The Cloudflare cloud platform may become more in demand in a recession

Cloudflare Inc. (NET), a provider of cloud services, offers solutions that will allow customers to save significant funds in conditions of economic uncertainty can become an essential competitive advantage for the company in a likely recession. Cloudflare solutions are a means for optimizing data transfer in the cloud. They help speed up access to resources, further protect data, provide more economical spending and reduce bills for using cloud services. The company has recently introduced several solutions to help its platform become more competitive. 

Now Cloudflare is inferior to AWS or Azure cloud platforms, but for developers who do not want to manage the infrastructure, Cloudflare becomes the best option with each new product added to the forum. The recently introduced D1 and Pub/Sub solutions will allow the company to become a cloud giant that will eventually be able to compete with AWS. Cloudflare also offers a free version of its software, but the company receives its primary income from selling services. At the same time, about 60% of revenue comes from large customers who spend at least $100,000 a year. 

As a rule, such customers change service providers less often. They are more loyal, especially in economic uncertainty conditions, when Cloudflare observes an increased outflow of medium-sized customers with pay-as-you-go. At the same time, large companies continue to look for ways to optimize costs because Cloudflare solutions are likely to remain in demand. In the second quarter, Cloudflare attracted 212 new large customers to its platform.