Snowflake SNOW and MongoDB MDB are well-known cloud-native data platform providers that help enterprises manage and analyze massive data workloads in modern cloud environments. While Snowflake is rapidly growing its presence in enterprise data warehousing and analytics, MongoDB remains a top choice for flexible, developer-friendly database solutions.
Per Mordor Intelligence report, the database market is projected to be valued at $150.38 billion in 2025 and is anticipated to grow to $292.22 billion by 2030, witnessing a CAGR of 14.21% over the forecast period from 2025 to 2030. Both Snowflake and MongoDB are likely to gain from the massive growth opportunity highlighted by the growth pace.
Snowflake or MongoDB—Which of these data platform stocks have the greatest upside potential? Let’s find out.
The Case of SNOW Stock
SNOW is benefiting from strong adoption and increasing usage of its platform, as reflected by a net revenue retention rate of 126% as of Jan. 31, 2025. The number of customers that contributed more than $1 million in the trailing 12-month product revenue increased from 455 to 580 as of Jan. 31, 2024 and 2025, respectively.
Products like Apache Iceberg and Hybrid tables, Polaris, Cortex Large Language Model and ML functions are helping Snowflake win new clients. Features, including interoperability and data transformation, have been gaining traction among clients.
In April 2025, Snowflake enhanced its AI Data Cloud by integrating core capabilities with Apache Iceberg tables. This enabled seamless open lakehouse strategies, improved query performance, comprehensive security, and data sharing while advancing open-source contributions.
Snowflake’s investments in artificial intelligence (AI) and machine learning, including the introduction of Cortex AI and its integration with models from OpenAI and Anthropic, drove customer engagement. More than 4,000 customers are using Snowflake’s AI and ML technology weekly.
SNOW also benefits from a strong partner base that includes major players like Amazon, ServiceNow, Microsoft, NVIDIA, Fiserv, EY, LTMindtree, Next Pathway and S&P Global.
Read the full article here: https://finance.yahoo.com/news/snowflake-vs-mongodb-data-platform-190100116.html
