Veeam Backup & Replication is the #1 backup solution for virtualized environments like VMware and Hyper-V. It provides fast, reliable backup and recovery of virtual machines and applications. Some key features include instant virtual machine recovery in under 2 minutes, file-level recovery without agents, backup from storage snapshots, and ensuring recoverability of backups through capabilities like SureBackup and SureReplica. The software also allows using backup data for testing, training, and sandbox environments through features like Virtual Lab and On-Demand Sandbox. Monitoring and reporting of backup infrastructure performance is provided by Veeam ONE to help avoid issues.