- The specialist said hyperscalers “improving capabilities […] for their own platforms and products” is “absolutely” the number one threat to Snowflake and Databricks over the next 3-5 years. We were told to monitor the percentage of workloads, which they said could shift away from Snowflake and Databricks.
- Large enterprises will be unlikely to standardise with just one vendor when choosing between Snowflake and Databricks, according to the specialist. We heard this is so large enterprises are not beholden to one vendor. They told us large customers would rather “divide and conquer”.
“I think Snowflake is definitely under threat from companies like Starburst, Dremio, Ahana [and] DataLakeHouse.io.”
- As Snowflake and Databricks continue to scale, hyperscale products are maturing and Google Cloud Platform is investing significantly into BigQuery, we were told. “BigQuery is becoming a very popular data warehousing, data lake tool. At least in healthcare,” the specialist added.
- The specialist said competitive dynamics are heating up and Snowflake and Databricks could face heightened pressure over the next 3-5 years.
For more human insights on Snowflake, Databricks and hyperscalers, click on the transcripts below.
The information used in compiling this document has been obtained by Third Bridge from experts participating in Forum Interviews. Third Bridge does not warrant the accuracy of the information and has not independently verified it. It should not be regarded as a trade recommendation or form the basis of any investment decision.
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