4G LTE technology is undeniably mature, however, it is also still gaining traction and could remain the leading network type for the foreseeable future. Our market coverage suggests that this 4G loyalty boils down to a reluctance to absorb the expenditure associated with the rollout until 5G clearly identifies a financial advantage for the consumer, original equipment manufacturers (OEMs) or service providers. Additionally, the infrastructure and components required for 5G are intricate and costly, the development of which could offset any initial financial gain.
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