Veeam Software Market Research Report

Company Overview

• Name: Veeam Software

• Mission: To help every company in the world become radically resilient, able not just to bounce back after a data disruption, but to bounce forward.

• Founded: The Veeam story starts in 2006 with a small group of data-driven engineers passionate about simplifying the backup of virtual machines.

• Key People:

• Anand Eswaran: CEO

• Lucy Hur: Chief People Officer

• Niraj Tolia: Chief Technology Officer

• Headquarters: Seattle, Washington, USA

• Number of Employees: Over 5,000 employees

• Revenue: $1.5 billion with market growth of 11.8% year-over-year (as of 2023 report)

• What is the Company Known For: Veeam is a global leader in data resilience, known for its innovative solutions in data backup, recovery, freedom, security, and intelligence.

Products

Veeam offers a broad suite of data management and protection solutions designed to provide resilience, security, and flexibility across various data environments including cloud, virtual, and physical infrastructures.

Key Products and Features:

1. Veeam Data Platform:

• Data Backup & Recovery: Safe, immutable backup copies and the ability to recover data rapidly.

• Data Intelligence: Harnessing insights for efficient data management and resilience.

• Data Security: Zero Trust Data Resilience principles embedded in its architecture.

2. Veeam Data Cloud:

• Backup & Replication: Integrated cloud solutions providing robust data protection.

• Microsoft 365 and Salesforce Backup: Ensures seamless backup and recovery for Salesforce and Microsoft 365 environments, empowering organizations to avoid data loss.

3. Kasten by Veeam:

• Kubernetes-native Data Protection: Industry-leading features for resilience and application mobility across Kubernetes distributions.

4. Veeam Backup for Microsoft Azure and AWS:

• Offers agentless backup and reliable recovery, optimizes cloud costs, and provides secure, rapid recovery services.

• Immutability & Security: Includes features like Logical Air-Gaps and WORM state storage.

Recent Developments

New Product Launches & Updates:

• Veeam Data Cloud Vault: A new secure cloud storage offering integrated into Veeam Backup & Replication, noted for seamless integration and predictable pricing.

• Veeam Backup for Salesforce: Enhanced version including data archiving and encryption reducing storage costs within Salesforce.

• Veeam Data Platform v12.2: Extended support for new platforms including Proxmox VE and MongoDB, along with security enhancements.

Key Innovations and Partnerships:

• Coveware Acquisition: To enhance ransomware protection and recovery services.

• Integration with Microsoft and Palo Alto Networks: To bolster security operations, offering seamless integration and enhanced threat detection.

• Partnership with Kyndryl: Global strategic alliance focused on cyber resiliency, enhancing business continuity and reducing operational costs.

Market Recognition and Achievements:

• Ranked #1 in the 2024 Gartner Market Share Analysis: Acknowledged as the leader in Enterprise Backup & Recovery Software.

• IDC Tracker Recognition: Positioned as the global leader for Data Replication & Protection Software, contributing significantly to enterprise data resilience solutions.

• Enhanced AI-driven Threat Detection: Integration of Coveware’s database to fortify AI capabilities in identifying ransomware signatures.

Key Hires:

• Lucy Hur as Chief People Officer: Former executive with experience from enterprises like Microsoft and Nokia, aiming to drive workforce growth and cultural initiatives.

• Niraj Tolia as Chief Technology Officer: Joined post-acquisition of Alcion, a firm noted for its security-first AI-driven data solutions.

Conclusion

Veeam Software continues to innovate and lead in the domain of data resilience and cybersecurity. With strong strategic partnerships, market-leading solutions, and a commitment to innovation, Veeam is poised to stay at the forefront of the enterprise data protection industry. The company continues to embrace challenges and meet modern data management needs across various environments while maintaining flexibility and high standards of security and performance.