World News: 11:00 GMT Wednesday 11th September 2019. [Qwilt via Globe Newswire via SPi World News]
REDWOOD CITY, Calif., Sept. 11, 2019 (GLOBE NEWSWIRE) -- , a leading provider of edge cloud and media delivery solutions, announced today its innovative new service, Qwilt Content Delivery Sharing (CDS), a unique approach to content delivery over the Internet. Qwilt’s new service uses the same sharing economy model made famous by Uber and others, in which local service providers are paid to use their own assets to deliver a service that is coordinated by a central entity. Users get the benefit of on-demand, local service and the simplicity of a single coordinating entity. With Qwilt Content Delivery Sharing, the OTT content providers’ content is delivered by local ISP edge computing assets, instead of a more distant CDN. The outcome for the OTT content provider is more delivery capacity, higher quality and lower prices. In this new sharing model for content delivery, Qwilt, like Uber, serves as the overall coordinator, instantly matching consumer requests for OTT content with local ISPs who are ready to deliver. Content Delivery Sharing is unique because of the partnerships Qwilt has established with service providers who operate the edge delivery infrastructure, as well as the collaborative relationship with publishers who value the high performance and capacity available through in-ISP network delivery.
The concern about a looming content delivery capacity gap around the world is being driven by many factors: first, the proliferation of streaming services and accompanying consumer demand; second, the steady march of higher resolution content and devices, from SHD to 4K to 8K; and third, the increasing capacity of access networks, both mobile and fixed broadband, which prompt consumers to expect broadcast quality when streaming. As evidence of these factors, the expected growth of media consumption worldwide, especially due to the new network capabilities brought on by 5G, is staggering. According to a by Ovum and Intel, average monthly data consumption per 5G subscriber will grow from 11.7GB in 2019 to 84.4GB in 2028, at which point video will account for 90% of all 5G traffic. According to , the content delivery network market was valued at $7.33 billion in 2017 and is expected to reach a value of $29.48 billion by 2023 at a CAGR of 26.1%, over the forecast period (2018-2023).
Content Delivery Sharing’s innovative approach disrupts the 20-year-old CDN business model and, more importantly, solves the looming delivery capacity gap problem. As OTT video traffic continues to increase exponentially, CDNs will almost certainly be overloaded, becoming a bottleneck themselves. Qwilt’s CDS allows ISPs to optimally place edge delivery nodes inside their own networks, far from CDN peering points, alleviating bottlenecks and moving content closer to end users.
“Qwilt’s Content Delivery Sharing leverages the Open Caching specifications developed in the Streaming Video Alliance over the last five years,” said Dan Rayburn, principal analyst at Frost and Sullivan. “There is an important dimension to Qwilt’s approach, which can help create needed content delivery capacity as streaming demand grows. Qwilt’s CDS model means ISPs have a direct role in the content delivery value chain because they purchase, deploy and operate the CDS edge delivery infrastructure. Because this is based on Open Caching, ISPs can have confidence this architecture and operational model has industry support.”
“Content Delivery Sharing is the solution publishers need to scale their streaming services for coming demand,” said Alon Maor, CEO of Qwilt and board member of the Streaming Video Alliance. “Along with our service provider partners, we believe this new model for content delivery will establish the right trajectory for streaming capacity and scale that will benefit the entire ecosystem – publishers, services providers and consumers.”
(2) Global Content Delivery Network Market 2018 to Boom $29.48 Billion Value by 2023 at a CAGR of 26.1%
Qwilt is a Founding Member of the Streaming Video Alliance and a leader of the Open Caching industry movement. Founded in 2010 by industry veterans from Cisco and Juniper, Qwilt is backed by Accel Partners, Bessemer Venture Partners, Cisco Ventures, Disrupt-ive, Innovation Endeavors, Marker and Redpoint Ventures. Learn more at .
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Globe Newswire: 11:00 GMT Wednesday 11th September 2019
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