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? link
So just how low can the cost of storage get? Here’s a list of other common online storage providers.
Looking at the figures, OneDrive from Microsoft is still able to compete with Google Drive if you are considering to get only the 100GB storage. but who uses OneDrive right?
The magic comes when you are looking for 1TB of storage space, the price you pay for Dropbox premium (100GB?), you can now have 1TB on Google Drive. From an economist’s point of view, that’s a no brainer. But humans are irrational, for example I love Apple products, even when Google Android comes up with a better phone in term of hardware and software, I still go for Apple products.
If you have concerns regarding privacy or Google using the storage data. 🙂 Not to worry, because:
- Once you put your stuff on a cloud storage provider, you have no control of data, the provider can do anything and you would not know.
As for features – eventually, all providers would have same features.
Dropbox gained traction because it integrated seamless onto our machines while the rest were still about uploading and downloading from a web app. Now, almost all major providers all have their app integrated into our machines.
If you run a small business and you are in need of large storage space, I would certainly go for it. Furthermore with the recent add-ons for Docs and Sheets in Drive, it just makes the deal much more wholesome.
Or you can choose to sit out a while and see how the rest of the online storage providers react to Google Drive cut throat pricing. If all of them lower the prices, we the consumers will benefit.
This move by Google also reminds me of a business strategy: Low Cost Leadership, which Amazon is doing a great job with it, using it ability to price at a low price and kill off it competitors. Google might be thinking the same…