Backup of cloud data (as opposed to backup of data to the cloud) is a major trend as more corporate workloads and data move there. Veeam’s 2018 earnings reflect this trend.
On February 13, Veeam reported on 2018 earnings. It was a good year for Veeam with 16% year-over-year growth and 48,000 new customers added. Of particular note was strong growth of its cloud business.
We call it the cloud pole vault. Companies that have a presence on premises seek to get established in the cloud. So when you build and cross that bridge from on premises to cloud, the familiar vendor is already there to meet you. Veeam’s cloud vault is starting to pay off.
Pole Vaulting the Chasm: Backup Software’s New Cloud Race
Enterprise Backup and Availability Market Trends and Buyer’s Guide