Veeam achieves double-digit growth for 15th consecutive quarter; reports 28% Growth in Q3'2021

Veeam® Software, the leader in backup, recovery and data management solutions that deliver Modern Data Protection, announced another quarter of double-digit growth with an annual recurring revenue (ARR) increase of 28% year-over-year (YoY) for Q3’21. With the fastest revenue growth YoY (25.3%) in the most recent IDC Semi-Annual Software Tracker for Data Replication & Protection 1H’21, Veeam’s momentum is being fueled by more than 20 new product releases and major feature updates this year, and is preparing for two more in Q4: Veeam Backup for Office 365 and Veeam Disaster Recovery Orchestrator v6.

“As businesses struggle to thwart evolving cybersecurity threats and deal with unprecedented global and economic challenges, modern data protection continues to be the golden ticket keeping enterprises secure and driving sustainable business continuity,” said William H. Largent, Chief Executive Officer (CEO) and Chairman of the Board at Veeam. “With the market average YoY growth at just +2.9% for data replication and protection, our 15th consecutive quarter of double-digit growth is proof that Veeam’s solutions continue to meet and exceed customer expectations, helping businesses across the globe meet operational objectives, while protecting against growing ransomware attacks. This year, we’re also excited to celebrate our 15th ‘birthday’ in October, as we continue to lead the market for backup, recovery and data management. It’s been an amazing 15 years; here’s to the next 15…and beyond.”

“Reflecting on what Veeam has achieved during Q3, I couldn’t be prouder of the many milestones the business celebrated across Asia Pacific and Japan (APJ),” said Shiva Pillay, Senior Vice President, APJ at Veeam. “Globally, we achieved double-digit growth for the 15th consecutive quarter and in APJ, Veeam reported an annual recurring revenue (ARR) increase of 30% year-over-year (YoY). The APJ region is proud to have announced the expansion of its partnership with Ingram Micro – following the launch of Veeam on Ingram Micro’s cloud marketplace in ANZ, we’re also now available in Singapore, Malaysia and Hong Kong. This quarter we added some great referenceable customers to the region, including: Parul University in India, Qingdao Huanghai Pharmaceutical in China, Diamond Group in Indonesia, Midosuji Tax Office in Japan, TRC Thailand, Lembaga Lebuhraya Malaysia and Essilor Group in Singapore - spanning across multiple verticals such as education, healthcare, construction, F&B and government. This is a testament to our commitment in providing the best-in-class data protection technologies to businesses across all industries and markets..

These milestones illustrate how Veeam is able to provide certainty in decision making in a time overwhelmed by ambiguity. Veeam supports the continuity of business operations and also helps organizations realize significant growth opportunities that otherwise wouldn’t be possible without technology innovation. Our reputation for doing just this was recognized by Gartner in its 2021 Magic Quadrant for Enterprise Backup and Recovery Software Solutions. In fact, this was the fifth time Veeam was named as a category leader and the second consecutive year Veeam is positioned highest overall. Also in the most recent IDC Semi-Annual Software Tracker for Data Replication & Protection 1H’21, Veeam had the fastest revenue growth YoY of 25.3% globally and 6.9% growth YoY in APJ.”

"In the last year, we have witnessed how the pandemic has caused companies to accelerate their migration to the cloud, and for many, this environment shift implies risks of data loss, security breaches and increased cloud costs. With this being a main concern for customers it is no surprise that Veeam has dedicated a good part of this year to help customers adapt to the "new normal." With the V11a enhancements Veeam is enhancing Veeam Backup & Replication and Cloud backup capabilities to address evolving vulnerabilities. Veeam's global YoY growth is a result of its stated commitment to keep the customer at the forefront of innovation.” – Phil Goodwin, research vice president, IDC

“At Staples Solutions, we are always looking at ways to further optimize our data protection strategies. With this in mind, we look forward to the additional features in Veeam Backup & Replication v11 such as Continuous Data Protection (CDP), a hardened Linux repository of immutable backups for extra ransomware protection, expanded instant recovery for Oracle and SQL, and Azure archive, which could provide an additional cost savings.” – Aleh Sadaunichy, Infrastructure Solutions Architect, Staples Solutions

“Ransomware attacks are increasing, and one of the best ways to avoid them is to have solid backups that can’t be encrypted in a secure cloud. That’s what Veeam offers, and that’s why Veeam is a priority for us.” – Petru Craciunas, Head of IT Infrastructure and Information Security, Essilor Amera

“We use Veeam not only for data protection, but also for our business transformation to the cloud. Replicating VMs with Veeam is fast and simple.” – Simon Doroja, Data Center and Team Lead, Essilor Amera

“Microsoft Teams has become a key application for Swietelsky during the COVID-19 pandemic. Our employees can work on projects in more than 20 different teams at the same time. With Veeam, we reliably protect all content that is created with Microsoft Teams from risks and data loss.” – Gunter Natschläger, IT Manager Backup & Virtualization, Swietelsky AG