5G business smartphone shipments will grow at a CAGR of 28 percent over the 2021-2026 forecast period, according to a new Strategy Analytics forecast.

High positive growth is expected in China, India, Australia, South Korea, UK, France, Germany, and the US, as 5G begins to ramp in these countries in 2021.

BYOD 5G smartphone shipments will increase by 187 percent, and corporate-liable shipments will rise by 649 percent from 2020.

Increasing competition in the 5G Android space, particularly from Chinese vendors, will drive downward pressure on ASPs, which are expected to drop 23 percent, but revenue is expected to increase almost 10-fold from 2020 to 2026.

The 5G business smartphone market will be driven by adoption of enterprise mobility technology and solutions such as Artificial Intelligence, Machine Learning, Augmented reality (AR), Virtual Reality (VR), Enterprise Mobility Management (EMM), Unified Endpoint Management (UEM), Rich Communication Services (RCS), mobile UCaaS and mobile business apps.

Key vendors like Apple, Samsung, Huawei, Nokia and Google, are seeing 5G as an opportunity to bring mobile devices closer to the mobile workforce, with the implementation of vertical applications, IoT apps and Unified Endpoint Management (UEM), said Gina Luk, Principal Analyst, Mobile Workforce Strategies at Strategy Analytics.