Nokia To Soon Introduce A New SaaS Service For IoT Monetization

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In 2021, when it unveiled the Nokia Data Marketplace, Nokia entered the SaaS solutions market by offering operators these services.

In order to assist communication service providers (CSPs) and businesses in commercialising innovative 5G and IoT use cases and offerings, Nokia recently released a new Software-as-a-Service (SaaS) solution. According to the provider, the solution, named AVA Charging, uses AI, machine learning, no code configuration, open APIs, multi-cloud orchestration, and digital ecosystems to give “intelligence everywhere.”

The solution may be integrated with 5G Standalone core network functionalities in a multivendor environment and supports environments with more than 150 million subscribers. According to Nokia, CSPs will be able to more effectively monetise innovative consumer and business solutions like cloud gaming for the former and logistics for the latter.

The newest SaaS solution allows CSPs and businesses to have “dynamic digital infrastructure” and offers the “increasingly necessary pay-as-you-go, pay-as-you-grow commercial model,” according to a statement made by Mark Bunn, SVP of Nokia’s cloud and network services.

Following the releases of Nokia AVA for Energy and Nokia AVA Network Data Analytics Function in 2022, Nokia AVA Charging is the company’s ninth SaaS offering. With the launch of the Nokia Data Marketplace in November 2021, Nokia officially entered the SaaS solution market for operators.

The business stated aspirations to create three main SaaS suites spanning networking, digital enablement, and marketplaces at the time. The business estimated that by 2021 and 2025, the addressable market will be worth $3.1 billion.