Cloud Backup Pricing Models

The secret behind the success of cloud backup technology lies in the fact that it has molded itself to fit the wide diversity of users. There are lots of recopies that goes into making it a perfect dish that is liked by one and all, but the biggest ingredient of this magic taste is its pricing. The cloud backup technology comes with a diversified and very attractive price tags which makes it a must have for be it a home user wanting t back up his holiday photos to the biggest law firms trying wanting to secure their critical legal essays. Here in this article, we try to dig up in the various trends in the pricing models offered by the cloud backup technology providers.

FREEMIUMS – There is no better way to know about a product then to try out its free samples and the backup firms seems to understand that very well. Most of the major firms provide free storage spaces, which best of all is inclusive of all the premium services. DROPBOX offers 2GB (with 500MB added per referral), IDRIVE offers 5GB and GOOGLE DRIVE upto 10GB*.  These freemium services are like product sample, you use it and judge it. Most of the companies usually don’t cut any slack and provides all the services they have in their armor.

PREMIUMS – The best thing in the world never comes for free. Free services can only be upto a few gigabytes, but if you are really looking for some functional use, you have to shell out some bucks. The premium service model is highly diversified with each service provider claiming to offer a very unique model of its own. However, among these vast diversities, there are some underlying similarities which we shall analyse here.

Buying premium plans are like renting storage spaces. These rentals come in both monthly and yearly plans. For instance, DROPBOX offers 50GB for for $9.99 a month and $99 a year. For 100 GB, the cost almost doubles for both the monthly and yearly schemes. IDRIVE offers 150GB for $4.99 a month and $50 a year. The price difference among the service providers is huge. But as a word of caution, while making a purchase, don’t judge on the price tag alone, the offerings of two companies are very different from each other. For instance, a service provider may ask for a lower price but shall not give you the power of sharing  among peers. This might cripple the functioning of a work group. Also, though it may seem that the monthly schemes are costlier than the early schemes, but if you are backing up data which is very dynamic in nature, i.e. whose size keeps oscillating, the monthly plans might actually prove a lot cheaper. But in case if you are looking in for store and forget basis, the yearly plans will be the best options to pick up.

Cloud Backup technology, in large parts derives its utility from pay s you go model. There are some providers which have taken this cloud backup pricingmodel to the next level. A very good example of it is jungle disc. In jungle disc, the user has to pay an initial sign up amount and then pays for per GB per month. Such models can help a lot if the amount of data goes up and down continuously as it makes sure that at any given time, you are only paying for exactly how much you use.

Amazon S3 also works on similar model. Here you pay per GB for every TB.  For instance, for every GB you store under a total of 1 TB, you are charged $0.125 a month, for an amount greater than 1TB upto 49 TB, every GB costs around $0.110. The price per GB steeps down for higher amount of data saved.

The pricing model of cloud backup technology is pretty much analogus to that of cellular companies. There are many service providers each providing many plans to suit the many users.

A major function of cloud backup technology is to provide easy and hassle free sharing. A large number of service providers have special plans targeted towards workgroups. For example MOZY and DROPBOX have a special plan that allows users to share data among their peers. Two kinds of pricing models are adopted here. The first is the fixed buy up of storage space. Here the workgroup as a whole purchases storage space. In some cases, the number of users remains fixed however, in some cases it is open. There is usually no restriction in this model upon how much space an individual can occupy. In the second pricing model, a group of four or five users together buy up storage space. The storage space per user is bounded in these plans, however, any number of users, each who have to buy up spaces individually can connect to the work group.