"Park said the market for software vendors addressing analytic data problems was in a “Cambrian explosion” phase. “As these shifts occur, it would not be surprising to see new vendors arise to take on both Databricks and Snowflake..."
Surprising? It'd be totally shocking mate. The market's crashed and the PE money fountain is over. Nobody is going to be seriously challenging Databricks or Snowflake on matters of scale or breadth. Databricks have closed over $3.5Bn in pre-IPO funding, Snowflake closed something like $2.1Bn then did their probably-never-to-be-matched IPO. Both of them are multiple years of development and cash burn away from their desired steady state in growth and feature terms. Nobody's raising the kind of capital today they'd need to compete with either one of them, let alone both of them *and* AWS, Azure and GCP all at the same time.
There will be an explosion of vendors running on those platforms or alongside them, but not competing with them. Not for a long time. Running cloud control planes and "serverless" infrastructure and building comprehensive data platform feature sets is just too expensive.