The war on cloud pricing: Object storage moves into the mainstreamApril 24, 2017
Grazed from ITBrief. Author: Julia Gabel.
The latest analysis on cloud pricing by 451 Research highlights that the cloud price battle field has shifted from virtual machines (VMs) to object storage. And the firm predicts that other services, particularly databases, will undergo the same pricing pressures over the next 18 months. 451 Research says that virtual machines have been the traditional battleground for price cuts as providers seek to gain attention and differentiation.
But now, the tide has turned as object storage pricing declines, including a drop of 14% over the past 12 months. For comparison, the cloud mainstay of virtual machines has dropped a relatively small 5% over the same period. The analysts believe that the move of price cuts beyond compute is due to market maturity. Other factors include increasing cloud-native development and faith in the cloud model, as well as a competitive scrum to capture data migrating out of on-premises infrastructure…
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