Cloudflare Named a Leader in IDC MarketScape Worldwide Commercial CDN 2022 Vendor Assessment

Rhea-AI Summary

Cloudflare (NYSE: NET) has been recognized as a leader in the IDC MarketScape: Worldwide Commercial CDN 2022 Vendor Assessment, highlighting its strong strategy for technology investment and network expansion. The report emphasizes Cloudflare's global network, which spans over 250 cities and interconnects with more than 10,000 networks, achieving a 25% growth in network size and doubling its capacity to 121Tbps in two years. The company’s enterprise security solutions, particularly its Zero Trust suite, are noted for meeting the security needs of a distributed workforce.

Positive

• Recognized as a leader in the IDC MarketScape: Worldwide Commercial CDN 2022 Vendor Assessment.
• Achieved a 25% growth in network size and doubled capacity to 121Tbps in two years.
• Strong enterprise security solutions via the Zero Trust suite, catering to the needs of a distributed workforce.

Negative

• None.

Cloudflare positioned as a leader among WW CDN providers for its application, network, and zero trust services

SAN FRANCISCO--(BUSINESS WIRE)-- Cloudflare, Inc. (NYSE: NET), the security, performance, and reliability company helping to build a better Internet, has been positioned in the Leaders category in the IDC MarketScape: Worldwide Commercial CDN 2022 Vendor Assessment (doc #US47652821, March 2022).

“We aim to be the network that any business can plug into to deliver the fastest, most reliable, and most secure experiences, without having to worry about anything else. That’s why we are hyper focused on expanding our network, and building new products on top of it at a relentless pace of innovation,” said Matthew Prince, co-founder and CEO of Cloudflare. “Whether a customer initially joins us to support their performance needs, or to adopt a Zero Trust security model, we want to solve for their business needs without the security or performance trade-offs they’d have to make with other vendors.”

The IDC MarketScape report notes, “[Cloudflare’s] clear strategy to invest in new technology but also expand its network as well as its sales machine across these new territories has resulted in a tremendous growth curve in the past years.”

By continuously expanding and optimizing its network, Cloudflare is able to deliver a faster and more reliable Internet experience to users and businesses anywhere in the world. Cloudflare’s global network spans more than 250 cities in over 100 countries and interconnects with over 10,000 networks globally, including major ISPs, cloud services, and enterprises. In 2021, the company announced it grew its network by 25 percent and doubled its overall network capacity to 121Tbps in the last two years alone.

The company also launched its Zero Trust suite of products called Cloudflare One in 2020 as businesses were experiencing a drastic shift in the workplace—and how to protect it. Those changes have only accelerated since then, and Cloudflare has continued to invest and innovate to equip organizations with the Zero Trust tools they need. The IDC MarketScape notes in the report that, "Cloudflare’s enterprise security Zero Trust services stack is extensive and meets secure access requirements of the distributed workforce."

IDC MarketScape: Worldwide Commercial CDN 2022 Vendor Assessment evaluates 10 CDN vendors based on their current capabilities and future strategies for delivering Commercial CDN services. To learn more about Cloudflare’s capabilities and its position in the report, please check out the resources below:

• IDC MarketScape: Worldwide Commercial CDN 2022 Vendor Assessment
• Blog: IDC positions Cloudflare as a Leader among worldwide Commercial CDN providers

About IDC MarketScape:

IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’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 IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

About Cloudflare

Cloudflare, Inc. (www.cloudflare.com / @cloudflare) is on a mission to help build a better Internet. Cloudflare’s suite of products protect and accelerate any Internet application online without adding hardware, installing software, or changing a line of code. Internet properties powered by Cloudflare have all web traffic routed through its intelligent global network, which gets smarter with every request. As a result, they see significant improvement in performance and a decrease in spam and other attacks. Cloudflare was named to Entrepreneur Magazine’s Top Company Cultures 2018 list and ranked among the World’s Most Innovative Companies by Fast Company in 2019. Headquartered in San Francisco, CA, Cloudflare has offices in Austin, TX, Champaign, IL, Seattle, WA, New York, NY, San Jose, CA, Washington, D.C., Lisbon, London, Munich, Paris, Beijing, Singapore, Sydney, and Tokyo.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expect,” “explore,” “plan,” “anticipate,” “could,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “potential,” or “continue,” or the negative of these words, or other similar terms or expressions that concern Cloudflare’s expectations, strategy, plans, or intentions. However, not all forward-looking statements contain these identifying words. Forward-looking statements expressed or implied in this press release include, but are not limited to, statements regarding Cloudflare’s plans and objectives for its global network, its CDN, Cloudflare One, and other products and technology, the benefits to customers from using Cloudflare’s global network, its CDN, Cloudflare One, and Cloudflare’s other products and technology, the expected functionality and performance of Cloudflare’s global network, CDN, Cloudflare One, and Cloudflare’s other products and technology, Cloudflare’s technological development, future operations, growth, initiatives, or strategies, and comments made by Cloudflare’s CEO and others. Actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks detailed in Cloudflare’s filings with the Securities and Exchange Commission (SEC), including Cloudflare’s Annual Report on Form 10-K filed on March 1, 2022, as well as other filings that Cloudflare may make from time to time with the SEC.

The forward-looking statements made in this press release relate only to events as of the date on which the statements are made. Cloudflare undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law. Cloudflare may not actually achieve the plans, intentions, or expectations disclosed in its forward-looking statements, and you should not place undue reliance on Cloudflare’s forward-looking statements.

© 2021 Cloudflare, Inc. All rights reserved. Cloudflare, the Cloudflare logo, and other Cloudflare marks are trademarks and/or registered trademarks of Cloudflare, Inc. in the U.S. and other jurisdictions. All other marks and names referenced herein may be trademarks of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220315006230/en/

Cloudflare, Inc.

Daniella Vallurupalli

Vice President, Head of Global Communications

press@cloudflare.com

Source: Cloudflare, Inc.

FAQ

What position did Cloudflare achieve in the IDC MarketScape 2022 Vendor Assessment?

Cloudflare was recognized as a leader in the IDC MarketScape: Worldwide Commercial CDN 2022 Vendor Assessment.

How much has Cloudflare's network capacity increased?

Cloudflare's network capacity has doubled to 121Tbps over the last two years.

What products does Cloudflare offer related to Zero Trust security?

Cloudflare offers an extensive suite of Zero Trust security products through its Cloudflare One platform.

How many cities does Cloudflare's global network cover?

Cloudflare's global network spans over 250 cities.

How many networks is Cloudflare interconnected with?

Cloudflare interconnects with over 10,000 networks globally, including major ISPs and cloud services.