Many of you might have seen the KB on this change MS are making to how they throttle O365 backups.
You may have deployed serveral Applications in entra Id Azure to increase performance of Sharepoint backups in the past. with varing level of success.
Well going forward that wont be a concern and MS are changing this so the throttling is no longer app based but is shared accross the subscrition. so as of march 1st if you have more than one application connection into O365 it will not offer any improvment is backup performance.
if you only ever had the default single application registration then you will see no impact at all.
it will be as slow as it was yesterday :)
to check if you have one or more look at your backup apps in the screenshot below.

Some larger backups that very much needed mulpiple apps to spread the load just to get incremental backups to complete in their window will see a problem,
Companies that did get an incremental only backup done in their backup window will continue to do so.
However onboarding and new full backup will be much slower now untill a work around is found.
Veeam have said in the KB that they are working on reducing the amount of API calls to help and a new version with these changes will be out soon. so if you are impacted best to move onto it as soon as you can.
