This is probably this simplest thing ever, but I figured I’d throw it up here in case someone thinks it is harder than it is.

1.) Download the update ISO from the Veeam Website and get that mounted on the box that has Veeam installed.

2.) Run the Setup executable and select Update on Backup & Replication

3.) Select Next, check whether to update remote components or not, select Next again, and finally select Finish.

That’s it!  It really is just that simple.  Follow the same process for Veeam One.