The onslaught of ransomware assaults, rising utilization of cloud-native functions and the necessity to handle backups remotely amid the pandemic have been a boon for rising information safety software program suppliers lately.
In line with Gartner’s newest analysis on the worldwide enterprise backup and restoration software program market, suppliers corresponding to Veeam, Cohesity and Rubrik have seen double-digit development, profitable market share from the likes of Dell Applied sciences and Veritas.
The market stays extremely fragmented, nonetheless, with no single participant commanding a serious slice of the market, in contrast to different IT segments the place market leaders have a tendency to steer by a much bigger margin.
Towards this backdrop, Veeam, which made a reputation for itself by making it simpler to again up digital machines, is eyeing a much bigger slice of the pie – by serving to companies detect ransomware assaults on backup information, in addition to defend information in software-as-a-service (SaaS) functions and the rising variety of Kubernetes workloads.
Throughout a media briefing on the sidelines of VeeamOn, the corporate’s annual confab held in Las Vegas this yr, Veeam’s newly minted CEO Anand Eswaran mentioned his objective was for the corporate to succeed in an outsized market main place. “Primary or two doesn’t matter as a lot as whether or not we are able to get to that 25-40% market share within the subsequent two to 3 years,” he mentioned
Eswaran mentioned so long as Veeam faucets its strengths in information safety and will increase the rate of innovation, the corporate can have the chance to “defragment this market and develop into the outsized chief in market share”.
Throughout his keynote tackle, Eswaran elaborated on Veeam’s imaginative and prescient on the way forward for information safety, beginning with serving to organisations safeguard their information in opposition to ransomware assaults.
Encrypted information
Citing Veeam’s latest survey of greater than 1,000 world IT leaders, Eswaran famous that three out of 4 organisations suffered at the very least one ransomware assault final yr, and 47% of them admitted that their information had been encrypted by the attackers.
As well as, backup repositories accounted for 94% of ransomware assaults and over two-thirds of the affected corporations couldn’t recuperate the information after the assault.
“It may be exhausting to utterly eradicate the assaults, however you’ll be able to actually take steps to scale back the dangers by means of attention-grabbing, progressive and trendy information safety methods,” mentioned Eswaran, including that 25% of victims within the research have recovered from backups relatively than paying ransom.
One other space that Veeam has been doubling down on previously few years has been information safety for SaaS functions corresponding to Microsoft 365.
The corporate mentioned its Veeam Backup for Microsoft 365 enterprise has been rising sooner than anticipated, with 73% year-on-year development. It’s anticipated to launch Veeam Backup for Salesforce later this yr.
One other cog in Veeam’s technique has been to guard Kubernetes workloads through its 2020 acquisition of Kasten, a purpose-built product for shielding stateful containers.
With the rise of manufacturing containers and the elevated want to guard them, Gartner senior director analyst Chandra Mukhyala famous that the addition of Kasten to Veeam’s portfolio opens extra alternatives.
“Veeam’s resolution has been a preferred selection for shielding virtualised environments due to its providing’s ease of use and Veeam’s easy licensing relative to different merchandise out there,” mentioned Mukhyala.
“The addition of assist for bodily workloads, together with NAS [network attached storage], and continued integration with exterior storage programs, public cloud, containers and SaaS, elevated Veeam’s whole addressable market, enabling it to seize share from distributors with extra advanced merchandise,” he added.
To bolster its Kubernetes workload safety capabilities, Veeam additionally introduced the most recent 5.0 model of Kasten K10, which now comes with ransomware assault detection amongst different new options.
Johnny Yu, analysis supervisor for storage and computing at IDC, mentioned: “The alarming charge of ransomware assaults and the elevated use of cloud-native software improvement means it’s solely a matter of time earlier than cloud-native functions develop into extra closely focused.
“With its new K10 V5.0 launch, Kasten by Veeam has positioned itself as a stable selection for corporations which might be in search of complete, end-to-end ransomware safety for Kubernetes environments.”
Supply By https://www.computerweekly.com/information/252518340/Veeam-outlines-data-protection-vision
