- Home
- Technology
- News
Nokia brings its own cloud-based software subscription service
Many technology companies have been moving toward a subscription model from upfront licensing to build a predictable, recurring business.


Stockholm: Nokia (NOKIA.HE) Wednesday announced that it is planning to launch a cloud-based software subscription service in a bid to target telecom companies for providing software around analytics, security and data management.
Many technology companies have been moving toward a subscription model from upfront licensing to build a predictable, recurring business.
While some of Nokia's software portfolio will be offered under subscription from this year, more will be commercially available in early 2022.
When Nokia created its software division in 2016, the idea was to get into subscription too, but we never executed, Senior Vice President Mark Bunn said in an interview.
"Now we have executed on it ... we have built underlying technology to be able to operate at scale," he said.
A cloud-based software platform can lower costs, make it easier to deploy and manage, and customers can try the platform before committing for long-term use.
Nokia, which has been in discussions with potential customers, said it is targeting an addressable market of $3.1 billion for the 2021-2025 period, with an annual growth rate of about 25-30%.
COURTESY: REUTERS

Punjab govt's important decision regarding toll plazas for public convenience
- 20 hours ago

Can America recover from Trump? Here’s what new data says.
- 19 hours ago

Establishing Palestine with pre-1967 borders is bedrock of Pakistan's Middle East policy: PM
- 20 hours ago

Abhishek Bachchan first time wins Best Actor Filmfare Award in 25-year career
- 19 hours ago

Google to invest $15bn in India
- 20 hours ago

Fourth day of 1st Test: South Africa's batting continues in second innings
- 8 minutes ago

You can still snag LG’s C4 OLED TV at half the price
- 21 hours ago

Azad Kashmir Information Minister Mazhar Saeed resigns
- 19 hours ago

Here’s how Apple is locking down iPhones to comply with Texas’ age verification law
- 21 hours ago

Gen-Z overthrows govt in Madagascar, president flee, parliament dissolves
- 2 hours ago

Once a club on the rise, Liverpool in desperate need of a spark under Gareth Taylor
- 18 hours ago

Donald Trump announces to start second phase of Gaza peace deal
- 2 hours ago