Backup & Archival Software: Market Size & Forecast 2026

The global backup and archival software market sits at approximately USD 12.4 billion in 2025 (base year), expanding at a 9.2 percent CAGR through 2032 to reach roughly USD 23 billion. Software licensing and cloud subscriptions account for 55 percent of category spend, with enterprise IT operations representing 42 percent of end-use demand. The market sits in a structurally tight balance between accelerating data volumes driven by AI workloads, intensifying ransomware threats, and a supplier base that has consolidated sharply following the Cohesity-Veritas merger completed in December 2024. > **Analyst Take.** The Cohesity-Veritas merger closed in December 2024, but the channel is still absorbing the repositioning of NetBackup and Backup Exec under the Arctera spinoff. Buyers with expiring Veritas or Cohesity contracts in 2026 hold unusual leverage to reset pricing and SLAs before the in

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