At the event we were able to see how the V-Valley business has only grown in recent years, something that is not by chance, and is precisely what has been most emphasized last week at this event.
V-Valley doubles its revenue in the last five years
This is how we saw it in a graph that showed us the evolution in income of V-Valley since 2015. Then these were 324 million euros. In 2022 these revenues have already exceeded 1,000 million euros, which is why they have practically tripled in the last seven years. It is evident that the trend is upward, since you only have to look at the evolution of the last year to verify that revenues have grown by practically 175 million euros.
As they pointed out during the presentation of these results, the strength of these results lies in some sectors that are performing especially well, and that are increasing revenues significantly. How can he be business of the cloud, that of printers or barcode readers, which are having great growth. The same is true of software and cybersecurity, which are two of the areas that have grown the most. And it is that this cloud segment It is the one that undoubtedly appears as the great catalyst for growth in the coming years for the group.
Regarding the distribution of income, these have come mainly from the large IT Corporate Resellers, that have had a weight in these 55%. The remaining Four. Five% has belonged to the SMEs, which continue to form an essential part of V-Valley’s income, and therefore a very important market. Among that 55% there are also public bodies, which now also represent a great opportunity for growth due to the weight that the Next Generation Funds in the markets that V-Valley operates, which make up no less than 50% of those that the European Union will deliver.
So there is also a great opportunity there. The leadership role that V-Valley plays in the Italian, Portuguese and Spanish markets is undoubtedly the key to the fact that the number of resellers served by the group has not stopped growing in recent years, something of which they have given good testimony from some of its main collaborators, such as Inetum, NTT Data, LINSoft, Vodafone or Converge among others.
Good prospects for 2023
In the same act we attended the intervention of Larry Walsh, the CEO of channelnomics, who has analyzed from his particular perspective the evolution of the market in the countries where V-Valley currently operates. In this sense, he has stressed that during 2023 the market will growalthough in a more moderate way than it has done in recent years.
In general, positive years are expected in the global market, with growth of around 5% globally for these channels, although in the case of the countries in which V-Valley operates, such as Spain, Italy and Portugal. These channel growths will be somewhat lower, a maximum of 3%but after all growth, which is something to highlight in such a difficult economic environment as the current one.
A market that in any case is in good health, since companies are at a time when they are seeking to be more productive through efficiency. Therefore, the event has served to capture the Good time that V-Valley is going throughnot only in terms of results, but also in terms of synergies, proving to have an excellent relationship with thousands of partners, which is undoubtedly the true secret of its success.