"...Though MongoDB's trailing 12-month revenue is only $463 million, it's a company that seems set to disrupt the very large and profitable enterprise database market.
IDC estimates the database market to reach $71 billion in 2020, and growing at an 11% compound growth rate through 2023 to $97 billion. That's a really high growth rate for a large and relatively mature market. However, new enterprise applications such as AI, e-commerce, big data, 5G, and the Internet of Things will create exponentially higher amounts of data over the next decade and beyond, and all of that data needs to be stored, organized, and easily accessed.
Why is MongoDB set to take more market share in the database market? Mainly because it has emerged as the outright leader in a new kind of database architecture called a document database. Traditional relational databases store information in a row-and-column format that provides lots of efficiency, but not a lot of flexibility. Much of today's data is semi-structured or unstructured, consisting of things like social media posts, pictures, and other elements that don't necessarily fit into a rigid format. MongoDB's document platform is much more flexible to suit this type of data, but can also work with traditional types of data too. It can also be run on-premises, in the cloud via MongoDB's Atlas as-a-service offering, or on hybrid clouds. This enables today's developers more freedom and ease to innovate, which can be enormously valuable in this fast-paced digital world.
MongoDB's solution has even warded off a copycat threat from Amazon.com (NASDAQ:AMZN), and judging from its impressive recent results, MongoDB seems poised to continue taking market share and growing well into the 2020s and beyond."
https://www.fool.com/investing/2020/06/23/...-over-the-next-deca.aspx
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