Snowflake Inc. number of customers FY 2024 | Statista (2024)

FAQs

Snowflake Inc. number of customers FY 2024 | Statista? ›

As of the fourth quarter in its 2024 fiscal year, the cloud computing firm Snowflake had 461 customers contributing over one million U.S. dollars in product revenue. At that same time, the firm had 8,537 customers in total.

Adobe, Albertsons Companies, AT&T, Be The Match, Capital One, Deliveroo, Doordash, HP, Instacart, JetBlue, Kraft Heinz, Mastercard, McKesson, Micron, NBC Universal, Nielsen, Novartis, Okta, PepsiCo, Pitney Bowes, Siemens, University of Notre Dame, US Foods, Western Union, Yamaha, and many more.

Top Competitors and Alternatives of Snowflake

The top three of Snowflake's competitors in the Data Warehousing category are Amazon Redshift with 16.99%, Google BigQuery with 13.27%, SAP Business Warehouse with 12.52% market share.

Snowflake has a market share of 18.33% in the current industry because of its disruptive architecture for data storage, analysis, processing, and sharing.

The cloud computing firm Snowflake reported over 9.4 thousand customers as of January 31, 2024.

Snowflake started as an AWS customer and competitor.

No-Headquarters/BOZEMAN, Mont. --(BUSINESS WIRE)-- Snowflake (NYSE: SNOW), the Data Cloud company, today announced that it was awarded the number one spot on the 2023 Fortune Future 50 list.

Snowflake is one of the most intriguing cloud computing companies, especially now that it's doing more with AI. The company is growing quickly, and it continues to attract big-spending customers.

companies chose Snowflake's cloud-built data warehouse. Customers reduced query times from hours to seconds; pushed their cloud data warehouse to all business users; accessed all of their structured and semi-structured data; and do so quickly and more affordably than other data analytics platform.

Salesforce placed a $250 million bet on Snowflake at the time of the software company's IPO in 2020. Salesforce sold most of its stake in 2021, but held onto about 5% of its holdings. As of the end of the first quarter, Salesforce owned no Snowflake shares, according to a filing, selling the rest as the market plunged.

Who is the largest investor in Snowflake? ›

Vanguard owns the most shares of Snowflake (SNOW). The ownership structure can impact the company's decision making, as large institutional investors may exert influence on the company's management and can also affect the company's stock price with their buying and selling patterns.

We're often asked to compare Databricks vs. Snowflake, but these two platforms were borne to serve different functions and coexisted as a great pairing to address different needs. Over time, we've seen more overlap in features to the extent they now often compete to be the center of gravity for your data universe.

Snowflake spans the globe

We're a globally-distributed enterprise, with more than 6,780 employees working in over 40 offices worldwide (as of October 2023).

They have built a robust product that is used by nearly 30% of the Fortune 500, including Adobe, BlackRock, Instacart, Lime, Rakuten, Twilio, and many others. Snowflake has attracted the attention of famous names such as Warren Buffett and Cathie Wood, which probably explains the huge hype around this stock.

It has run on Amazon Web Services since 2014, on Microsoft Azure since 2018 and on the Google Cloud Platform since 2019. The company was ranked first on the Forbes Cloud 100 in 2019. The company's initial public offering raised $3.4 billion in September 2020, one of the largest software IPOs in history.

Snowflake's architectural simplicity improves ease of use. Snowflake is a fully self-managed system, which means that it automatically handles storage capacity, compression, statistics and performance. Built-in automation eliminates the need for customers to build indexes or do housekeeping.

Vanguard owns the most shares of Snowflake (SNOW).

What Percentage of Fortune 500 Companies using AWS? An impressive 90 percent of Fortune 500 Companies using AWS to drive their digital transformation. This statistic highlights AWS's dominant position in serving the technology needs of some of the largest and most influential companies globally.