Fastly (NYSE: FSLY) and Cloudflare (NYSE: NET) both host content delivery networks (CDN), which accelerate the delivery of digital media to websites and apps by storing cached copies on "edge" servers. The global CDN market could grow at a compound annual growth rate (CAGR) of 26.8% between 2022 and 2026, according to Technavio, as the growing usage of cloud-based services, streaming media, and mobile apps drives more companies to store their content on edge networks. Revenue rose 21% year over year in the first quarter of 2022, but Fastly expects revenue to increase just 14%-17% to $405 million-$410 million for the full year.
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