Nokia mentioned on Wednesday it plans to launch a cloud-based software program subscription service focusing on telecom corporations for offering software program round analytics, safety, and knowledge administration.

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

While a few of Nokia’s software program portfolio can be provided beneath subscription from this yr, extra can 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 mentioned in an interview.

“Now we have executed on it … we have built underlying technology to be able to operate at scale,” he mentioned.

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

Nokia, which has been in discussions with potential prospects, mentioned it’s focusing on an addressable market of $3.1 billion (roughly Rs. 23,060 crore) for the 2021-2025 interval, with an annual progress price of about 25-30 p.c.

© Thomson Reuters 2021