Content caching brings many benefits as operators work out how to cope with the astounding growth in demand for Internet video and other OTT content driven by “Broadband First” consumer behavior. Bringing content closer — local — to consumers increases Quality of Experience and lowers costs. Local content delivery is evolving to go beyond caching to include other capabilities to optimize networks for quality and cost. Local — and open — content delivery platforms can also be the basis for monetization of OTT traffic.