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    VM Platform Ledger 2026
    Ledger
    VM Platform Ledger 2026

    Proxmox VE: VM Platform Ledger 2026 Scorecard

    Proxmox builds what its users have been asking for, in the order it can afford to, and the VMware exit pulled several of those items forward.

    Edition September 30, 20268 min read

    Part of the VM Platform Ledger (edition 2026-09-30). How the scores work: methodology.

    Snapshot

    • Type: product
    • Owner: Proxmox Server Solutions GmbH (private, Vienna)
    • Engine: QEMU/KVM and LXC on Debian
    • Licence: AGPLv3; optional support subscription per CPU socket per year, no feature gating
    • Latest release: 9.2 (2026-05-21); arm64 build 2026-08-05
    • Next milestone: Load balancer for non-HA guests; SAN snapshots out of preview (no dates published)
    • Archetype: Dependable builder
    • Evidence grade: A. Release notes, roadmap revision history and pricing snapshots were all read from primary sources.

    Scorecard

    DimensionScoreDirection
    Capability today69.5 / 100higher is better
    Momentum since end of 2022+19.3 points (2015 to 2022: +15.3)higher is better
    Credibility18.0 / 25higher is better
    Commercial risk6.5 / 25lower is better
    Technical lock-in2.5 / 25lower is better
    Integrator fit12.0 / 20higher is better
    AI leverage5.5 / 20higher is better
    Ledger Index68.7 / 100balanced weights; see the methodology

    Capability by domain, 2015 to today

    Scores 0 to 5 against fixed anchors; total is weighted to 100.

    Domain (weight)201520192022Today
    Compute core (15)2.5334
    Storage (12)33.53.54
    Networking / SDN (10)222.53.5
    Data protection / DR (12)1.52.533.5
    Migration-in (8)0.51.51.53.5
    GPU / AI (10)12.52.53.5
    Kubernetes (8)0001.5
    Security / confidential (8)22.533.5
    Fleet / multi-site (9)11.523.5
    Automation / ecosystem (8)3333.5
    Total / 10034.946.350.269.5

    Year by year: 2015: 34.9 · 2016: 34.9 · 2017: 40.1 · 2018: 43.1 · 2019: 46.3 · 2020: 48.5 · 2021: 49.3 · 2022: 50.2 · 2023: 52.8 · 2024: 56.8 · 2025: 68.0 · 2026: 69.5

    What moved the score

    YearDomainChangePointsTrigger
    2017Data protection / DR1.5 → 2.5+2.45.0: asynchronous ZFS replication
    2017Migration-in0.5 → 1.5+1.65.0: command-line disk and OVF import
    2017Storage3 → 3.5+1.25.0/5.1: ZFS storage replication; Ceph Luminous
    2018GPU / AI1 → 2.5+3.05.3: passthrough and vGPU in the GUI
    2019Compute core2.5 → 3+1.55.4/6.0: 2-node quorum device, live migration with local disks
    2019Fleet / multi-site1 → 1.5+0.95.4: quorum device for 2-node clusters
    2019Security / confidential2 → 2.5+0.86.0: ZFS native encryption
    2020Data protection / DR2.5 → 3+1.2Backup Server 1.0: incremental, deduplicated, encrypted
    2020Networking / SDN2 → 2.5+1.06.2: SDN (experimental)
    2021Security / confidential2.5 → 3+0.87.1: vTPM and Secure Boot for guests
    2022Fleet / multi-site1.5 → 2+0.97.3: offline mirror, cross-cluster migration by CLI
    2023Kubernetes0 → 1+1.6Community CSI and Cluster API providers appear
    2023Networking / SDN2.5 → 3+1.08.1: SDN fully supported
    2024Automation / ecosystem3 → 3.5+0.88.3: webhooks; growing partner ecosystem
    2024Migration-in1.5 → 3.5+3.28.2: ESXi import wizard with live import
    2025Compute core3 → 3.5+1.59.0: HA affinity rules
    2025Data protection / DR3 → 3.5+1.28.4: backup provider API; Veeam, Commvault, Cohesity support
    2025Fleet / multi-site2 → 3.5+2.7Datacenter Manager 1.0: multi-cluster management, cross-cluster live migration
    2025GPU / AI2.5 → 3.5+2.08.4: vGPU live migration; NVIDIA-supported hypervisor
    2025Kubernetes1 → 1.5+0.89.1: OCI images as containers
    2025Networking / SDN3 → 3.5+1.09.0: SDN fabrics (OpenFabric, OSPF); BGP in 9.2
    2025Security / confidential3 → 3.5+0.88.4/9.1: AMD SEV-SNP and Intel TDX (initial)
    2025Storage3.5 → 4+1.29.0: snapshots on shared SAN (preview); third-party storage plug-ins
    2026Compute core3.5 → 4+1.59.2: dynamic load balancer for HA guests; arm64 build

    Direction, 2023 to 2026

    Each release item carries one theme and one driver (V vision, C customer need, M market window, U upstream, P portfolio).

    DateItemThemeDriver
    2023-037.4: rebalance on start, node maintenance modeD1 Core computeC
    2023-068.0: Debian 12 base; Ceph enterprise repository includedD12 PackagingU
    2023-118.1: SDN fully supported; host Secure BootD3 NetworkingC
    2024-03ESXi import wizardD5 Migration-inM
    2024-048.2: backup fleecing, automated installD4 Data protectionC
    2024-08Veeam supports Proxmox VED11 Ecosystem opennessM
    2024-118.3: OVA import, webhooks, initial SEVD5 Migration-inM
    2024-12Datacenter Manager alphaD10 Fleet/edgeC
    2025-03NVIDIA lists Proxmox as supported vGPU hypervisorD6 AI/GPU infrastructureC
    2025-048.4: vGPU live migration, backup provider APID11 Ecosystem opennessC
    2025-089.0: Debian 13 baseD12 PackagingU
    2025-089.0: SAN snapshots (preview), HA affinity rules, SDN fabricsD2 StorageC
    2025-119.1: OCI images as containers; Intel TDXD8 KubernetesV
    2025-12Datacenter Manager 1.0D10 Fleet/edgeC
    2026-04Backup Server 4.2: S3 datastores, encrypted syncD4 Data protectionC
    2026-059.2: dynamic load balancer; BGP and WireGuard fabricsD1 Core computeC
    2026-05Datacenter Manager 1.1: central install serverD10 Fleet/edgeC
    2026-07NVIDIA Mission Control collaborationD6 AI/GPU infrastructureV
    2026-08Official arm64 build for NVIDIA Grace and VeraD1 Core computeV
    2026-0924/7 support; North America subsidiaryD12 PackagingM
    2026-09Omnissa Horizon Ready certificationD11 Ecosystem opennessM
    • Centre of gravity: Core compute (3), Packaging (3), Ecosystem openness (3)
    • Blind spots (no items): AI-assisted ops, Security
    • Driver mix: Vision 14%, Customer need 52%, Market window 24%, Upstream 10%, Portfolio 0%
    • Idea-to-need index: 0.16 (0 = demand-pulled, 1 = thesis-pushed)

    Credibility: 18.0 / 25

    CriterionScoreBasis
    Cadence3.5Two to three releases a year and a major every two years with Debian; dates not published in advance
    Roadmap transparency4Public roadmap, git and bug tracker; but no dates, and the planned list went unedited for 18 months
    Say-do39 of 21 listed items shipped, 5 partial, 7 pending, none dropped; the DRS-style balancer took 43 months. Most headline features shipped without being announced
    Velocity4Several substantive capabilities per release since 8.1
    Lifecycle stability3.5About 3 years per major, in-place upgrades with a checker; no long-term-support option

    Commercial risk: 6.5 / 25 (lower is better)

    CriterionScoreBasis
    Price and licence volatility1.5Same four tiers since 2013; about +6% a year since 2023
    Purchase constraints0.5Runs without a key; any quantity; all features in every tier
    Channel and access0.5Open download; partner entry by application
    Owner stability2Small founder-owned company; no outside owner, but size is a dependency
    Cost of staying supported2Each major supported about 3 years; upgrades are free

    Technical lock-in: 2.5 / 25 (lower is better)

    CriterionScoreBasis
    Formats0.5Standard QEMU disk formats; plain-text VM config
    Export path1No export wizard, but nothing to convert
    Stack coupling0Any storage, standard Linux networking
    Hardware / cloud coupling0Any x86 server; fully offline capable
    Skills and tooling coupling1Standard Linux and KVM skills

    Integrator fit: 12.0 / 20

    CriterionScoreBasis
    Partner programme openness4.5Open programme; vendor also sells direct at list price; terms unpublished
    Multi-tenancy and self-service2Pools, roles and realms exist; no quotas, self-service portal or metering
    API and infrastructure-as-code3Everything is a REST call; Terraform and Ansible are community-maintained only
    Skills and certification2.5Training with certificate of completion; no exam-based certification

    AI leverage: 5.5 / 20

    How the platform uses AI, scored per year like capability. Only GA counts.

    Criterion20192022TodayLatest step
    AI workload infrastructure223.52025: NVIDIA-supported vGPU hypervisor; vGPU live migration (8.4)
    AI platform stack0002015: None
    AI-assisted operations0002015: None
    Agent openness2222015: Full REST API with tokens; MCP servers are community-only

    Year by year: 2015: 3 · 2016: 3 · 2017: 3 · 2018: 4 · 2019: 4 · 2020: 4 · 2021: 4 · 2022: 4 · 2023: 4 · 2024: 4 · 2025: 5.5 · 2026: 5.5

    AI say-do, 2023 to 2026: 4 AI items announced; 3 GA, 0 still preview, 0 pending, 0 dropped. The fourth is an NVIDIA collaboration with nothing to check. Proxmox announces little AI and ships what it announces.

    Proxmox runs AI workloads well enough since NVIDIA started supporting it in 2025, including vGPU live migration and Grace hosts. It has no AI platform, no AI in its own operations and no official agent interface; the community fills that gap with unofficial MCP servers.

    Reading

    Proxmox builds what its users have been asking for, in the order it can afford to, and the VMware exit pulled several of those items forward. It has closed most of the basic gaps since 2023 (SDN, import, load balancing, multi-cluster management, third-party backup) while staying the lowest-risk platform to buy and to leave. What it does not do is set direction: Kubernetes and AI-assisted operations are absent from both the product and the roadmap.

    Open questions and items to re-score

    • SAN snapshots, DHCP address management and the new firewall are still technology previews; check before promising them.
    • The load balancer covers HA-managed guests only; non-HA balancing has been on the roadmap for 46 months.
    • Multi-tenancy for service providers needs third-party tooling (no quotas or self-service).
    • Vendor size: support was Vienna business hours only until the 24/7 service goes live on 2026-10-19.

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