Veeam® Software Leads Global Data Replication & Protection Market, Tops IDC Rankings

In a recent report by the International Data Corporation (IDC) Semiannual Software Tracker for 2023H2, Veeam® Software has clinched the top spot as the #1 global provider for Data Replication & Protection software. The tracker highlights Veeam’s outstanding performance, with a year-over-year growth rate of 15.9%, surpassing the growth rates of the other top five vendors and the overall market average in the second half of 2023. Moreover, Veeam’s revenue soared by 16.7% sequentially over the first half of 2023.

Anand Eswaran, CEO at Veeam, attributes the company’s success to its commitment to innovation excellence, enabling customers to effortlessly backup, protect, and recover their data securely and instantaneously, with minimal to no downtime, irrespective of the circumstances—from ransomware attacks to natural disasters. Eswaran emphasizes the critical importance of this capability for every organization in safeguarding their valuable business data. He proudly announces that Veeam surpassed $1.5 billion in ARR (annual recurring revenue) in FY2023, attributing this achievement to customers’ trust in Veeam’s secure ransomware recovery solutions across diverse environments (physical, virtual, hybrid, cloud) and applications (on-premises, SaaS). Eswaran expresses gratitude to the company’s 450,000 customers and partners for their unwavering support and trust, which has propelled Veeam to maintain its leadership position in the market.

In a bid to further enhance its offerings, Veeam recently unveiled the Veeam Data Cloud, a platform that seamlessly integrates the reliability and assurance of the industry’s leading backup and ransomware recovery platform with the convenience and accessibility of a cloud service. Additionally, Microsoft and Veeam have announced an extended strategic partnership aimed at jointly developing AI innovations and co-selling Veeam Data Cloud.

In the latter half of 2023, Veeam introduced the Veeam Data Platform 23H2 update, which includes the release of Veeam Backup & Replication™ v12.1, Veeam ONE v12.1, and Veeam Recovery Orchestrator v7. With a strong focus on radical resilience, this update incorporates hundreds of new features and enhancements designed not only to safeguard enterprises’ most critical data but also to empower them with radical resilience to rebound from ransomware and cyber-attacks.

VeeamON 2024, the company’s 10th annual event, is scheduled to take place from June 3 to 5, 2024, at the Diplomat Resort in Fort Lauderdale, Florida, and online. The event’s Diamond Sponsors include ExaGrid, Hewlett Packard Enterprise, Lenovo, and Microsoft, with Platinum sponsors such as Backblaze, Hitachi, Pure Storage, Scality, and Wasabi, among others. Registrations are now open for VeeamON 2024, offering both onsite participation and virtual attendance options free of charge.