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Nokia plans to launch cloud-based software subscription for telcos

Nokia said Wednesday it plans to launch a cloud-based software subscription service targeted at telcos and providing analytics, security and data management software.

Many tech companies are moving from a pre-licensing subscription model to building a predictable, repeatable business.

While some of Nokia’s software will be offered by subscription from this year, more will be available in early 2022.

“When Nokia created its software division in 2016, the idea was to switch to subscription, but we never did,” Senior Vice President Mark Bunn said in an interview.

“Now we have accomplished that … we have created the underlying technology to be able to operate on a large scale,” he said.

A cloud-based software platform can reduce costs, simplify deployment and management, and customers can try out the platform before moving to long-term use.

Nokia, which has been in talks with potential customers, said it is targeting an available market of $ 3.1 billion (roughly Rs 23,060) for the period 2021-2025 with an annual growth rate of around 25-30 percent.

© Thomson Reuters 2021



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