Nokia has been ranked first in telecoms software and services according to a report published by Market Research Company Analysys Mason which focused on the telecomm software and service market in 2019. The sector which accounted for $66.9 billion was much more competitive than the network infrastructure market. Compared to the network infrastructure market where we have 3 big players, the telecom software and service market has 6 vendors that are inside the range of 4% marketshare difference, meaning any one of them can go on top in a short period of time.
Nokia was ranked again the No. 1 vendor in the telecom software and service market in 2019 with a marketshare of 7% worth around 4.5 billion dollars. The No. 2 and No. 3 also scored around 7% in marketshare, which is the best sign of how competitive this market is.
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It will be interesting to see how Nokia will rank in 2020, because the company has been focusing a lot on its software business that started giving results. An analyst speculated that Nokia should drop the network business and focus on telecom software instead, because that market has a higher profit margin and is expected to have more growth in the coming years.
Kelechi Deca
Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry