FinTech Magazine - November 2021 | Page 89

SINGLESTORE
SingleStore provides real-time parallel ingestion from Kafka , Spark and other distributed data sources with simultaneous interactive speeds for BI tools like
Looker and Tableau . ride-share example this would include weather , traffic congestion and information about the customer .
“ Only when all the factors needed to supply a service are taken into account – from the way you analyse data – can you activate the supply chain . This level of detail – in real time – and the analysis behind it – is just not possible in anything but a modern database such as SingleStore .”
Disruption is a force of good Verma argues that the database market is now growing at around seventeen percent ( 17 %) a year and it is currently worth between $ 100- $ 125bn .
“ Per annum it creates a $ 20bn new market , so it ' s probably the biggest enterprise space in software and technology or any other business . So I think there is room for a few more disruptors in this market .
MongoDB disrupted it , Snowflake disrupted it and I do believe that there is a bigger disruption to come , meaning the database market will contribute to valuations that will probably result in between two and a two and a half trillion-dollars of cumulative market cap .”
And if that happens Verma predicts there will be between five to ten eventual winners . Which , of course , SingleStore will be one . “ So ,’ he says . ‘ It ’ s an exciting market .”
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