Moat Index
Companies· Software

SnowflakeSNOW

Moat score

A data warehouse built on data gravity, now watching open formats and its own cloud landlords erode it.

MOATE2.5Solid
2.5 Solid
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DimensionMOATECommunity
Switching costsweight 15Data gravity is real, but Iceberg and cross-cloud tooling are lowering the cost of leaving.7
Network effectsweight 15Data sharing and the marketplace create a genuine, if modest, network effect.5
Scale & cost advantageweight 12Mid-size; the hyperscalers it runs on are far larger.5
Brand & pricing powerweight 12A strong enterprise brand; pricing pressure from consumption-based rivals.6
Cornered resourceweight 12Little that is unique once table formats are open.4
Distribution controlweight 12Sold through cloud marketplaces on infrastructure it does not own.5
Disruption resilienceweight 12Databricks and hyperscaler-native warehouses attack from both sides.4
Independenceweight 10Runs entirely on the three clouds that compete with it.3

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How strong is Snowflake's moat?

Question 1 of 8

Switching costs

Switching costs · weight 15

How painful — in money, time, risk, retraining — is it for a customer to leave?

5