Fastly Named a Leader in IDC MarketScape for Worldwide Edge Delivery Services 2024
Fastly (NYSE: FSLY) has been named a Leader in the IDC MarketScape: Worldwide Edge Delivery Services 2024 Vendor Assessment for the second time. The company's strengths include its well-rounded portfolio, fast performance, and WASM implementation. The global edge computing market is projected to reach $228 billion in 2024, a 14% increase from 2023, with expected growth to $378 billion by 2028. Fastly's global network has expanded to over 375 Tbps of connected capacity. The company was recognized for its support of high-level languages, VCL control, collaborative environment, and focus on observability.
Fastly (NYSE: FSLY) è stata nominata Leader nella valutazione dei fornitori dell'IDC MarketScape: Worldwide Edge Delivery Services 2024 per la seconda volta. I punti di forza dell'azienda includono un portfolio ben articolato, prestazioni elevate e implementazione di WASM. Si prevede che il mercato globale dell'edge computing raggiunga 228 miliardi di dollari nel 2024, con un aumento del 14% rispetto al 2023, e si prevede una crescita fino a 378 miliardi di dollari entro il 2028. La rete globale di Fastly si è espansa a oltre 375 Tbps di capacità connessa. L'azienda è stata riconosciuta per il suo supporto a linguaggi di alto livello, controllo VCL, ambiente collaborativo e attenzione all'osservabilità.
Fastly (NYSE: FSLY) ha sido nombrada Líder en la evaluación de proveedores de IDC MarketScape: Worldwide Edge Delivery Services 2024 por segunda vez. Las fortalezas de la empresa incluyen un portafolio bien equilibrado, un rendimiento rápido y la implementación de WASM. Se proyecta que el mercado global de computación de borde alcanzará $228 mil millones en 2024, un aumento del 14% respecto a 2023, con un crecimiento esperado de $378 mil millones para 2028. La red global de Fastly se ha expandido a más de 375 Tbps de capacidad conectada. La empresa fue reconocida por su apoyo a lenguajes de alto nivel, control VCL, entorno colaborativo y enfoque en la observabilidad.
패스트리(Fastly, NYSE: FSLY)는 IDC 마켓스케이프: 전 세계 엣지 배달 서비스 2024 공급업체 평가에서 두 번째로 리더로 선정되었습니다. 이 회사의 강점은 잘 구성된 포트폴리오, 빠른 성능 및 WASM 구현을 포함합니다. 전 세계 엣지 컴퓨팅 시장은 2024년까지 2,280억 달러에 이를 것으로 예상되며, 2023년 대비 14% 증가하고, 2028년까지 3,780억 달러에 이를 것으로 보입니다. 패스트리의 글로벌 네트워크는 375 Tbps 이상의 연결 용량으로 확장되었습니다. 이 회사는 고급 언어 지원, VCL 제어, 협업 환경 및 가시성에 대한 집중으로 인정받았습니다.
Fastly (NYSE: FSLY) a été nommé Leader dans l'évaluation des fournisseurs IDC MarketScape : Worldwide Edge Delivery Services 2024 pour la deuxième fois. Les forces de l'entreprise incluent un portefeuille bien équilibré, des performances rapides et une mise en œuvre de WASM. Le marché mondial de l'informatique en périphérie devrait atteindre 228 milliards de dollars en 2024, soit une augmentation de 14 % par rapport à 2023, avec une croissance prévue atteignant 378 milliards de dollars d'ici 2028. Le réseau mondial de Fastly s'est étendu à plus de 375 Tbps de capacité connectée. L'entreprise a été reconnue pour son support des langages de haut niveau, le contrôle VCL, un environnement collaboratif et son attentiveness à l'observabilité.
Fastly (NYSE: FSLY) wurde zum zweiten Mal als Leader im IDC MarketScape: Worldwide Edge Delivery Services 2024 Vendor Assessment ausgezeichnet. Zu den Stärken des Unternehmens gehören ein ausgewogenes Portfolio, hohe Leistungsfähigkeit und die WASM-Implementierung. Der globale Markt für Edge-Computing wird voraussichtlich 2024 228 Milliarden Dollar erreichen, ein Anstieg von 14 % im Vergleich zu 2023, mit einer erwarteten Wachstumsrate von 378 Milliarden Dollar bis 2028. Das globale Netzwerk von Fastly hat sich auf mehr als 375 Tbps an verbundener Kapazität erweitert. Das Unternehmen wurde für seine Unterstützung von Hochsprachen, VCL-Steuerung, kooperatives Umfeld und Fokus auf Observierbarkeit ausgezeichnet.
- Named Leader in IDC MarketScape for Edge Delivery Services 2024
- Network capacity expanded to over 375 Tbps globally
- Operating in a market projected to reach $228 billion in 2024
- Strong market growth outlook with CAGR reaching $378 billion by 2028
- None.
Insights
The IDC MarketScape leadership position, while prestigious, has direct financial impact. However, the broader market context is significant - edge computing spending is projected to reach
Fastly's network expansion to 375 Tbps of connected global capacity demonstrates substantial infrastructure investment, positioning them well to capture market share in this rapidly growing sector. Their WASM implementation and developer-friendly features could drive customer acquisition and retention, though the revenue impact isn't immediately quantifiable.
The edge computing market's strong growth trajectory presents significant revenue opportunities, but investors should monitor Fastly's ability to convert market leadership into tangible financial results, particularly given their current market cap of
“Fastly differentiates its offering with a well-rounded portfolio and continuous focus on fast performance and response times,” said Ghassan Abdo, IDC Research VP, WW Telecom, Virtualization & CDN. “Its WASM implementation delivers fast caching performance and cold starts.”
According to the IDC Worldwide Edge Spending Guide2, global spending on edge computing is estimated to reach
“We are proud to receive this recognition,” said Kip Compton, Chief Product Officer at Fastly. “We believe Fastly’s recognition as a Leader is a testament to the strength of our global network, which has grown to over 375 Tbps of connected global capacity3. We will continue to expand our strategically distributed, highly performant Points of Presence to empower organizations of all sizes to create fast, dynamic and secure digital experiences.”
In addition to Fastly’s high performance and low response times, other key strengths recognized in the IDC MarketScape for Worldwide Edge Delivery Services 2024 include:
- The support of several standard high-level languages that compile easily into a WASM runtime environment increases their appeal to developers. This is coupled with a granular control of VCL that simplifies the development of edge use.
- Fastly provides a collaborative environment for customers and developers. This is evident with a proactive approach to support services.
- The focus on observability aligns with customers’ demand for a better approach to reporting and real-time analytics.
To learn more about Fastly, its capabilities and position as a Leader in the IDC MarketScape for Worldwide Edge Delivery Services 2024 visit https://learn.fastly.com/network-services-IDC-Marketscape-Edge-Delivery-Service.html.
About IDC MarketScape
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and service suppliers in a given market. The research utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each supplier’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of technology suppliers can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective suppliers.
About Fastly, Inc.
Fastly’s powerful and programmable edge cloud platform helps the world’s top brands deliver online experiences that are fast, safe, and engaging through edge compute, delivery, security, and observability offerings that improve site performance, enhance security, and empower innovation at global scale. Compared to other providers, Fastly’s powerful, high-performance, and modern platform architecture empowers developers to deliver secure websites and apps with rapid time-to-market and demonstrated, industry-leading cost savings. Organizations around the world trust Fastly to help them upgrade the internet experience, including Reddit, Neiman Marcus, Universal Music Group, and SeatGeek. Learn more about Fastly at https://www.fastly.com, and follow us @fastly.
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1 “IDC MarketScape: Worldwide Commercial Content Delivery Network Services 2022 Vendor Assessment (doc #US47652821, March 2022).”
2 Source: IDC, “Worldwide Spending on Edge Computing Forecast to Reach
3 377 Tbps as of September 30, 2024.
Source: Fastly, Inc.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241118503683/en/
Media Contact
Spring Harris
press@fastly.com
Investor Contact
Vernon Essi, Jr.
ir@fastly.com
Source: Fastly, Inc.
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