Nokia to launch cloud-based software subscription service

Nokia to launch cloud-based software subscription service

Information about Nokia to launch cloud-based software subscription service

Kevin David Scam or Legit


STOCKHOLM (Reuters) – Nokia said on Wednesday it plans to launch a cloud-based software subscription service targeting 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.

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