{"id":3643,"date":"2020-05-16T13:44:49","date_gmt":"2020-05-16T09:44:49","guid":{"rendered":"https:\/\/techxmedia.com\/?p=3643"},"modified":"2025-04-18T00:04:19","modified_gmt":"2025-04-17T20:04:19","slug":"veeam-reports-continued-annual-growth-market-share-gains","status":"publish","type":"post","link":"https:\/\/techxmedia.com\/en\/veeam-reports-continued-annual-growth-market-share-gains\/","title":{"rendered":"Veeam reports continued annual growth and market share gains"},"content":{"rendered":"\n

Veeam\u00ae Software<\/a> announced an annual recurring revenue (ARR) increase of 21 percent year-over-year (YoY) for Q1\u201920. Now with more than 375,000 customers, Veeam is experiencing major success in market adoption of its unique subscription offerings, including Veeam Universal License (VUL), reporting 97 percent YoY increase in bookings.<\/p>\n\n\n\n

\u201cVeeam has historically led the market with innovation and ease of use, and we are already extending that into 2020 with a successful release in the history of the company (Veeam Availability Suite\u2122 v10), additional new product releases, company growth and hiring momentum,\u201d said Bill Largent, Chief Executive Officer (CEO) at Veeam. \u201cHowever, the first few months of the year have been unusual to say the least for all of us. We are having to conduct business in a different way, ensuring that the Veeam community \u2013 employees, partners and customers \u2013 stay safe during this period. I\u2019m very proud of our 4,300 employees as we have continued to grow during this challenging time while not missing a beat on customer support. This not only validates the need for business continuity and data protection, but also validates strong demand for Veeam\u2019s solution.\u201d<\/p>\n\n\n\n

Veeam recently launched a solution for complete data management and protection for hybrid-cloud environments \u2013 \u00a0Veeam Availability Suite v10<\/a>. With more than 150 new features and enhancements \u2013 including modern NAS support, Multi-VM Instant Recovery and heightened ransomware protection \u2013 unique downloads of v10 have already exceeded 175,000 in just two months since general availability.\u00a0<\/p>\n\n\n\n

\u201cIn addition to v10, Veeam Backup for Amazon Web Services (AWS)<\/em><\/a>, Veeam Backup for Microsoft Azure<\/em><\/a>, and Veeam Backup for Microsoft Office 365<\/em><\/a> will definitely continue to fuel our growth,\u201d added Danny Allan, Chief Technology Officer (CTO) and Senior Vice President (SVP) of Product Strategy at Veeam. \u201cI could not be more excited or confident in our current position to continue to gain market share and strengthen our enterprise footprint with additional product launches. Our recent distinctions from top industry analysts are further driving this market-leading momentum within the Cloud Data Management space.\u201d<\/p>\n\n\n\n

“The data replication and protection market remains highly dynamic with growth being driven by hybrid cloud deployments and more complex workloads. By supporting AWS and Microsoft Office 365 backup\/recovery, Veeam continues to deliver impressive growth in these key areas,\u201d said Phil Goodwin, Research Director at IDC. “Veeam has fueled its growth by moving agilely into new market segments and has further opportunities to do so in 2020.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Veeam recently launched a solution for complete data management and protection for hybrid-cloud environments \u2013 Veeam Availability Suite v10. With more than 150 new features and enhancements \u2013 including modern NAS support, Multi-VM Instant Recovery and heightened ransomware protection.<\/p>\n","protected":false},"author":8,"featured_media":584,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[154,9716],"tags":[1160,1462,667,394,694],"contributor":[],"class_list":["post-3643","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cloud-computing","category-global-brands","tag-data_management","tag-growth","tag-hybrid_cloud","tag-revenue","tag-veeam_software"],"featured_image_src":"https:\/\/techxmedia.com\/en\/wp-content\/uploads\/2020\/01\/Veeam-PR-Image-e1583234437132.jpg","author_info":{"display_name":"Rabab","author_link":"https:\/\/techxmedia.com\/en\/author\/rabab\/"},"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t