Veritas had 24.3 percent market share in the backup software market, led by its NetBackup and Backup Exec solutions, and 11.5 percent of the market in archive software. In the management SDS category, the company maintained leading market share at 27.2 percent, while growing revenue by 7.87 percent in 2017.
Veritas has heightened its focus on ensuring customer success while sustaining a rapid pace of innovation with both existing and new solutions to help organizations solve their most complex data protection challenges.
Additionally, the need for modern software-defined storage capabilities has never been more pressing as data growth and data storage costs continue to grow exponentially. New software-defined storage innovations from Veritas enable and optimize machine learning intelligence to help customers increase their information capital through deeper levels of classification, indexing and analytics.
“New applications like artificial intelligence (AI) and the Internet of Things (IoT) are driving soaring volumes of data, while data governance regulations, such as the General Data Protection Regulation (GDPR), are causing complex data protection and storage challenges for customers,” said Greg Hughes, CEO, Veritas. “At Veritas, we’re focused on helping our customers easily protect and manage their data,” said Hughes.
The new Gartner report follows Veritas’ position as a Leader in the Gartner 2017 Magic Quadrant for Data Center Backup and Recovery Solutions 2 and the Gartner 2017 Magic Quadrant for Enterprise Information Archiving. 3
The report is available to Gartner subscribers here.