A backup repository is a server location used by Veeam Backup & Replication jobs to store backup files, copies of VMs and metadata for replicated VMs. Technically, a backup repository is a folder on the backup storage.
Note that each job can use only one repository as its destination storage, but one repository can be used by multiple jobs in parallel. You can balance the load across your backup infrastructure by setting up several repositories in your environment and limiting the number of parallel jobs for each one.
In the Veeam Backup & Replication infrastructure, you can use one of the repository types described in the following sections: