Snowflake Focuses On Developer Community For Growth

According to a recent report, the global data warehouse as a service market is predicted to grow from $1.4 billion in 2019 to $23.8 billion by 2030 at a CAGR of 29% driven by increased digitization that is resulting in the creation of structured, semi-structured, and unstructured data in huge amounts. Businesses realize the importance of leveraging this data to derive useful insights to make better decisions and are investing heavily in storing, managing, and analyzing big data. San Mateo-based Snowflake is a leading data warehouse solution provider that went public in September last year.

Snowflake’s Financials

Snowflake was founded in 2012 by Benoit Dageville, Thierry Cruanes, and Marcin Zukowski. It provides “data warehouse-as-a-service” (DWaaS) to enable enterprise users to store and analyze data. It’s patented new architecture is the centerpiece for data pipelines, data warehousing, data lakes, and data application development, and is used for building data exchanges to easily and securely share governed data. Snowflake is also a powerful query processing back-end platform for developers creating modern data-driven applications.

The Snowflake Cloud Data Platform provides a SaaS-delivered DWaaS built for the cloud. By providing capabilities such as data sharing, data lake, data replication, and custom development capabilities, it also serves as a data PaaS. It delivers PaaS-like functionality and the built-in data warehouse design flexibility developers need to power applications for BI, AI, machine learning, IoT, and more.

It also offers a Snowflake Data Marketplace that gives data scientists, business intelligence, and analytics professionals access to over 375 live and ready-to-query data sets from more than 125 third-party data providers and data service providers. The marketplace helps reduce the costs and effort associated with the traditional processes of data ingestion and transformation. It data services insurance, retail, life sciences, media & entertainment industries, and the public sector.

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Disclosure: All investors should make their own assessments based on their own research, informed interpretations and risk appetite. This article expresses my own opinions based on my own ...

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