Veeam breaks the record in 2021 with 27% growth

Veeam® Software reported another quarter of double-digit growth, with annual recurring revenue (ARR) up 27% year over year (YoY), making 2021 the company’s most successful year ever. Not only did Veeam break revenue records in 2021, but it also finished the year as the world’s #2 data protection vendor, ranked as a Leader in the 2021 Magic Quadrant for Enterprise Backup and Recovery Solutions for the fifth consecutive year, saw its Microsoft Office 365 business grow faster than expected with 73 percent YoY growth, and achieved over 36 percent YoY growth of Veeam Availability Suite.

“IDC expects the total Data Protection as a Service (DPaaS) market to reach $18.4 billion in spending by 2025,” said Anand Eswaran, CEOat Veeam.

He added, “Given the current global landscape and the fact that businesses now have more data than ever to protect—from ransomware and cyberattacks, compliance and new regulations, and the complexities of remote working environments — I believe that the market opportunity is even larger than what is being predicted. Veeam is outpacing the overall market maturation, growing at a much more rapid rate, and is firmly at the epicenter of the data ecosystem. This is a testament to our employees and company culture, the pace of development and innovation, and our collaboration with partners to deliver solutions that exceed customer expectations and build trust.”

“2021 has been an incredible year for Veeam, its business and industry leadership. Having the EMEA region closing 2021 with 28% double-digit ARR growth year-on-year is a phenomenal achievement. I couldn´t be prouder of the EMEA team that went above and beyond supporting customers while developing even closer relationships with our remarkable and much valued ProPartner Network,” said Daniel Fried, General Manager (GM) and Senior Vice President (SVP) of EMEA and Worldwide Channels at Veeam.

He added, “In 2022, we´ll continue accelerating our growth trajectory with incremental focus on the enterprise segment while ensuring a smooth transition for all customers from perpetual licenses to subscription, offering on-premises solutions or Veeam-powered cloud services.”

2021 Highlights

• Veeam moved more than 500PB (0.5 EX) of data to public cloud storage in 2021, which accounts for 135% growth YoY. Veeam’s single platform for Modern Data Protection —simple, flexible, reliable and powerful — continues to be the industry standard and provides the highest level of value to customers.
• Released as the most advanced data protection solution for cloud, virtual, physical, NAS and enterprise applications, V11 now enables organizations to accelerate cloud adoption of Amazon Web Services (AWS), Azure and Google by ensuring data is reliably secured, protected and managed from a single console.
• reported 73%ARR growth YoY for 2021. The #1 backup and recovery solution for Microsoft 365 enables users to securely backup to any location, including onpremises, in a hyperscale cloud or with a service provider.With 8.5 million users now relying on Veeam to protect their Office 365 data, V6 will be released in early 2022.

• customers with fast, reliable recovery options from cyberattacks, with various immutable storage options on premises and in the cloud.  

• Veeam counts 81% of the Fortune 500 and 70% of the Global 2000 as customers. New Q4 advocates include: Johnson Matthey, Telefónica Uruguay, TUI Group, Yamaha Brazil, Anglicare Southern Queensland, BIOCAD, Brunel International N. V, Calan and Associés Sp. z.o.o., City of Victoria, Clough Group, Franprix, Kern County, Lancaster University, Leumit Health Services, Lindsay Australia, PKO Ubezpieczenia and Transdev.

Supporting Quotes

“Due to the amazing growth trajectory of Veeam, the company provided laser focus on further enhancing our internal cybersecurity capabilities, with an emphasis on our cyber resiliency and enriching the security-first mindset that our customers have come to expect from us. Our ISO-certified Information Security Management System (ISMS) was enriched with a user-centric security engagement model, proactive threat intelligence and further engagement with the external information security community.” — Gil Vega, CISO, Veeam

“Customer demand for solutions that provide protection and backup of data regardless of where its hosted, whether core, cloud or edge has been increasing as application deployments also increase. During 2021, Veeam sought to respond to this demand by enhancing its Microsoft Office 365 backup, Veeam Backup & Replication v11 and v11a products. The company was able to increase its share of the data replication and protection software market in 1H 2021, taking the top market share position in EMEA and LATAM and number two globally, according to our 1H21storage software tracker. Veeam is also looking to expand its data protection in SaaS applications with its upcoming support for SalesForce.com data.” — Phil Goodwin, Research Vice President, IDC

“Before we began our digital transformation, we chose Veeam to support new business demands related to hybrid-cloud computing, privacy and security. Veeam is very important to us, and we appreciate that it’s always evolving.” — Fernando Rostock, IT Executive Manager, Yamaha Brazil

“At Clough Group, we like that Veeam is very agile, and we can choose any endpoint or environment we want. Even if we decide to switch cloud providers like Azure, AWS or Google, we can restore our backups to any environment, whether virtual or physical. Without being restricted to a specific product or environment, our disaster recovery plan is now more robust.” — Hussain Munir, Security Manager, Clough Group

“Our goal was to consolidate data protection into one unified environment to protect the integrity of our government, and we achieved that goal with Veeam. It’s a good feeling knowing Veeam is our last line of defense in a disaster situation because it’s not a matter of whether a disaster will occur; it’s a matter of when.” — Mac Avancena, Chief Information Technology Officer, Kern County

“Ransomware is a constant battle, but Veeam gives us confidence we can protect data, so faculty and staff have uninterrupted access to the resources they need.” — Matthew Storey, Systems Technical Coordinator, Lancaster University

“Thanks to Veeam, we can now respond to a major event such as a ransomware attack by restoring data fast, which provides a huge boost to our service continuity. High availability is one of the biggest promises that we make to our customers — and with Veeam, we can deliver.” — Jose Acuña, IT Operations Manager, Telefónica Uruguay