According to Cognitive Market Research, the global data archiving software market size was USD 8425.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 11.80% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 3370.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 2527.56 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 1937.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.8% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 421.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.2% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 168.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.5% from 2024 to 2031.
The cloud-based category is the fastest growing segment of the data archiving software industry
