After reading all of the discussion on Mongo, here is a summary.
Amazon releases a competing product to MongoDB, based on version 3.6, which is 2 years old, targeting MDB customers.
Implications
-
MDB just got a new big time competitor (negative)
-
MDB has a 2 years of innovation lead (positive)
-
MDB should be able to out innovate AWS going forward, since this is all they do (positive)
-
customers most likely won’t want lock in with Amazon (AWS) (positive)
-
AWS is pushing the boundary of open source, most likely making developers mad and avoiding documentdb (positive)
-
Amazon has no risk of losing current customers since this is a new product, MDB does (negative)
-
MDB has a presentation next week on 1/15, TBD if they address Amazon as a competitor
-
Amazon just acknowledged MDB as the leader in the market (positive)
Overall, the risks appear to be low, but MDB is now a riskier company as an investment.
How and when do we know how this affects MDB?
-
Revenue numbers, can they maintain their growth rate.
-
Atlas revenue
-
customer count
How soon we see the affects of Amazon as a competitor, if there is any, I don’t know. My guess is could take up to a year.
Jim