Storage and Backup Software Market Report 2025

This Storage and Backup Software market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.

The storage and backup software market size has grown rapidly in recent years. It will grow from $32.9 billion in 2024 to $37 billion in 2025 at a compound annual growth rate (CAGR) of 12.5%. The growth in the historic period can be attributed to virtualization and cloud computing, enterprise it modernization, disaster recovery, data explosion, data security and compliance.

The storage and backup software market size is expected to see strong growth in the next few years. It will grow to $53.56 billion in 2029 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to hybrid and multi-cloud adoption, ransomware and cybersecurity threats, edge computing, data analytics and ai. Major trends in the forecast period include hybrid and multi-cloud strategies, artificial intelligence and machine learning, software-defined storage (sds), backup as a service (baas) and disaster recovery as a service (draas).

The storage and backup software market is expected to benefit from the increasing volume of data and heightened awareness among organizations regarding the need to back up and safeguard their data. Furthermore, the growing adoption of cloud-based technologies and the demand for storage and data protection across enterprises are driving the market's growth. It is estimated that over 72% of global enterprises will transition from on-premise data centers to cloud storage by 2022.

The growing adoption of cloud-based technologies is expected to drive the expansion of the storage and backup software market in the coming years. Cloud-based technologies refer to computing resources and services delivered over the internet (the cloud) on a subscription or pay-as-you-go basis. These technologies require efficient data management, protection, and disaster recovery solutions. The scalability, cost-effectiveness, and automation provided by cloud services, along with the need for data security and regulatory compliance, make storage and backup software crucial in this evolving environment. For example, in December 2023, Eurostat, a Luxembourg-based intergovernmental organization, reported that the share of enterprises purchasing cloud computing services increased by 4.2 percentage points in 2023 compared to 2021. Thus, the rising adoption of cloud-based technologies is driving the growth of the storage and backup software market.

An emerging trend in the storage and backup software market is the adoption of artificial intelligence (AI) applications that can generate, store, and protect data. AI-based applications possess the capability to independently create and verify the source of information before adding knowledge to a database. They also help refine database management policies, align data with database capabilities, and assess metadata across organizational storage infrastructure. For instance, a major vendor in the storage and backup software field, Commvault, introduced new backup and recovery software integrated with AI. This software enhances the efficiency and effectiveness of data backup and recovery by analyzing patterns and performance.

Leading companies in the storage and backup software market are developing hybrid and multi-cloud solutions for storage to gain a competitive advantage. Hybrid and multi-cloud strategies involve utilizing multiple cloud environments to meet an organization's computing and data storage requirements. For example, in November 2022, NetApp, Inc. launched BlueXP, a unified control plane designed for data storage and services in hybrid and multi-cloud environments. BlueXP streamlines operations and addresses the complexities of distributed IT and data management by offering unified storage management, integrated intelligence, and centralized management of flexible consumption models.

In October 2023, Veeam Software, a US-based software company, acquired Cirrus Backup CT4 for an undisclosed amount. This acquisition signifies Veeam's official entry into the rapidly expanding backup-as-a-service market, enabling the company to offer cloud-native backup solutions for Microsoft 365 and Azure. CT4 is an Australia-based provider of Cirrus backup software.

Storage and backup software is an application designed to store data, create duplicate copies to safeguard it, and ensure its recoverability in case of loss, damage, or malware infection. These applications enable users to back up files, databases, or entire systems to various storage locations, such as external drives, cloud storage, or dedicated backup servers.

The primary categories of storage and backup software include storage software and backup software. Backup software is specifically designed for creating copies of files, folders, documents, and various data types present on computers or servers. This software can be deployed using both cloud-based and on-premise methods and is utilized by a diverse range of end-users, including those in the banking, financial services and insurance (BFSI) sector, telecommunications, consumer goods and retail, media and entertainment, healthcare and life sciences, as well as government organizations.

The storage and backup software market research report is one of a series of new reports that provides storage and backup software market statistics, including storage and backup software industry global market size, regional shares, competitors with storage and backup software market share, detailed storage and backup software market segments, market trends and opportunities, and any further data you may need to thrive in the storage and backup software industry. This storage and backup software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Major companies operating in the storage and backup software market include Dell Inc., Hewlett Packard Enterprise Company, Netapp Inc., Hitachi ltd., Huawei Technologies Co Ltd., International Business Machines Corporation, Toshiba Corporation, Pure Storage Inc., Nutanix Inc., Micron Technology Inc., Tintri Inc., Quest Software Inc., Cloudian Inc., Vembu Technologies Pvt Ltd., Quantum Corporation, OwnBackup, Samsung Electronics Co Ltd., Fujitsu Ltd., Vmware Inc., Cohesity Inc., Nexenta, Netgear Inc., Inspur Group, Oracle Corporation, Acronis International GmbH, Commvault, CA Technologies Inc., Syspro Technologies, Brightpearl Limited, CloudAlly.

Asia-Pacific was the largest region in the storage and backup software market in 2024. North America was the second largest region if the storage and backup software market. The regions covered in the storage and backup software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the storage and backup software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA,Canada, Italy, Spain.

The storage and backup software market includes revenues earned by entities by developing and distributing software, which provides users and programmers with a systematic way to create, retrieve, update and manage data. This software allows users to read, update and delete data, which can then be fetched directly and/or through programmatic access. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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