PCCW Global and content delivery solutions specialist Solbox have signed an agreement to collaborate on innovations in the delivery of video services.

“We believe these unique Solbox solutions can play an important role in our approach to wholesale and retail distribution of media services,” said Phil Braden, Senior Vice President, Technology & Applications at PCCW Global.

Solbox will help PCCW Global further develop its growing media business by contributing innovative technology and solutions for optimal video delivery in selected markets. The Solbox solutions will build on PCCW Global’s groundbreaking work in this rapidly growing sector.

“We are honoured with PCCW Global’s decision to recognise the value of our solutions and to select Solbox as a partner for its expanding media business,” added Taeha Park, Chief Executive Officer of Solbox. “We likewise see the value of working with PCCW Global’s large international network.”

According to independent research firm MarketsandMarkets, the Content Delivery Network (CDN) market is expected to grow from $3.71bn in 2014 to $12.16bn by 2019.