New discounts make smaller storage allotments cheaper, with the most significant drop in price being at the 50 to 400 TB level that went from $0.14 to $0.11 per GB.
(WEB HOST INDUSTRY REVIEW) — Cloud computing company Amazon Web Services (aws.amazon.com) has reduced the prices for its cloud storage service Amazon S3 (aws.amazon.com/s3), making not only cloud storage a more enticing alternative to buying hard storage, but also lowering the cost for those already storing data on the cloud.
According to AWS’ Monday announcement, the cost of storage will be up to 19 percent less than before, effective November 1, 2010. There’s a new pricing tier at the 1 TB level, and the current 50 to 100 TB tier has been removed, effectively extending the volume discounts to more Amazon S3 customers.
Amazon S3 provides virtually limitless scalability, “eleven nines” (99.999999999 percent) of durability, and the choice of four distinct geographic locations for data storage.
The new prices apply to standard storage in the US Standard, EU – Ireland, and APAC – Singapore regions.
The discounts a skewed towards making smaller storage allotments cheaper, starting with the first 1 TB now being $0.14 per GB, down from $0.15 before. The most significant drop in price is at the 50 to 400 TB level, which went from $0.14 to $0.11 per GB.
Amazon’s Reduced Redundancy storage (that provides 99.99 percent durability rather than eleven nines) will continue to be two-thirds the price of standard storage in all regions.
Price reductions have been significant for Amazon customers, and organizations that have built solutions that use Amazon to support their products.
The cloud computing provider has been lowering the price of its computing, which some say coincides with the inevitable downward shift in the price of computing.
In September, for instance, Amazon Web Services launched “Micro Instances,” offering a low price option for running lower throughput applications and websites that consume significant compute cycles only periodically.
Earlier this year, Amazon Web Services reduced the price for its content delivery network service, CloudFront, by 25 percent across the board, meaning that 10,000 requests now cost only $0.0075.
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