Market Share of In Memory Data Grid Industry
The In-Memory Data Grid market is fragmented consisting of various vendors such as GridGain, Hazelcast, Software AG, Oracle Corporation, GigaSpaces Technologies Inc., and others. Vendors are deploying several organic and inorganic growth strategies, such as partnerships and collaborations, new product launches, and mergers and acquisitions, to strengthen their presence and compete in the market.
In March 2022, Hazelcast launched an open-source lightweight in-memory stream processing engine InApps technology, to enable processing in near real-time for data-intensive applications such as smart home sensors, in-store e-commerce systems, social media platforms, log analysis, monitoring, and fraud detection. The company also released version 3.8 of Hazelcast IMDG, which includes advanced capabilities for managing persistence and multi-data center deployments.
In March 2022, Hazelcast added more SQL streaming data capabilities and tiering to its in-memory data grid software so that real-time and older information can be queried simultaneously. The company basically stores a load of data in memory so it can be accessed, processed, and analyzed much faster than by sequentially reading it from SSDs or disk drives.
In Memory Data Grid Market Leaders
Hazelcast Inc.
IBM Corporation
GridGain Systems Inc.
TIBCO Software Inc.
Oracle Corporation
*Disclaimer: Major Players sorted in no particular order
