The market for cloud computing platforms, particularly enterprise grade products, is highly fragmented, competitive, and constantly evolving. With the introduction of new technologies and market entrants, we expect that the competitive environment in which we compete will remain intense going forward. Legacy CDNs, such as Akamai, Limelight, EdgeCast (part of Verizon Digital Media), Level3, and Imperva, and small business-focused CDNs, such as Cloudflare, InStart, StackPath, and Section.io, offer products that compete with ours.
That's an interesting statement. Supposedly, 10% of web requests on the internet route through Cloudflare. And I imagine their free tier has plenty of non-business use.
It should have been the ugly but correct “small-business-focused CDN”. If they didn’t want to double hyphenate then “small-business focused” would have been read properly by everyone. But you definitely parsed their “small[,] business-focused” correctly :).