Cloud Data Analytics Market Set to Soar: Snowflake vs Amazon

Snowflake (SNOW) and Amazon (AMZN) are major players in the cloud data and analytics space. Snowflake offers a pure-play cloud data warehousing and analytics platform, while Amazon provides solutions like Amazon Redshift and SageMaker for advanced data analytics and machine learning. Both companies are poised to benefit from the rapid growth of the global cloud analytics market, expected to reach $130.63 billion by 2030. Snowflake has reported strong adoption and usage of its platform, with 19% year-over-year growth in the number of customers and a net revenue retention rate of 125%. Amazon's AWS reported revenues of $30.9 billion, a 17.5% year-over-year increase, driven by strong demand for its cloud services. Both companies have significant upside potential, but Snowflake's expanding portfolio and Azure partnership may give it an edge.

Snowflake (SNOW) and Amazon (AMZN) are major players in the cloud data and analytics space, each offering distinct solutions that cater to the growing demand for advanced data management and analytics capabilities. Snowflake provides a pure-play cloud data warehousing and analytics platform, while Amazon, through its cloud computing platform, AWS, offers solutions such as Amazon Redshift and SageMaker, enabling advanced data analytics and machine learning capabilities.

The global cloud analytics market is projected to reach $130.63 billion by 2030, registering a CAGR of 25.5% from 2025 to 2030 Snowflake vs. Amazon: Which Cloud Data Stock Has an Edge Now?^[1]. Both Snowflake and Amazon are poised to benefit from this rapid growth pace.

Snowflake has shown strong adoption and usage of its platform. The company reported a 19% year-over-year growth in the number of customers, reaching 12,062 in the second quarter of fiscal 2026. The company also has 654 customers with trailing 12-month product revenues greater than $1 million and 751 Forbes Global 2000 customers. Snowflake’s expanding portfolio, which includes capabilities such as Snowflake Intelligence, Cortex AI SQL, and Gen2 warehouses, has been a significant growth driver Snowflake vs. Amazon: Which Cloud Data Stock Has an Edge Now?^[1].

Amazon, on the other hand, is expanding its footprint with Redshift, its fully managed, petabyte-scale cloud data warehouse service offered by Amazon Web Services (AWS). The growing adoption of AWS services, including Redshift, has contributed significantly to AWS’s financial performance. In the second quarter of 2025, AWS reported revenues of $30.9 billion, marking a 17.5% year-over-year increase Snowflake vs. Amazon: Which Cloud Data Stock Has an Edge Now?^[1].

Both companies have significant upside potential. However, Snowflake's expanding portfolio and Azure partnership may give it an edge. Snowflake's collaboration with OpenAI, Anthropic, and Microsoft Azure is expanding its reach and enhancing its AI capabilities. Azure was the fastest-growing cloud for Snowflake, with 40% year-over-year growth in the second quarter of fiscal 2026 Snowflake vs. Amazon: Which Cloud Data Stock Has an Edge Now?^[1].

Despite an expanding portfolio and clientele, Amazon's elevated operating expenses amid intensifying cloud competition remain headwinds. Snowflake and Amazon carry a Zacks Rank #3 (Hold) at present Snowflake vs. Amazon: Which Cloud Data Stock Has an Edge Now?^[1].