Veeam Closes Record 2021 with 27% Growth

Veeam Closes Record 2021 with 27% Growth

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