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Veeva Systems Inc   (NYSE: VEEV)
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    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology

Veeva Systems Inc 's

Competitiveness



 
 

VEEV Sales vs. its Competitors Q1 2025



Comparing the current results to its competitors, Veeva Systems Inc reported Revenue increase in the 1 quarter 2025 by 16.75 % year on year.
The revenue growth was below Veeva Systems Inc 's competitors' average revenue growth of 108.64 %, achieved in the same quarter.

List of VEEV Competitors

With a net margin of 30.1 % Veeva Systems Inc achieved higher profitability than its competitors.

More on VEEV Profitability Comparisons



Revenue Growth Comparisons




Net Income Comparison


Veeva Systems Inc Net Income in the 1 quarter 2025 grew year on year by 41.15%, slower than its competitors' income growth of 340.45 %

<<  VEEV Stock Performance Comparisons


Veeva Systems Inc 's Comment on Competition and Industry Peers


The markets for our solutions are global, rapidly evolving, highly competitive and subject to changing regulations, advancing technology and shifting customer needs. The solutions and applications offered by our competitors vary in size, breadth, and scope.

Our multichannel CRM applications compete with offerings from large global enterprise software vendors, such as Oracle Corporation and Microsoft Corporation, and also compete with life sciences-specific CRM providers, such as IQVIA Inc., formerly QuintilesIMS. We also compete with a number of vendors of cloud-based and on-premise CRM applications that address only a portion of the functionality of our CRM solutions. Our master data management solutions compete with master data solutions offered by vendors such as IBM Corporation, Informatica Corporation, IQVIA, and Reltio, Inc. Our data and data services offerings compete with IQVIA and many other data providers. Our Veeva Vault content management solutions compete with offerings from large global content management platform vendors such as Microsoft, OpenText Corporation and Oracle, and with offerings from life sciences specific providers, such as Medidata Solutions, Inc., PAREXEL International Corporation, IQVIA, BioClinica, Inc., and Sparta Technologies Ltd. We also compete with professional services companies that provide solutions on these platforms, such as DXC Technology Company.

In the future, providers of horizontal cloud-based solutions and platforms, such as Box.com, Amazon Web Services, or Microsoft, and third parties that build on their platforms, may seek to compete with us. In addition, we have begun selling certain of our Veeva Vault applications to companies outside the life sciences industry. We have limited experience selling certain of our Veeva Vault applications to companies outside the life sciences industry, and, therefore, we anticipate having to compete with many existing solutions, including those listed above, custom-built software developed by third-party vendors or in-house by our potential customers and niche software providers.

We may also face competition from custom-built software developed by third-party vendors or developed in-house by our potential customers, or from applications built by our customers or by third parties on behalf of our customers using commercially available software platforms that are provided by third parties. We may also face competition from companies that provide cloud-based solutions in different target or horizontal markets that may develop applications or work with companies that operate in our target markets. With the introduction of new technologies, we expect competition to intensify in the future, and we may face competition from new market entrants as well.

In some cases, our competitors are well-established providers of competitive solutions and have long-standing relationships with many of our current and potential customers, including large pharmaceutical and emerging biopharmaceutical companies. Oracle and IQVIA, for example, each have greater name recognition, much longer operating histories, larger marketing budgets, and significantly greater resources than we do.

Many of our competitors may be able to devote greater resources to the development, promotion and sale of their products and services than we are able to devote. Such competitors may be able to initiate or withstand substantial price competition and may offer solutions competitive to certain of our solutions on a standalone basis at a lower price or bundled as part of a larger product sale, including the bundling of software solutions and data. In addition, many of our competitors have established marketing relationships, access to larger customer bases and distribution agreements with consultants, system

 

integrators and resellers that we do not have. Our competitors may also establish cooperative relationships among themselves or with third parties that may further enhance their product offerings or resources.

In addition, in order to take advantage of customer demand for cloud-based solutions, such competitors may expand their cloud-based solutions through acquisitions and organic development or may seek to partner with other leading cloud providers. For instance, in October 2016, IMS Health Holding, Inc. and Quintiles Transnational Holdings Inc., a contract research organization, combined to form Quintiles IMS Holdings, Inc., which now operates under the name IQVIA. The combined entity competes with us in a number of product areas, including software solutions, data and data services. The impact of this transaction on our competitive environment is uncertain but increased competition from IQVIA could negatively impact our business. Additionally, IQVIA has partnered with Reltio to resell certain of Reltio’s master data management offerings, which could also negatively impact our business.

We believe the principal competitive factors in our market include the following:

level of customer satisfaction;

regulatory compliance verification and functionality;

domain expertise with respect to life sciences;

ease of deployment and use of solutions and applications;

breadth and depth of solution and application functionality;

brand awareness and reputation;

modern and adaptive technology platform;

capability for customization, configurability, integration, security, scalability and reliability of applications;

total cost of ownership;

ability to innovate and respond to customer needs rapidly;

size of customer base and level of user adoption;

ability to secure the rights to load and process third party proprietary data licensed by customers; and

ability to integrate with legacy enterprise infrastructures and third-party applications.

We believe that we generally compete favorably on the basis of these factors and that the domain expertise required for developing and deploying successful solutions in the life sciences industry may hinder new entrants that are unable to invest the necessary capital to develop solutions that can address the functionality, requirements and regulatory compliance capabilities needed for the life sciences industry. Our ability to remain competitive will largely depend on our ongoing performance in the areas of solution and application development and customer support.





  

Overall company Market Share Q1 2025

Despite strong revenue increase of 16.75 % in Overall company, Veeva Systems Inc lost market share, to approximately 0.53 %.




<<  More on VEEV Market Share.
 
*Market share is calculated based on total revenue.





Publicly Traded Peers of Veeva Systems Inc




Iqvia Holdings Inc
Share Performance



-27.62%
One Year



Iqvia Holdings Inc
Profile

IQVIA Holdings Inc operates a multifaceted business model that focuses on delivering advanced analytics, technology solutions, and clinical research services tailored for the healthcare sector. By harnessing extensive data resources and industry expertise, the company aids clients in optimizing operations, enhancing drug development processes, and ultimately improving patient outcomes.

More about Iqvia Holdings Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 27,326.696 mill. $ 15,497.000 mill. $ 1,334.000 mill.


International Business Machines Corporation
Share Performance



+12.19%
This Quarter



International Business Machines Corporation
Profile

International Business Machines Corporation (IBM) operates on a business model centered around delivering comprehensive technology products and services to enterprises globally, focusing on software, hardware, cloud computing, artificial intelligence, and consulting. Through these offerings, IBM seeks to enhance organizational efficiency, foster innovation, and support clients in achieving their digital transformation objectives.

More about International Business Machines Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 267,586.016 mill. $ 62,832.000 mill. $ 5,473.000 mill.


Oracle Corporation
Share Performance



+18.02%
Over The Past 5 Days



Oracle Corporation
Profile

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.

More about Oracle Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 598,266.210 mill. $ 106,309.000 mill. $ 12,159.000 mill.


Servicenow Inc
Share Performance



+35.70%
One Year



Servicenow Inc
Profile

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.

More about Servicenow Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 206,996.733 mill. $ 11,469.000 mill. $ 1,538.000 mill.


Upland Software Inc
Share Performance



-61.38%
This Year



Upland Software Inc
Profile

Upland Software Inc operates on a software-as-a-service (SaaS) business model, offering a range of cloud-based enterprise work management solutions to businesses. They generate revenue by charging customers subscription fees for accessing and utilizing their software platforms, which help companies manage various aspects of their work processes, such as project management, financial planning, marketing, and collaboration.

More about Upland Software Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 48.822 mill. $ 267.622 mill. $ -42.450 mill.


Appian Corporation
Share Performance



-11.24%
This Year



Appian Corporation
Profile

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.

More about Appian Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 2,182.809 mill. $ 633.513 mill. $ -60.516 mill.


Atlassian Corporation
Share Performance



-18.80%
This Year



Atlassian Corporation
Profile

Atlassian Corporation, a leading software company, operates on a subscription-based business model. They offer a suite of products and tools designed to improve team collaboration, project management, and software development. Their revenue is generated primarily through recurring subscription fees from customers who benefit from their cloud-based solutions and ongoing product updates and support.

More about Atlassian Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 51,698.906 mill. $ 4,961.619 mill. $ -429.703 mill.


Zoominfo Technologies Inc
Share Performance



+30.01%
30 Days



Zoominfo Technologies Inc
Profile

is a global leader in modern go-to-market software, data, and intelligence for sales, marketing, operations, and recruiting teams

More about Zoominfo Technologies Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 3,453.850 mill. $ 1,054.200 mill. $ 40.800 mill.


Uipath Inc
Share Performance



+6.07%
One Year



Uipath Inc
Profile

UiPath Inc. operates on a software-as-a-service (SaaS) model, providing a platform that enables organizations to automate and streamline their business processes through robotic process automation (RPA) technology. By offering a flexible and scalable solution, UiPath simplifies the implementation of automation tasks, improving productivity and efficiency for businesses across various industries.

More about Uipath Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 6,713.040 mill. $ 1,328.128 mill. $ -83.702 mill.


Dropbox Inc
Share Performance



+6.89%
This Quarter



Dropbox Inc
Profile

is the one place to keep life organized and keep work moving

More about Dropbox Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 8,306.213 mill. $ 2,541.600 mill. $ 470.300 mill.


Gitlab Inc
Share Performance



-7.37%
One Year



Gitlab Inc
Profile

believes in an innovative world powered by software

More about Gitlab Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 6,781.964 mill. $ 625.261 mill. $ -409.404 mill.


Asana Inc
Share Performance



-33.55%
This Year



Asana Inc
Profile

is a work management platform that helps teams orchestrate work

More about Asana Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 3,097.790 mill. $ 667.376 mill. $ -233.326 mill.


Freshworks Inc
Share Performance



-1.84%
This Quarter



Freshworks Inc
Profile

provides businesses of all sizes with modern SaaS products that are designed with the user in mind

More about Freshworks Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 4,501.123 mill. $ 751.232 mill. $ -73.347 mill.


Pagerduty Inc
Share Performance



-33.36%
One Year



Pagerduty Inc
Profile

is a digital operations management platform that manages urgent and mission-critical work for a modern, digital business

More about Pagerduty Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 1,313.958 mill. $ 438.659 mill. $ -67.401 mill.


Definitive Healthcare Corp
Share Performance



+36.70%
This Quarter



Definitive Healthcare Corp
Profile

Definitive Healthcare Corp operates as a provider of data and analytics for the healthcare industry. Their business model is centered around collecting and aggregating vast amounts of healthcare data from various sources, including hospitals, physicians, and other healthcare organizations. They then analyze and transform this data into meaningful insights and reports, which they sell to clients such as healthcare providers, insurance companies, and pharmaceutical companies to aid in decision-making and strategic planning.

More about Definitive Healthcare Corp 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 411.656 mill. $ 247.913 mill. $ -733.821 mill.


Smartsheet Inc
Share Performance



+0.23%
Over The Past 5 Days



Smartsheet Inc
Profile

is the enterprise platform for dynamic work, enabling teams and organizations of all sizes to plan, capture, manage, automate, and report on work at scale

More about Smartsheet Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 8,055.035 mill. $ 889.960 mill. $ -119.660 mill.


Monday com Ltd
Share Performance



+23.55%
One Year



Monday com Ltd
Profile

emocratizes the power of software so organizations can easily build software applications and work management tools that fit their needs

More about Monday com Ltd 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 14,675.210 mill. $ 971.995 mill. $ 32.372 mill.


Cryoport inc
Share Performance



-4.17%
Over The Past 5 Days



Cryoport inc
Profile

Cryoport Inc's business model revolves around providing temperature-controlled logistics solutions for the shipping of cryogenic products, including life sciences materials, cell and gene therapies, and reproductive medicine. The company utilizes its advanced technology and a global network of partners to ensure safe and secure transportation of these sensitive materials, catering to the needs of the rapidly growing biopharmaceutical industry.

More about Cryoport inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 333.147 mill. $ 214.833 mill. $ -115.842 mill.


Salesforce Inc
Share Performance



+13.30%
One Year



Salesforce Inc
Profile

Salesforce Incs business model focuses on offering cloud-based CRM solutions that assist businesses in managing sales, marketing, and customer service. The company generates revenue primarily through subscription fees, enabling organizations to enhance customer relationships and drive growth through its accessible platform.

More about Salesforce Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 254,751.100 mill. $ 35,553.000 mill. $ 4,144.000 mill.


Microsoft Corporation
Share Performance



+14.21%
This Year



Microsoft Corporation
Profile

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.

More about Microsoft Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 3,566,656.440 mill. $ 279,011.000 mill. $ 100,275.000 mill.


Honeywell International Inc
Share Performance



-1.78%
Over The Past 5 Days



Honeywell International Inc
Profile

Honeywell International Inc operates as a diversified technology and manufacturing company, providing a broad portfolio of products and solutions across multiple sectors including aerospace, buildings, materials, and safety. The company emphasizes innovation and efficiency, leveraging advanced technologies to enhance productivity and sustainability for its customers. By integrating software and hardware in its offerings, Honeywell aims to deliver comprehensive solutions that drive operational excellence and long-term growth.

More about Honeywell International Inc's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 144,762.932 mill. $ 39,215.000 mill. $ 5,732.000 mill.




Sources: Veeva Systems Inc and all companies mentioned above in this report


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