I cannot believe how quickly this year is going. I have spent most of this time meeting with Veeamers, partners and customers, and the lasting impression I have of this team is that the customer always comes first, but the team is a very close second. I have nothing but the utmost pride in the Veeam team for their dedication to customer success and each other. We have rallied together through a tumultuous macro-environment to deliver on our strategic vision as the #1 provider of Modern Data Protection solutions spanning Cloud, Virtual, Physical, Hybrid, SaaS and Kubernetes.
Veeam remains laser-focused on its mission to protect our customers’ data no matter where it resides, and this was epitomized at VeeamON 2022 where we shared with a global audience how we are going to continue to innovate and deliver success for customers and partners. Thanks to our innovation and dedication to our ecosystem, I am proud that Veeam has been named a LEADER in 2022 Gartner® Magic Quadrant™ for Enterprise Backup and Recovery Software Solutions1 for the sixth consecutive time and positioned as the highest for the Ability to Execute for the third year in a row.
It is hard to become a Leader, but cementing our position for the sixth consecutive publication shows that Veeam’s vision and strategy is resonating with the market. However, vision and strategy count for nothing if you cannot execute; I am delighted that we, for the third year running, have the best execution, and we believe that we are the #1 Modern Data Protection provider in the market thanks to this. At VeeamON, I shared with you how, over the past year, Veeam has unveiled more than 30 product updates, including Veeam Backup & Replication v11a, which includes the cloud-native solutions to protect data across AWS, Azure and Google Cloud. These innovations ensured Veeam enjoyed a record FY21, reporting 27% ARR growth YoY, with Veeam Backup for Microsoft 365 business growing faster than expected with 73% YoY growth and Veeam Availability Suite growing over 36% YoY; our growth has continued into 2022, with an ARR increase of 22% YoY in Q2 and with over 450,000 customers, we’ve proven that the team’s focus on the customer is reaping rewards, and Gartner’s recognition is testament to that. With such growth and customer success, this proves why we are the tied market leader and shall extend this leadership over the coming years.
I want to congratulate our partner ecosystem and every Veeam employee for their role in securing this year’s placement in the Gartner Magic Quadrant and thank our customers for their continued support. There is a lot more to come from Veeam in the coming months, and I am confident that in 2023 we’ll be a Leader once again.
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¹ Gartner, Magic Quadrant for Enterprise Backup and Recovery Solutions, Michael Hoeck, Nik Simpson, Jerry Rozeman, Jason Donham, 28th July 2022.