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Analyst Report
December 27, 2016
Author: Jason Buffington,

Backup and disaster recovery represent two of the most frequent uses for cloud storage today, in large part due to the operational agility and appealing cost structure that a secure offsite data repository provides.

But protecting organizational data in the cloud is not a one-size-fits-all endeavor. Organizations assessing how to leverage cloud-powered data protection and cloud-enhanced availability should know not only that is cloud not a “tape killer,” but also that three distinct types of cloud-based data protection services are prevalent today—and each has its own strengths.

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The recent IDC Software Tracker report confirms that Veeam® is the fastest-growing software vendor. The report confirms that Veeam is the 2016-H1 Revenue Growth Leader in the Data Availability market. Specifics from IDC include:

  • Veeam’s revenue growth for 2016-H1 was 39.4% more than its revenue growth in 2015-H2.
  • Veeam’s growth rate in 2016-H1 was 33.1% more that the total market growth rate.
  • Veeam is the only Data Availability vendor to completely land in the LEADING segment of the IDC Market Share quadrant.
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Analyst Report
December 20, 2016

The market for data protection and availability is undergoing a significant change. It is moving away from the scheduled backup and recovery approach based on making copies of the data kept in different silos. The shift is toward a more continuous data protection and availability approach. The vendors in this new space are still emerging, and different solutions use different technologies.

Veeam has been disrupting this business for the past eight years, but now it is becoming one of the establishment and is driving the market in new directions. In this report Ovum examines how Veeam sees the new market, how it is positioning itself, and what this vision means for organizations in terms of data protection.

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Analyst Report
December 20, 2016

This IDC Flash highlights some of the key takeaways from Veeam's VeeamON 2015 conference and insights regarding what to expect from the company in 2016.

Veeam just completed its VeeamON 2015 conference, its second annual user conference. Approximately 1,800 attendees, including partners, customers, employees, and others, gathered to learn about the upcoming Veeam version 9 release and the company's plans for 2016.

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This IDC Executive Brief discusses the cost and complexity challenges stemming from legacy backup infrastructure, as well as the cost drivers and best practices that IT managers need to consider when choosing a modern data protection solution.

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The Veeam Availability Platform “Next Big Thing,” which the company claims is its biggest announcement to date, is indeed a major step forward for the company. Whereas the company has risen to become a top 5 data protection and recovery software vendor primarily in the small and medium-sized business market and almost exclusively for virtual machines, this announcement broadens Veeam’s applicability to Windows and Linux physical environments and cloud environments plus tighter integration with IBM storage in the upcoming version 10 to complement integration with HPE, NetApp, and EMC in version 9.5.

The result is a product portfolio that will address the majority of data protection requirements among enterprise customers, thereby expanding Veeam’s potential market reach. Moreover, the company is aiming to be the best-in-class availability product for hybrid cloud deployments, an area of strategic importance for most IT organizations of all sizes.

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Availability and data protection solutions must meet the requirements of the 24x7x365 world in which organizations operate and traditional solutions often fall short.1 ESG was engaged to develop a detailed economic model to quantify the value of Veeam’s virtually optimized data management Availability solution compared to a present mode of operation (PMO) representative of traditional “physical-first” legacy backup solutions that have been adapted for virtual infrastructure.

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Veeam had $474m in bookings in 2015 ($397m GAAP) and is on pace to get to $600m in bookings by the end of 2016. The company has its 10th anniversary in 2016 and has been selling products since 2008. It currently has 205,000 customers, including 48% of the Global 2000 and 70% of the Fortune 500.

While there is still room to grow revenue with small and medium-sized businesses, the next chapter for Veeam will take it into the enterprise and will attempt to position the company as a hybrid cloud player for management and workload migration.

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Analyst Report
March 01, 2016

The 2016 Veeam Availability Report, gathering insight from 1,140 senior IT decision makers (ITDMs) across 24 countries, clearly shows that the needs of the Always-On Enterprise™ are not being met, and that enterprises need to make availability a strategic priority or risk up to $16 million each year in lost revenue.

Key Findings compared to 2014 results:

  • Increase in unplanned downtime:
    • 1.4 to 1.9 hours for mission-critical applications
    • 4.0 to 5.8 hours for non-mission-critical applications
  • The average recovery time objective (RTO) for mission-critical applications is 3.0 hours vs service level agreements (SLAs) requiring 1.6 hours. Similarly, current recovery point objective (RPO) is 4.2 hours, but should ideally be 2.9 hours.
  • Annual downtime cost has risen a staggering $6M within a 12 month period

Download the summary and full research report today! Help your organization avoid the financial downfall of the Availability Gap and gain insights to the challenges and the solutions needed to enable the Always-On Enterprise.

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Users demand 24/7 access to ALL applications and data, and they have no patience for downtime. CIOs are responsible for delivering a seamless, Always-On user experience… but is this happening? No!

In order to help educate decision makers, so they can turn their organization into an Always-On Enterprise, Veeam commissioned 1,140 interviews with senior decision makers in IT departments (referred to as ITDMs or respondents) in 24 countries, which are compared where appropriate to 630 interviews with ITDMs conducted in 2014.

This infographic illustrates key findings of the 2016 Veeam Availability Report.

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