Intense Competition Pressure: The database market is highly competitive, with numerous established players and emerging technologies constantly vying for market share, potentially limiting MongoDB's growth and pricing power.

Reliance on Cloud Providers: A significant portion of MongoDB's revenue comes from Atlas, which runs on major cloud infrastructure (AWS, Azure, GCP). Changes in cloud provider terms, pricing, or the introduction of competing services by these providers could negatively impact MongoDB's business.

Monetization of Open-Source Model Challenges: Balancing the growth of its open-source community with the need to monetize its commercial products (Atlas, Enterprise Advanced) is critical. Users might opt for self-managed open-source versions, impacting subscription revenue.