Veeam is one of the world’s leading providers of data protection and availability solutions. It has been at the forefront of the data protection industry for over a decade, providing its customers with a range of products and services that ensure their data remains safe and secure.
Veeam’s market position is strong and has been consistently rising in recent years. According to a report by IDC, the company is the clear market leader in the data protection and availability space, with a market share of more than 31%. This puts Veeam ahead of its competitors, including IBM and Dell EMC, which have a combined market share of just over 20%.
Veeam’s position as the market leader is further reinforced by its industry rankings. For example, Gartner has placed Veeam in the “Leaders” quadrant of its Magic Quadrant for Data Center Backup and Recovery Solutions for the past two years. This puts Veeam ahead of its competitors in terms of overall performance and capabilities.
In addition to its strong market position and industry rankings, Veeam has seen significant growth in recent years. In the first quarter of 2021, the company reported a year-over-year revenue growth rate of more than 20%, driven by an increase in demand for its products and services. This is an impressive result, especially considering the difficult conditions caused by the pandemic.
Veeam’s success in the data protection and availability space is largely due to its focus on innovation. The company has consistently released new features and products, such as its Veeam Availability Suite and Veeam Backup & Replication, that are designed to meet the needs of its customers. Veeam also invests heavily in research and development, which has resulted in the development of unique technologies, such as its patented “Veeam Cloud Connect”, that differentiate it from its competitors.
Finally, Veeam has a strong presence in the cloud market as well. The company has partnered with some of the world’s leading cloud providers, including Microsoft Azure, Amazon Web Services, and Google Cloud Platform, to ensure its customers can access their data from the cloud. This has further increased the company’s market share and positioned it as a leader in the cloud space.
Overall, Veeam’s market position is strong and it is well-positioned to continue its growth in the years ahead. With its industry-leading products, innovative technologies, and strong presence in the cloud market, Veeam is well-positioned to remain the market leader in the data protection and availability space.