In the cloud storage industry, we talk a lot about “price wars.” Every 6 months or so, one of the major cloud storage providers drop their prices, and everyone else follows suit. Well guess what?
Game over.
Perhaps you’ve heard Google dropped the cost to $0.026/GB per month for standard storage (GCS) and $0.020/GB per month for DRA (Durable Reduced Availability). Of course, there will still be more price drops here and there, but fundamentally we’ve reached the point where cloud storage has effectively been commoditized.