Mumbai: Nokia will launch millimetre-wave fixed wireless access (FWA) products in India within six months as it targets growing its enterprise and hyperscaler business to at least twice its current levels in the next three years, a top official said.
The Finnish telecom equipment maker is finalising partnerships in banking, utilities and defense sectors, Prashant Malkani, country head for network infrastructure, APAC market at Nokia, told ET. He said that several deals are in the pipeline, and the company hopes to conclude a couple within this calendar year.
"We want to grow it at least to 2x what we are doing today in the next three years. The plan is to grow this multifold in the next three to five years," Malkani said.
Nokia is expanding into enterprise and hyperscaler segments alongside its core service provider business. Malkai said the company's biggest business and focus will still remain with service providers. "Traditional operator growth is moderating, while enterprise and hyperscaler demand is rising at 2-3x the pace of telco capex," said Vinish Bawa, Partner and Telecom sector leader at PwC India.
India's enterprise networking market stood at $16 billion in 2024 and is projected to reach $22 billion by 2030, according to Bawa. The private 5G market alone is expected to grow from $3.86 billion in 2025 to $17.5 billion by 2030.
Datacenter capacity has grown from 350 MW in 2019 to 1,263 MW in 2025, with projections exceeding 3.5 GW by 2030, backed by $25-$30 billion in investments, Bawa said. "Hyperscalers, global and Indian datacentre operators, telcos, tech companies are leading this expansion," he added.
Nokia is focusing on three areas: security including quantum-safe networks, scalability and reliability with low-latency connectivity, according to Malkani. The company operates one of its largest global R&D facilities in Bangalore and has manufacturing partnerships in Noida. Investment figures will be available by early 2026, he said.
Bawa described the three-year doubling target as ambitious but achievable. "With India's enterprise 5G and private network market projected at $2 billion by FY27, vendors with early hyperscaler partnerships, verticalised solutions, and local integration capabilities have a credible path to such growth. The real challenge is execution velocity and ecosystem alignment, not market opportunity," Bawa said.
The Finnish telecom equipment maker is finalising partnerships in banking, utilities and defense sectors, Prashant Malkani, country head for network infrastructure, APAC market at Nokia, told ET. He said that several deals are in the pipeline, and the company hopes to conclude a couple within this calendar year.
"We want to grow it at least to 2x what we are doing today in the next three years. The plan is to grow this multifold in the next three to five years," Malkani said.
Nokia is expanding into enterprise and hyperscaler segments alongside its core service provider business. Malkai said the company's biggest business and focus will still remain with service providers. "Traditional operator growth is moderating, while enterprise and hyperscaler demand is rising at 2-3x the pace of telco capex," said Vinish Bawa, Partner and Telecom sector leader at PwC India.
India's enterprise networking market stood at $16 billion in 2024 and is projected to reach $22 billion by 2030, according to Bawa. The private 5G market alone is expected to grow from $3.86 billion in 2025 to $17.5 billion by 2030.
Datacenter capacity has grown from 350 MW in 2019 to 1,263 MW in 2025, with projections exceeding 3.5 GW by 2030, backed by $25-$30 billion in investments, Bawa said. "Hyperscalers, global and Indian datacentre operators, telcos, tech companies are leading this expansion," he added.
Nokia is focusing on three areas: security including quantum-safe networks, scalability and reliability with low-latency connectivity, according to Malkani. The company operates one of its largest global R&D facilities in Bangalore and has manufacturing partnerships in Noida. Investment figures will be available by early 2026, he said.
Bawa described the three-year doubling target as ambitious but achievable. "With India's enterprise 5G and private network market projected at $2 billion by FY27, vendors with early hyperscaler partnerships, verticalised solutions, and local integration capabilities have a credible path to such growth. The real challenge is execution velocity and ecosystem alignment, not market opportunity," Bawa said.
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