Installing package Transport Error: Error 1935.An error occurred during the installation of assembly component

When Veeam Backup & Replication attempts to install the Veeam Transport package (VeeamTransport.msiC:\Program Files\Veeam\Backup and Replication\Backup\Packages\VeeamTransport.msi) the package fails to install, and the following errors may be displayed in the UI:

Installing package Transport Error: Error 1935.An error occurred during the installation of assembly component {98CB24AD-52FB-DB5F-A01F-C8B3B9A1E18E}. HRESULT: 0x80070543. 

Failed to install or upgrade packages: Error 1935.An error occurred during the installation of assembly component {98CB24AD-52FB-DB5F-A01F-C8B3B9A1E18E}. HRESULT: 0x80070543. 

Failed to save Microsoft Windows server: Error 1935.An error occurred during the installation of assembly component {98CB24AD-52FB-DB5F-A01F-C8B3B9A1E18E}. HRESULT: 0x80070543. 

Infrastructure item save failed Error: Error 1935.An error occurred during the installation of assembly component {98CB24AD-52FB-DB5F-A01F-C8B3B9A1E18E}. HRESULT: 0x80070543. 

1. Ensure that no Antivirus or Security software is interfering with the installation.
   
   The VeeamTransport.msi file will be uploaded to the following folder in the remote Windows machine:
   C:\Windows\Veeam\Backup\Upload\
2. Check that the account being used to communicate with the remote machine is a member of the Local Administrators group on the affected machine.
3. Check the DCOM communication properties:
   1. Run: dcomcnfg.exe
   2. In the console tree, expand Component Services and then expand Computers.
   3. Right-click on My Computer and click Properties.
   4. Within the My Computer Properties window, switch to the Default Properties tab.
   5. Confirm settings are system default:
      • Default Authentication Level — Connect.
      • Default Impersonation Level — Identify
   6. Save settings and close DCOM Manager.