The high productivity and low overhead costs achieved from a cloud-based networking environment amid the pandemic are expected to motivate businesses to continue with remote working in the post-pandemic world. Thus, networking giants Nokia Corporation (NYSE:NOK) and BlackBerry Limited (NYSE:BB) are well-positioned to grow significantly in the coming months. But let’s find out which of these stocks is a better buy now.Nokia Corporation (NOK) is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. The company’s networks segment comprises Mobile Access, Fixed Access, IP Routing, and Optical Networks businesses. NOK serves communications service providers, governments, large enterprises, and consumers.
BlackBerry Limited (BB) provides security software and services to enterprises and governments worldwide. The company leverages artificial intelligence (AI) and machine learning to deliver solutions in the areas of cybersecurity, safety and data privacy, and offers endpoint security management, encryption, and embedded systems.
The networking industry witnessed rising demand for its products and services over the past year owing to rapid adoption of remote working and learning. In fact, the global Data Center Networking market is expected to grow at a 7.2% CAGR over the next five years to reach $20.94 billion by 2025.