Comparing the current results to its competitors, Veeva Systems Inc reported Revenue increase in the 2 quarter 2026 by 17.64 % year on year. The sales growth was above Veeva Systems Inc 's competitors' average revenue growth of 12.91 %, achieved in the same quarter.
Veeva Systems Inc 's Comment on Competition and Industry Peers
Veeva operates in global, rapidly evolving markets characterized by changing regulations and advancing technology. Its CRM solutions primarily compete with Salesforce, which offers a life sciences industry-specific CRM application. IQVIA previously provided a competitive CRM solution but has since licensed its CRM software to Salesforce. Veeva's Data Cloud products and Veeva Crossix compete with IQVIA Holdings, Inc., Ipsos Group S.A., Definitive Health Corp., and smaller data and analytics providers. While no single vendor competes across all Veeva Development Cloud or Quality Cloud applications, competitors include IQVIA, Dassault Systèmes, OpenText Corporation, Oracle Corporation, Honeywell International Inc., and other smaller application providers. Veeva's Commercial Cloud, Development Cloud, and Quality Cloud suites also compete with client-server legacy solutions from Oracle, Microsoft Corporation, and other smaller providers. Additionally, customers may use non-life sciences specific cloud platforms such as Salesforce, Box, Inc., Amazon Web Services, or Microsoft for certain functions.
Overall company sales advanced by 17.64 % Veeva Systems Inc outperformed its competitors in this segment and improved market share, to approx. 0.68 %. << More on VEEV Market Share.
*Market share is calculated based on total revenue.
Appian Corporation's business model focuses on providing low-code software development platforms and business process management solutions to facilitate rapid application development and automation for organizations across various industries.
Microsoft Corporation operates as a multinational technology company focused on software development, licensing, and related services. Its business model includes the creation and distribution of software products like operating systems and productivity suites, along with cloud-based solutions. Revenue is generated through hardware sales (such as gaming consoles), advertising, and consulting services.
ServiceNow Inc utilizes a subscription-based software-as-a-service (SaaS) model, offering a versatile platform for organizations to automate and optimize their IT and business processes. Their solutions span various domains, including IT service management, human resources, customer service, and security operations, providing a unified approach to enterprise workflow management. By delivering a comprehensive and scalable suite of applications, ServiceNow enables businesses to improve productivity, enhance customer satisfaction, and achieve operational efficiencies.
Oracle Corporations business model focuses on providing enterprise software solutions and cloud services. It generates revenue through software licenses, cloud subscriptions, and consulting and support services, addressing data management needs and the increasing demand for cloud technologies.
Sources:
Veeva Systems Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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