Friday, 18 September 2020 09:33

Nokia retains top spot in rankings as telecom software, services market hits US$66.9 billion

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The global telecom software and services market in 2019 grew about 1% to US$66.9 billion, with Nokia again ranked as the top service provider by market share with approximatelly US$4. billion, according to the rankings by research firm Analysys Mason in its latest annual report.

The research firm says that overall the telecoms software market is stable but 5G, cloud and digital transformation are creating new challenges and opportunities.

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. The latest report for 2019 from the research firm provides market share data for communications service provider (CSP) spending on telecoms-specific software systems and related services across seven different segments

“Nokia is once again the overall leader in telecoms software market share for 2019. They achieved this partly through their leadership in strong growth areas like network virtualization but also because they are among the leaders in nearly every major category of telecoms software,” said Larry Goldman, Partner & Head of Networks and Software Research, Analysys Mason.

“New communication service provider software decisions lean heavily toward cloud-native products which work in Nokia’s favor.”

“Understanding our customers and where their needs are going is central to how Nokia Software designs software and services; that is the impulse behind our truly cloud-native applications on the Nokia Common Software Foundation,” spend,” said Bhaskar Gorti, President of Nokia Software and Chief Digital Officer.

“I am extremely pleased for our employees and would say on their behalf that we are gratified that customers continue to prioritize Nokia in their telco software.”

Key developments in the telecoms software and services market in 2019 reported by Analysys Mason include:

  • Telecoms software revenue in 2019 grew 1% from 2018; there were only small changes in the relative size of the segments between 2018 and 2019.
  • The roll-out of 5G NR has had a small but noticeable, positive effect on spending in most telecoms software segments, but 5G standalone will have a greater impact.
  • CSPs’ shift to cloud technologies was another significant driver of change in 2019.
  • Digital transformation continues to be an important driver of CSP software spend.
  • Professional services account for more than half of CSPs’ overall spend.

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Peter Dinham

Peter Dinham - retired and is a "volunteer" writer for iTWire. He is a veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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