NEWS

Veeam fortifies its position in market

By VARINDIA - 2017-07-21

In its recent report, Veeam Software has announced that its solutions continue their momentum, with the company overtaking Commvault in marketshare and industry leader recognition. It has also said, Veeam achieves 36 straight quarters of double-digit growth and major market share gains from legacy backup providers.

In Gartner’s Backup & Recovery Marketshare Report 2016, Veeam was ranked No. 4 globally with a 27-per cent year-over-year (YoY) growth, surpassing legacy backup providers who posted flat or single-digit growth. Similarly, within IDC’s Software Tracker, Data Protection 2016, Veeam was positioned in the top four vendors, once again validating Veeam’s vision and ability to execute is being embraced by customers across the globe. Veeam recently announced record Q2 results globally and as a testimony of India’s market potential, the company’s total bookings revenue for FY 2016 in India grew by 97% per cent (YoY).

“To say that the market is changing would be a mammoth understatement; end-users are becoming more and more demanding, ransomware and other security threats are having major impact on businesses, and business owners are fighting an uphill battle to constantly innovate and deliver seamless services while remaining competitive,” said Peter McKay, Co-CEO and President at Veeam.

He added, “Veeam’s vision is clear, and over the past few months we have seen huge momentum in not only net new customers and year-over-year bookings growth, but also external validation. As enterprises move to the Cloud, we are experiencing a groundswell of interest in our Availability solutions… our results tell that story! During the last quarter, we have raised the bar with many innovation and partnership announcements, and we are just scratching the surface of what we can achieve.”

“Digital transformation in India is driving strong demand for Availability solutions. Additionally, with an increasing number of companies in India ready to adopt cloud solutions, the market for Availability here is poised to grow at an unprecedented rate. These factors are testimony of our growth in the Indian region. Being the pioneers in the Availability space, we will continue our commitment to enable Always-On enterprise and drive growth,” said Ashok Acharya, regional director, India and SAARC at Veeam.