmostonebillioncomparedtothepreviousyear.ReadmoreNote(s):Worldwide;2018to2021;*Since2019,NokiaprovidesnetsalesdisclosureforthefollowingbusinesseswithinNetworksreportablesegment:(i)MobileAccess(comprisesMobileNetworksandGlobalServicesoperatingsegments),(ii)Fixed[...]

ReadmoreSource(s):NokiaCHAPTER

04CompetitorsRankingoftelecominfrastructurecompaniesbybrandvaluein2022(inbillionU.S.dollars)Leadingtelecominfrastructurecompaniesbybrandvalue2022BrandvalueinbillionU.S.dollars30

400102050607080HuaweiCisco71.226.6Nokia9QualcommZTE7.83.7EricssonCorningJuniperHengtongZTT32.21.10.90.727Description:In2022,themostvaluabletelecommunicationinfrastructurebrandwasHuaweiwithavalueof71.2billionU.S.dollars,thiscomingdespitecontinuedcontroversywithquestionssurroundingthesecurityofitsnetwork.Ciscorankedsecondwithabrandvalueof26.6billionU.S.dollars.ReadmoreNote(s):Worldwide;2021Source(s):BrandFinanceServiceprovidernetworkinfrastructurevendormarketshareworldwidein2022Globalserviceprovidernetworkinfrastructurevendormarketshare202240%33.8%35%30%25%20%15%10%5%17.2%14.6%Nokia13.5%8.3%ZTE4.5%NEC4.5%Cisco3.6%0%HuaweiEricssonMotorolaOther28Description:In2022,Huaweimadeup33.8percentoftheServiceproviderNetworkInfrastructuremarket.Nokiafollowedwitha14.6shareofthemarketinthatyear.ReadmoreNote(s):Worldwide;July2022Source(s):Statista;StatistaTechnologyMarketOutlookEnterprisenetworkinfrastructurevendormarketshareworldwidein2022Globalenterprisenetworkinfrastructuremarketshare202245%41%40%35%30%25%20%15%10%5%33.1%10%5%3.7%3.5%2%1.7%0%CiscoHuaweiHPENokiaJuniperNetgearDellEMCOther29Description:In2022,CiscoSystemsmadeup41percentoftheenterprisenetworkinfrastructuremarket.Huaweifollowed,accountfortenpercentofthemarket.ReadmoreNote(s):WorldwideSource(s):Statista;StatistaTechnologyMarketOutlookMobilebasestationvendormarketshareworldwidefrom2019to2022Mobilebasestationvendormarketshareworldwide2019-2022HuaweiEricssonNokiaSamsungZTEOthers120%100%80%60%40%20%0%5%9.5%4.5%9%10.5%3.5%12.5%11%2.5%12%6.5%6.5%24.5%21.5%20%21.5%24%30%26%23.5%29%30%29%27.5%2019202020212022*30Description:In2021,Huaweiaccountedfor30percentoftheglobalmobilebasestationmarket,withEricssonrankingsecondoccupying23.5percentofthemarket.In2022,i