Nokia to launch cloud-based software program subscription service


STOCKHOLM (Reuters) – Nokia stated on Wednesday it plans to launch a cloud-based software program subscription service concentrating on telecom corporations for offering software program round analytics, safety and knowledge administration.

Many expertise corporations have been transferring towards a subscription mannequin from upfront licensing to construct a predictable, recurring enterprise.

Whereas a few of Nokia’s software program portfolio will likely be provided below subscription from this 12 months, extra will likely be commercially out there in early 2022.

When Nokia created its software program division in 2016, the concept was to get into subscription too, however we by no means executed, Senior Vice President Mark Bunn stated in an interview.

“Now we’ve executed on it … we’ve constructed underlying expertise to have the ability to function at scale,” he stated.

A cloud-based software program platform can decrease prices, make it simpler to deploy and handle, and prospects can strive the platform earlier than committing for long-term use.

Nokia, which has been in discussions with potential prospects, stated it’s concentrating on an addressable market of $3.1 billion for the 2021-2025 interval, with an annual development price of about 25-30%.

(Reporting by Supantha Mukherjee in Stockholm; Enhancing by Nick Zieminski)

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