I have lost count of how many times I have heard the word “unprecedented” used to describe the last few months or read the phrase “new normal;” however, they have been apt descriptors. Despite everything, Veeam has remained laser-focused on its mission to be the most trusted provider of Backup solutions that deliver Cloud Data Management, to continually innovate, provide a customer-first work ethic, and protect our community. We believe these are characteristics that make Veeam what it is and validate our being named a LEADER in Gartner’s 2020 Magic Quadrant for Data Center Backup and Recovery Solutions for the fourth year in a row.1 I am delighted by this, but more so for the fact that Gartner positioned Veeam as the highest for the ability to execute.
We think this recognition is a tremendous acknowledgement for all at Veeam — employees and ecosystem — as we feel it validates our strategy and approach to data management. Moreover, I feel it is testament to the work we have put in across the business over the past year to continually execute our vision. If you ask any of our 375,000+ customers, proof is paramount and execution is key, which is why our positioning as the highest for the ability to execute really excites me. We promised innovation and we think we delivered on that promise, with the launch of Veeam Availability Suite v10, and most recently at VeeamON 2020 by announcing new solutions that will help customers of all sizes deliver the business continuity and data management across multi/hybrid cloud environments that is needed to prosper today.
Execution doesn’t just stop with delivering on a vision, but in building a solid, dependable and reliable platform and business model, one that customers can buy into and trust. Veeam has done that with double-digit growth year-over-year, investing heavily in R&D and building a world-class ecosystem to ensure that we can service our customers’ needs no matter what they are. While I am delighted at the Gartner Magic Quadrant positioning, Gartner recently published its 2019 Market Share: All Software Markets, Worldwide research, and Veeam has increased in market share compared to the previous year to become the 3rd largest provider of backup and recovery software worldwide in 2019.2
Veeam grew its revenue 25.9% year-over-year (YoY from 2018 to 2019) in a market that Gartner states grew at 2.5%, which we think means that Veeam’s growth was over 10 times that of the overall market for backup and recovery software worldwide.* From our view, this market share ranking, together with our Magic Quadrant positioning, shows that we are delivering on our vision to be the most trusted provider of Backup that delivers Cloud Data Management.
Sources and disclaimer:
1 Gartner, Magic Quadrant for Data Center Backup and Recovery Solutions, Santhosh Rao, Nik Simpson, Michael Hoeck, 20 July 2020. Previous titles include Magic Quadrant for Data Center Backup and Recovery Software.
2 Gartner, Market Share: All Software Markets, Worldwide, 2019, Neha Gupta, Vanitha Dsilva, et al., 13 April 2020. *Calculations performed by Veeam.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
