The forecast for the Global Business Smartphone market has been adjusted downwards to a more conservative growth trajectory, because of longer replacement cycles and higher ASPs. While the overall global smartphone market has declined for 2 straight quarters, the business smartphone market remains a sweet spot for major vendors. Strategy Analytics predicts business smartphone shipment volumes will decline by 3.3% YoY in 2018 with a compound annual growth rate (CAGR) of 6.4% over the 2018-2023 forecast period.

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