Nokia Corp (NYSE:NOK) ranked No. 1 again in telecom software, services

Nokia

17 September 2020 (USMarketWire) Espoo, Finland – Nokia Corp (NYSE:NOK) has been ranked again as the top telecom software and services provider by market share, according to Analysys Mason, a leading independent global research firm. The ranking, in Analysys Mason’s latest annual report just published, reflects Nokia’s strategic progress in strengthening its software business.

Analysys Mason said the global telecom software and services market in 2019 grew about 1% to $66.9 billion, with Nokia’s share coming in at approximately $4.5 billion.

Nokia Software products are engineered for its cloud-native, multi-network, multi-vendor Common Software Foundation and optimized for all the leading public cloud platforms to give operators wide operational flexibility.

More broadly, Nokia’s portfolio leads in such high growth areas as virtualization, digital infrastructure, network orchestration and automation, AI/machine learning, and cognitive analytics.

Analysys Mason ranked Nokia as the top software provider by-product market share in its 2017 report and the same top position for both telecom software and services in the research firm’s 2018 report.

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