Google Drive Drops Prices: 100 GB For Just $2 Per Month!
It was just recently that we were talking about cheap solutions for startups that want to move their file systems to the cloud. The conclusion was that Microsoft OneDrive was the cheapest solution out there, offering 50 GB for just $25 a year and 100 GB for just $50 a year. Google Drive came in a close second, by offering 100 GB for $4.99 a month, adding up to $55 a year, a mere $5 dollar difference from Microsoft’s solution.
It was just recently that the tables have turned when Google announced that they were dropping prices drastically. Apart from the 15 GB they are still offering for free, their 100 GB offer is now just $1.99.
They dropped the price by more than 50%, and by doing so they’ve moved into the lead which means excellent news for startups. The 1TB package is also down – and this has been less advertised by news outlets this week – to just $9.99 per month, down from $49.99 a month. This means that you can now get 1 TB of storage for the price you would have paid for 200GB just a week ago. All plans have been automatically adjusted to the new prices, so you don’t have to go asking for the price drop yourself.
The announcement from Google (available here) makes it all crystal clear:
We’ve lowered the price of our monthly storage plans to $1.99 for 100GB (previously $4.99), $9.99 for 1TB (previously $49.99), and $99.99 for 10TB, with even more storage available if you need it. How big is a terabyte anyway? Well, that’s enough storage for you to take a selfie twice a day for the next 200 years and still have room left over for… shall we say… less important things. Like before, storage continues to work across Drive, Gmail and Google+ Photos. And, of course, the 15GB plan remains free.
This might be seen as having two implications for the cloud storage solutions: first, this marks the lowest price for a terabyte of cloud storage seen so far. Secondly, this might hopefully inspire the other players to drop their prices as well, triggering a competition that would ultimately drive the prices lower and lower. The ball is now in Microsoft’s and Dropbox’s courts, and a market watcher would want to see their prices in the near future.
By Andrei Maguleanu
- Bank of Korea Predicts Growth of FinTech Industry in South Korea - January 20, 2017
- ServiceNow Acquires Machine-Learning Company, DxContinuum - January 18, 2017
- Cisco Introduces New Data and Analytics Training Portfolio - January 17, 2017
- Oracle opens start-up accelerator in Israel for cloud innovation - January 16, 2017
- BCG Survey Names 50 Most Innovative Companies - January 12, 2017