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Home 5G Nokia Plans to Launch Cloud-Based Software Subscription Service for Telecom Companies

Nokia Plans to Launch Cloud-Based Software Subscription Service for Telecom Companies

Nokia stated on Wednesday it plans to launch a cloud-based software program subscription service concentrating on telecom firms for offering software program round analytics, safety, and information administration.

Many know-how firms have been shifting towards a subscription mannequin from upfront licensing to construct a predictable, recurring enterprise.

Whereas a few of Nokia’s software program portfolio will probably be supplied beneath subscription from this yr, extra will probably be commercially obtainable 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 got executed on it … we’ve got constructed underlying know-how 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 clients can attempt the platform earlier than committing for long-term use.

Nokia, which has been in discussions with potential clients, stated it’s concentrating on an addressable market of $3.1 billion (roughly Rs. 23,060 crore) for the 2021-2025 interval, with an annual progress charge of about 25-30 %.

© Thomson Reuters 2021

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