Amazon could be in trouble as a new rival has come forth. Snowflake Incorporated, the California-based company found in 2012, has taken the lead in the market area dominated by Amazon.com Incorporated, the top provider of public cloud storage and services.
$SNOW: Pioneering the Data Cloud
Snowflake Inc. (NYSE: SNOW) helps companies consolidate data in order to drive meaningful business insights, build data-driven applications, and share data.
Its growth rates and metrics would even impress $ZM shareholders
A thread pic.twitter.com/obI15qVGvi — Christopher Seifel (@SeifelCapital) September 1, 2020
"It's a rapidly evolving competitive landscape," said Zane Chrane, Sanford C. Berstein's analyst.
"AWS Redshift probably has the largest cloud data warehouse, with the most customers and revenue, but it's the oldest," added the analyst.
Chrane also said that the new software is one of the most disruptive new vendors in the Cloud storage and services in the last few years. Snowflake also competes against Alphabet Incorporated's Google Cloud Platform and Microsoft Corp.
Chrane also said that the new software is one of the most disruptive new vendors in the Cloud storage and services in the last few years. Snowflake also competes against Alphabet Incorporated's Google Cloud Platform and Microsoft Corp.
Mandeep Singh, Bloomberg Intelligence's analyst, said that Wall Street is confident to partially value the company since Frank Slootman richly, Snowflake's CEO, could adequately handle a $70 billion market.
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Written by: Giuliano de Leon.
