Nokia announced it has been ranked as the top telecom software provider by market share, after the release of a leading industry report that underscores the company’s progression in driving its software strategy forward.
In their annual report just published, analysts at Analysys Mason said the global telecom software and services market in 2018 grew about 1% to $66.1 billion, with Nokia’s share coming in at $4.8 billion.
One year ago, Analysys Mason, an independent global consultancy and research firm, ranked Nokia as the top software provider by product market share and that remains true today. Now, Nokia is the overall market share leader across both telecom software and services combined.
According to Analysys Mason’s findings, Nokia is significantly improving its 5G-ready mobile network management offering by evolving it to be cloud-native and including value features that communication service providers (CSPs) find valuable and will pay for; while also expanding the capabilities and commercial customers for its leading platforms, such as CloudBand.
Over the past few years, Nokia has re-oriented its software products onto a Common Software Foundation (CSF) that is cloud-native, multi-network, multi-vendor, 5G-ready, and optimized for the leading public cloud platforms.
Nokia’s CSF, the first in the telecom software market to be done at scale, makes the company’s products easier to deploy, integrate, service and upgrade; and easier for Nokia to deliver new innovation faster to customers. As part of executing its software strategy over the past few years, Nokia has also established a dedicated software go-to-market organization and significantly transformed its R&D and delivery organizations.
Source: Nokia Press Release