Snowflake
Snowflake Pricing
Snowflake offers tiered pricing models designed to suit diverse customer needs. The pricing varies based on contract ranges, the product tier chosen, and the employee headcount.
- Contract ranges for a headcount of 200 could range from $23,300 to $85,600
- A headcount above 1,001, the range is $193,400 to $534,700.
In terms of credits used:
- The Virtual Private Snowflake (VPS) prices per credit range from $6 to $9.30.
- The Enterprise tier offers a lower range from $2.20 to $4.30 per credit.
- The Standard tier prices are consistent at $276.
- The Business Critical range offers per credit cost from $4 to $6.20.
Credits for Snowflake are the basic unit of computation in Snowflake, and the cost per credit depends on the tier chosen by the customers.
It is also worth mentioning that pricing could be optimized by employing a third party Snowflake partner to tune queries for cost reduction or taking a hybrid approach by redistributing some Snowflake usage to affordable alternatives. Overages, if billed, could be negotiated with Snowflake to waive off against future credit purchases. Snowflake also provides discounts for longer-term contract commitments. To aid in this understanding, Snowflake offers a publicly available Consumption Table that provides detailed storage pricing by region. This can help users plan and control costs effectively.
Snowflake Negotiation Insights
When negotiating a contract with Snowflake, there are several key levers and commercial items that can be used to ensure you get the most value. Here's a glimpse into the Vendr platform insights which can be key during your negotiation.
Discount Levers
Snowflake operates on a credit-based system, which makes volume discounts a common discount lever. A higher commitment of credits over a longer contract term can often lead to sizable discounts. However, the pricing can also vary between Snowflake editions and features, so it's recommended to clearly define your usage requirements to avoid overspending.
Commercial Items
One key commercial item to keep in mind during negotiation is Snowflake's data storage costs in addition to its compute costs. Data storage is tiered and can have reduced prices at higher volumes. Given Snowflake's distinct separation between computing and storage, optimizing for long-term data storage can be a strategic cost-saving measure.
To access a full suite of negotiation insights for Snowflake including more discount levers and commercial items, sign up for a free forever Vendr account. Discover the intelligence available to take your negotiation strategies to the next level. Please note, there are dozens of negotiation insights available for Snowflake on the Vendr platform.
Community Insights for Snowflake
Gathering insights from the community can be incredibly valuable when considering a SaaS product like Snowflake. Here are the two most recent insights shared by our community members:
- "We weren't able to get a better capacity discount because we didn't have growth or were interested in a multi-year. We have a 6% capacity discount." - Community Insight was posted recently.
- "Snowflake is now providing storage discount for contracts > 1.2M ACV." - Community Insight was posted 1 month ago.
For those looking to dive deeper into the world of Snowflake, we encourage you to sign up for a free forever Vendr account. By joining, you'll unlock a treasure trove of insights, including the estimated time to implement Snowflake, what to expect for your renewal, and other discount levers that can be implemented if you're stuck during the negotiation process. Currently, there are numerous community insights available for Snowflake, each offering a unique perspective and valuable information. Don't miss out on this opportunity to enhance your procurement strategy with Vendr!
Snowflake Competitors
AWS
AWS provides comprehensive cloud solutions that are versatile and highly customizable. With a broad spectrum of services and tools, their cloud-based data warehouses pose significant competition to Snowflake. AWS customers over a certain amount of committed usage can also access the Amazon Enterprise Discount Program (EDP).
Check out our guide on AWS pricing for more info.
Databricks
Databricks offers a unified analytics platform that accelerates innovation by unifying big data and AI. It is widely used for big data processing and analytics, thereby playing a crucial role in the competitive landscape.
Check out our guide on Databricks pricing for more info.
Google, with its reputed Cloud platform, offers competitive data warehousing solutions. BigQuery, Google's serverless, highly scalable, and cost-efficient cloud data warehouse is a stalwart competitor in the tech industry.
Check out our guide on Google pricing for more info.
Microsoft
Microsoft’s Azure cloud platform provides robust data warehousing solutions. Azure Synapse Analytics, previously SQL Data Warehouse, combines big data and data warehousing into a single service, making it a formidable rival for Snowflake.
Check out our guide on Microsoft pricing for more info.
Snowflake Overview
Snowflake is a cloud-based data platform primarily used for data warehousing. It's robust nature lends itself well to organizations of any size, scaling with the needs of your business. This innovative platform reduces complexities typically seen in data warehousing infrastructure, giving your business the resources needed for easy, efficient data analysis.
Compliance and Security
Snowflake places a high priority on data security and compliance. As a part of its commitment to secure data handling, it is compliant with General Data Protection Regulation (GDPR) and Service Organization Control (SOC2). This means it has implemented systems and practices designed to safeguard your data.
Multifactor Authentication (MFA) and Single Sign-On (SSO) capabilities are in place to provide an additional layer of security, preventing unauthorized access and ensuring only those with the proper credentials are allowed access to sensitive data.
Snowflake also adheres to Personally Identifiable Information (PII) and Data Protection Act (DPA) regulations, assuring that your personal data is stored and handled in a legal and ethical manner.
FAQs About Snowflake Pricing and Plans
How can I estimate my Snowflake costs?
Estimating your Snowflake cost involves considering your expected usage volume, the tier of service you select, and the number of Snowflake credits you will consume. Utilize the Consumption Table on Snowflake's website to plan and estimate costs based on storage and computing needs. Remember, optimizing queries and considering a hybrid approach can also impact your overall cost.
What are Snowflake credits and how do they affect my billing?
Snowflake credits are the currency used within the Snowflake platform to measure the consumption of computing resources. Your billing is directly related to the number of credits consumed, which varies by the service tier you choose (e.g., Standard, Enterprise, or Virtual Private Snowflake). Managing your credit usage efficiently is key to optimizing your Snowflake cost.
How does Snowflake integrate with other cloud services?
Snowflake seamlessly integrates with a wide range of cloud services and platforms, enhancing its functionality and allowing users to leverage the best of cloud technology. This includes data sharing and interoperability with AWS, Google Cloud, and Microsoft Azure, offering a flexible and scalable ecosystem for your data warehousing and analytics needs.
What unique functionality does Snowflake offer compared to other data warehousing solutions?
Snowflake stands out with its ability to separate computing and storage, enabling users to scale each independently and pay only for what they use. This unique architecture supports a wide range of data workloads, including data engineering, data lakes, data applications, and data sharing, all within a single, managed platform. Additionally, Snowflake's support for multi-cloud environments enhances its functionality, allowing businesses to operate across different cloud services seamlessly.
Can Snowflake handle real-time data processing?
Absolutely. Snowflake's platform is designed to handle real-time data processing efficiently, enabling businesses to make timely decisions based on the latest information. Its robust architecture and scalable computing resources ensure that users can process and analyze data streams in real-time, enhancing operational insights and responsiveness.
How does Snowflake ensure data security and compliance?
Snowflake prioritizes data security and compliance with industry-leading practices, including support for GDPR and SOC2 regulations. It employs advanced security measures such as multifactor authentication (MFA) and single sign-on (SSO), alongside adhering to PII and DPA standards, ensuring that your data is secure and managed responsibly within the cloud.