DUBAI, UAE, 25TH January, 2022: Veeam Software, the leader in backup, recovery and data management solutions that deliver Modern Data Protection, today announced another quarter of double-digit growth with an annual recurring revenue (ARR) increase of 27% year-over-year (YoY), signifying 2021 as the company’s most successful year on record. Not only was revenue record-breaking, but Veeam closed 2021 as the #2 data protection vendor worldwide[1], ranked as a Leader for the fifth consecutive time in the 2021 Magic Quadrant for Enterprise Backup and Recovery Solutions[2], saw its Microsoft Office 365 business grow faster than expected with 73% YoY growth and achieved over 36% YoY growth of Veeam Availability Suite.
“IDC expects the total Data Protection as a Service (DPaaS) market to reach $18.4 billion in spending by 2025[3]”, said Anand Eswaran, CEO at Veeam. “Given the current global landscape and the fact that businesses now have more data than ever to protect — from ransomware and cyberattacks, compliance and new regulations, and the complexities of remote working environments — I believe that the market opportunity is even larger than what is being predicted. Veeam is outpacing the overall market maturation, growing at a much more rapid rate, and is firmly at the epicenter of the data ecosystem. This is a testament to our employees and company culture, the pace of development and innovation, and our collaboration with partners to deliver solutions that exceed customer expectations and build trust”.
“2021 has been an incredible year for Veeam, its business and industry leadership. Having the EMEA region closing 2021 with 28% double-digit ARR growth year-on-year is a phenomenal achievement. I couldn’t be prouder of the EMEA team that went above and beyond supporting customers while developing even closer relationships with our remarkable and much valued ProPartner Network”, said Daniel Fried, General Manager (GM) and Senior Vice President (SVP) of EMEA and Worldwide Channels at Veeam. “In 2022, we´ll continue accelerating our growth trajectory with incremental focus on the enterprise segment while ensuring a smooth transition for all customers from perpetual licenses to subscription, offering on-premises solutions or Veeam-powered cloud services”.
2021 Highlights
- Anand Eswaran was appointed as Veeam’s new CEO and a member of the company’s board of directors. William (Bill) H. Largent stepped down as CEO to focus on his role as chairman of the board of directors. Eswaran joined Veeam from a successful tenure at RingCentral, where he was president and Chief Operating Officer (COO), overseeing exponential growth and customer expansion.
- Veeam cloud-native data protection reported more than 420% growth YoY. New releases of Veeam Backup for AWS v4, Veeam Backup for Microsoft Azure v3 and Veeam Backup for Google Cloud v2 are now integrated directly into Veeam Backup & Replication v11a with 100% functionality for Veeam Universal License (VUL) license holders.
- Data storage in the cloud is driving massive growth. Veeam moved more than 500PB (0.5 EX) of data to public cloud storage in 2021, which accounts for 135% growth YoY. Veeam’s single platform for Modern Data Protection — simple, flexible, reliable and powerful — continues to be the industry standard and provides the highest level of value to customers.
- More than 450,000 users have downloaded Veeam Backup & Replication v11 since its launch in Q1’21. Released as the most advanced data protection solution for cloud, virtual, physical, NAS and enterprise applications, V11 now enables organizations to accelerate cloud adoption of Amazon Web Services (AWS), Azure and Google by ensuring data is reliably secured, protected and managed from a single console.
- Veeam Backup for Microsoft Office 365 reported 73% ARR growth YoY for 2021. The #1 backup and recovery solution for Microsoft 365 enables users to securely back up to any location, including on premises, in a hyperscale cloud or with a service provider. With 5 million users now relying on Veeam to protect their Office 365 data, V6 will be released in early 2022.
- Veeam’s ransomware protection capabilities in Veeam Backup & Replication, Veeam ONE™ and Veeam Disaster Recovery Orchestrator (which reported 204% YoY growth) continue to provide customers with fast, reliable recovery options from cyberattacks, with various immutable storage options on premises and in the cloud.
- Veeam counts 81% of the Fortune 500 and 70% of the Global 2000 as customers. New Q4 advocates include: Johnson Matthey, Telefónica Uruguay, TUI Group, Yamaha Brazil, Anglicare Southern Queensland, BIOCAD, Brunel International N. V, Calan and Associés Sp. z.o.o., City of Victoria, Clough Group, Franprix, Kern County, Lancaster University, Leumit Health Services, Lindsay Australia, PKO Ubezpieczenia and Transdev.
For more information, please visit www.veeam.com.
[1] IDC Semi-Annual Software Tracker for Data Replication & Protection 1H’21
[2] Gartner, Magic Quadrant for Enterprise Backup and Recovery Solutions, Santhosh Rao, Nik Simpson, Michael Hoeck, Jerry Rozeman 19 July 2021.
[3] IDC Worldwide Data Protection as a Service Forecast, 2021–2025; Aug 2021; Doc # US48097721.
