Cloud is becoming more and more of a commodity as it grows. The projected growth rates do not take into account that prices keep falling in tech services as competition emerges. Google Cloud has been pushing prices down. Big Query from Google and RedShift from AWS are direct competitors to Snowflake. Is there really a great business model in competing head to head against those titans, who can afford to lower prices and steal market share?
There is a shift going on toward Jamstack tech, which is react/vue frontends and graphql backends. Other providers are cropping up to service these tech needs and Snowflake is SQL based, so you have to build a federated schema to use SQL with Snowflake.
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