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How Low Will Online Storage Costs Finally Go?
Posted By Mark O'Neill On March 24, 2014 @ 10:30 am In Technology Trends | 22 Comments
There was a time when cloud storage was seen as a passing fad, not destined to last long. But in fact, the opposite has happened, with everyone embracing it for their files, and shunning the computer hard-drive. And now, online storage costs are plummeting fast, which is good news for businesses.
There’s no better example of this than Google’s recent announcement  that it’s slashing  the cost of its Drive storage. The price for 1 terabyte of data dropped from $49.99 a month to just $9.99 a month. (No, that is not a typo.) 100 gigabytes went right down to $1.99 a month, which is definitely affordable on any budget.
As ReadWrite comments , a whole terabyte of data would have been unthinkable less than a decade ago. Just the very idea of it would have been unbelievable or laughable. But now Google is offering you exactly that for a mere $10. And Techcrunch points out  that Google is probably offering these prices to get people onto the Drive platform where its productivity apps reside.
This, of course, puts a serious squeeze on rivals such as Dropbox, OneDrive, and Box. Until Google’s announcement, OneDrive was barely in the lead, price-wise, ahead of the other services. Now it has been caught wrong-footed, just weeks after the rebranding of the service formerly known as Skydrive .
If your business needs storage space in the cloud, then your options continue to expand. There are a whole variety of cloud storage options  to consider. And lower costs aren’t the only benefit to be looking out for. For example, companies like Dropbox are rapidly enhancing their features with the ability to manage accounts across multiple devices. There’s also the option to support multiple accounts easily  for business and personal use .
While these features are extremely useful, Dropbox’s cause isn’t helped by its high prices , in comparison to its rivals. CNET argues however  that it is only a matter of time before the other cloud services respond to Google’s business strategy of slashing prices to pennies.
So if you think that your favorite cloud storage service is currently too expensive, then be patient. You may see that price tumbling before you know it. And often, paying the whole year up-front gives you a further 15%-20% off. They’re practically giving it away.
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URL to article: http://smallbiztrends.com/2014/03/low-online-storage-costs.html
URLs in this post:
 recent announcement: http://googledrive.blogspot.com/2014/03/save-more-with-google-drive.html
 slashing: https://www.google.com/settings/storage
 As ReadWrite comments: http://readwrite.com/2014/03/17/google-drive-pricing-plans-drop-cloud-rivals-breakdown#awesm=~oyZcdpH3D9ep6L
 Techcrunch points out: http://techcrunch.com/2014/03/16/with-its-massive-price-cut-for-drive-google-goes-on-the-offensive/
 the rebranding of the service formerly known as Skydrive: http://smallbiztrends.com/2014/02/microsoft-launches-onedrive.html
 are a whole variety of cloud storage options: http://smallbiztrends.com/2014/03/top-ten-cloud-storage-services.html
 support multiple accounts easily: http://www.theverge.com/2014/3/18/5522594/dropbox-will-soon-let-you-switch-between-work-and-personal-accounts
 business and personal use: https://www.dropbox.com/business/two-dropboxes
 by its high prices: https://www.dropbox.com/plans
 CNET argues however: http://news.cnet.com/8301-1023_3-57620324-93/why-googles-price-cut-made-the-consumer-cloud-biz-a-lot-cloudier/