Hazelcast

Profile Information

Conference

DEMO Spring 2012

Market Segment

Cloud Technologies

Funding Amount

Funding Round

Funding Details

Competitors

Oracle Coherence, Terracotta, Gigaspaces

Product Description

Hazelcast is a simple to use, light weight, open source In-Memory Data Grid product. It is used by developers to build highly scalable, cloud-ready applications. Hazelcast is used: 1. As a primary data store for low-latency, high performance applications. 2. In real-time big-data analyses. 3. By new and established applications that are trying to take advantage of cloud architectures and more.

Market Opportunity

Hazelcast is used by finance, telecom, gaming, e-commerce applications that target scalability and performance. Gartner estimates that by 2014 at least 40% of large organizations will deploy an IMDG product with the market reaching to $1 billion. Hazelcast is also used for real time in-memory Big-Data analytics. And the big-data market is expected to be $50 billion by 2015.

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