In Neo4j CEO Emil Eifrem’s mind, the database industry is split into two camps: systems that deal with historical data and those that support real-time processing.
Neo4j would be in the latter category. It’s a subsector that Eifrem said is dominated by six players: Microsoft, Google Cloud, AWS, Redis Labs, MongoDB and, of course, Neo4j. But Eifrem is betting that owning just a sliver of the booming market will be lucrative.
“The database market is the single biggest one in all of enterprise software. It’s about $50 billion today. But it’s going to be $100 billion” in just a few years, he told Protocol. “If you are the leader of one of these big, new segments, those are massive categories. They’re way bigger than what the relational database was, for example, in the late ’80s, early ’90s.”
In an interview with Protocol, Eifrem talked about why he thinks the split within the market will grow more pronounced and why enterprises are increasingly picking databases tailored to specific end applications.