Cloud pricing “starting to stabilise” after continued cuts, research argues

January 14, 2016 Off By David

Grazed from CloudTech. Author: James Bourne.

The start of any year is always a good time to take stock, inspect the landscape, and see where the puck is moving. That is exactly what Tariff Consultancy (TCL) has done, with the company’s latest cloud pricing report revealing that while enterprise cloud computing prices have dropped by two thirds on average since 2014, the race to the bottom is finally letting up.

The report, entitled ‘Pricing the Cloud 2 – 2016 to 2020’, assessed a total of 24 vendors, including Microsoft, Amazon Web Services, and Google, and cited the former two as a reason for stability in public cloud pricing. Price drops continue to fuel cloud adoption, but the landscape is different to 2014. Back then, both companies were offering free initial tier compute instances; now, free elements only come as part of promotional periods, or to entice customers in to paid options…

According to TCL, the average entry level cloud computing instance is now at $0.12 USD per hour (£0.08), and argues the range of pricing has narrowed in the past two years. The consultancy firm also anticipates that revenues for public cloud services will rise to approximately $82 billion (£56.8bn)…

Read more from the source @ http://www.cloudcomputing-news.net/news/2016/jan/14/cloud-pricing-starting-stabilise-after-continued-cuts-research-argues/