This is mentioned in the press release on the company's website.
Businesses are increasingly in need of their own 5G networks. In 2023, private 5G IoT networks accounted for 5% of the total — approximately 1.3 million, and by 2030, this share is expected to rise to 13%. This is driven by the growing volume of data. For instance, to ensure the uninterrupted operation of extensive security systems with thousands of sensors, a 5G network is essential, as it also optimizes business expenses.
The agreement will facilitate the expansion of the APE ecosystem, which Nokia is building in collaboration with operators, software developers, and hyperscalers. This will be a significant step in developing the network and monetizing network assets. GlobalLogic will utilize Nokia's Network as Code platform to develop new business applications.
With Nokia's Network as Code platform, GlobalLogic will create new 5G solutions and applications for the automotive, industrial, and financial sectors. Developments in these industries will focus on: enhancing operational efficiency, preventing fraud, improving customer experience, and creating new revenue streams. This will lay the groundwork for transforming other industries.