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Veeam extends #1 market share and is the fastest growing top 5 vendor year-over-year in data replication and protection software worldwide in 2H23

Veeam named #1 in data replication & protection, launches new cloud service with enhanced ransomware recovery capabilities

Veeamย Softwareย has been ranked the #1 global provider byย International Data Corporationย (IDC) in its latestย IDC Semiannual Software Tracker, 2023H2 for Data Replication & Protection software. The tracker reports thatย Veeam, with a year-over-year growth rateย (not adjusted for constant currency) of 15.9%,ย grew faster thanย the other top five vendors and the overall market average in 2H23. According to the tracker, Veeamโ€™s revenue grew 16.7% sequentially over the first half of 2023.

โ€œVeeamโ€™s success is built on our innovation excellence, giving our customers the freedom to backup, protect and securely recover their data instantly, with minimal to no downtime, regardless of reasons โ€“ from ransomware attacks to natural disasters. This is critical for every organization,โ€ said Anand Eswaran, CEO at Veeam. โ€œWe breezed past $1.5 billion in ARR (annual recurring revenue) in FY2023, and this strong market out-performance is an outcome of our customersโ€™ trust in our secure ransomware recovery solutions across every environment (physical, virtual, hybrid, cloud) and every app (on-premises, SaaS). At a time when cyber-attacks are endemic, every organization needs to protect their valuable business data with immutable backups and if the worst happens, they need to recover rapidly. This is how Veeam gives our customers peace of mind. I thank our 450,000 customers and our incredible partners for their support and trust, which has enabled us to continue to lead the market.โ€

Veeam recently launchedย Veeam Data Cloudย which delivers the confidence and reliability of the industryโ€™s leading backup and ransomware recovery platform with the ease and accessibility of a cloud service.ย Microsoft and Veeamย have announced an extended strategic partnership to jointly develop AI innovation and co-sell Veeam Data Cloud.

In 2023H2, Veeam announcedย Veeam Data Platform 23H2 update, includingย Veeam Backup & Replicationย v12.1 release as well as Veeam ONE v12.1 andVeeam Recovery Orchestrator v7.ย With a focus on radical resilience, this release includes hundreds of new features and enhancements designed to not only protect enterprisesโ€™ most critical data, but to enable them with radical resilience to bounce forward from ransomware and cyber-attacks.

VeeamON 2024

Registration is now open for the 10th annualย VeeamONย event, taking place June 3 โ€“ 5, 2024 at the Diplomat Resort in Fort Lauderdale, Florida and online.ย VeeamON 2024 Diamond Sponsors includeย ExaGrid,ย Hewlett Packard Enterprise,ย Lenovoย andย Microsoft; Platinum sponsorsย Backblaze,ย Hitachi,ย Pure Storage,ย Scality, andย Wasabi; and many others. Register now for VeeamON 2024ย onsiteย or attendย virtuallyย for free.

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