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Qualcomm is introducing a new chip that will improve 4G LTE wireless data service inside and outside of a house. Qualcomm will offer a low-cost chip, FSM90xx SoC, that should be inexpensive enough to include in Wi-Fi routers by device makers. This would create mini 4G LTE cells in a person’s home. According to Qualcomm, the 4G LTE small cell technology can be put into products that are also offering Wi-Fi access.

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Back in October of 2010, the ITU declared that LTE technology wasn’t technically “4G,” and that no major wireless carrier was technically deploying 4G networks. According to the ITU, only technology like LTE-Advanced, capable of speeds over 100 Mbps, could be considered 4G. Carriers ignored the declaration with T-Mobile arguing their HSPA+ build was the “largest 4G network,” and Sprint & Verizon also made “4G” part of marketing for their respective LTE networks (technically, LTE and Mobile WiMax).

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Allied Market Research is reporting that the LTE market will grow quickly and be worth more than $997 Billion by 2020. The report analyzes the global LTE market based on geographical regions and reveals that Asia Pacific possesses the highest potential and is expected to generate the highest revenue with approximately 40% of the global LTE market. North America currently occupies about 50% share in the global market.

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According to Infonetics Research, older wireless networks such as EDGE and HSPA will remain for operators even though LTE rollouts continue to expand across the country. Infonetics found that nearly 75 percent of survey respondents are running EDGE networks to enable new services and enhance user experience. However, those operators that do not have EDGE also do not see a need for it.