Why is MongoDB worth 1.2 billion dollars?

If the document database startup company Http://www.aliyun.com/zixun/aggregation/13461.html ">mongodb needs to thank some people for the huge valuations they have recently reaped, then Oracle's CEO Larry Ellison will be ranked first in the list.

MongoDB document database behind the company 10Gen recently renamed the company name to MongoDB, and received 231 million U.S. dollars of financing. The company has therefore become the first open source enterprise worth more than 1 billion dollars. The open source NoSQL database start-up company's assets are valued at $1.2 billion trillion.

MongoDB was founded in 2007 and it took only six years for them to achieve today's achievement, and Red Hat (RedHat, founded in 1993) took 20 years to achieve this achievement. Who is MongoDB's success? The answer is Oracle! Oracle is MongoDB's "noble". Oracle occupies the largest share of the 30 billion dollar database market. 2011, Oracle's relational database license revenue reached 16.75 billion dollars. According to Gartner, a research institute, Oracle accounts for 48.3% of the market and is a worthy database magnate.

Huge Red Heritage

Oracle has many advantages and a large and reliable customer base. Many enterprise internal IT applications are written using Oracle's memory programming language Plsql. However, Oracle is not fundamentally different from the database we learned in the 90 's for Hp/ux Pa-risc hosts. In fact, they have not changed much since the late 80. This heritage can be said to be good and bad coexistence. Oracle database requires a large number of hardware and operations personnel to maintain its operation. When the size of hundreds or thousands of bytes, or the number of users reached millions of, its operational costs are not the average enterprise can afford.

To expand on this scale, Oracle needs to tweak the underlying software architecture. Oracle is currently trying to apply other technologies to relational databases to address this problem. Such extensions also require a completely different license model. It is difficult to achieve results without radically changing the existing market.

Oracle, meanwhile, is a strong acquirer of the database market. They first acquired a portion of MySQL, including the InnoDB storage engine, and then sun. These are just a few of the many mergers and acquisitions that Oracle has launched. In competition with rivals such as IBM and Microsoft, mergers and acquisitions have undoubtedly brought many advantages to Oracle. But in the integration of new technologies, the takeover also poses many problems for Oracle.

The destructive power of NoSQL

The history of technology industry is a history of destruction. Microsoft defeated Novell in the 90, and Apple is continuing to disrupt Microsoft. You need a strong and not easily shaken dinosaur, and the dinosaur will be able to adapt well to their environment. However, this can cause you to be unable to change their technology or cost structure to quickly apply them to new markets. Successful competitors are adept at exploiting opponents ' weaknesses to attack them, while at the same time being able to thrive in a new technological environment. Competitors are a factor in promoting change, not a force that inhibits the development of technology and the business environment.

MongoDB is such a technology, the advantage of MongoDB is not only lower cost than Oracle database, while adding nodes to MongoDB cluster is more convenient than Oracle database. These advantages are ideal for virtual networks, storage, and cloud technologies. On the contrary, Oracle needs to assemble, configure, and integrate a variety of complex technologies (such as RAC, Datagaurd, goldengate, etc.), as well as a large number of hardware devices that require licensing and professional service costs.

What impresses us is not just mongodb ease-of-use and strong adaptability, but it can easily be extended to many of the tasks we previously thought impossible. The cost of using MANGODB is very low compared to the cost of Oracle database.

One of our biggest concerns is that MongoDB is a start-up company that will not be merged by companies such as Oracle or CA technologies. More than 1 billion dollars in valuations, and 231 million of billions of dollars in financing, in fact, have let us allay that concern. Even if MongoDB are merged, they will be acquired by companies that really value them. More likely, however, is that MongoDB will target the IPO (initial public offering).

MySQL is easier to use, maintain, and install than Oracle databases, but that doesn't mean they have better performance. Usually, only 10 times times more than the promotion to defeat a strong competitor. Although MySQL is an easy-to-use and inexpensive relational database, it has a poor overall performance. By contrast, MongoDB has improved performance by up to 10 times times in many scenarios. Although it is not the best option at the moment, it has the potential to be the best choice in the long run.