Veeam Still Running Strong in the Enterprise and Cloud Backup Markets
With 26% year-over-year reported growth and over $1 billion in annual revenue, Veeam is demonstrating that its recent growth is not just a blip. The company’s Veeam Backup for Microsoft Office 365 continues to lead its portfolio with a 270% increase. That strength extends to Veeam’s major partners as well, with HPE, Cisco, NetApp, and Lenovo reporting 370% year-over-year transaction growth.
Source: Veeam at SoftwareReviews, Report Published July 2019
Source: SoftwareReviews Enterprise Backup and Availability, Report Published July 2019
Our Take
When looking for a provider for data protection, it is imperative that the health of that partner is considered. With numbers like the ones reported by Veeam, it is demonstrating its commitment to customers through relevant initiatives and a focus on future trends. Veeam’s cloud adoption and data protection offerings are still growing in capabilities and the company has announced it will continue to invest in this area.
Gone are the days when backing up your data meant making a copy to tape or disk at your leisure. Today’s businesses place new – and significantly more stringent – demands on backing up important data wherever it resides: in the cloud, on-premises, even within the infrastructure of software as a solution (SaaS) providers. Software manufacturers need to address these demands to stay pertinent to the needs of their broader clientele.
This does not seem to have been lost on Veeam.