Amazon has dropped the price of its cloud storage offering, as it passes cost savings back to its customers
In a 6 February blog post, Amazon Web Service evangelist Jeff Barr announced a new series of price reductions for the S3 service, noting that AWS continues to innovate on its customers’ behalf to drive down storage costs and pass the saving back to the customer base.
“With this price change, all Amazon S3 standard storage customers will see a significant reduction in their storage costs,” Barr said in his post. “For instance, if you store 50TB of data on average, you will see a 12% reduction in your storage costs, and if you store 500TB of data on average, you will see a 13.5% reduction in your storage costs.”
Barr said effective 1 February, 2012, the following prices are in effect for Amazon S3 standard storage in the US Standard region:
|Storage||Old (GB / Month)||New (GB / Month)|
|Next 4000TB||$0.080||$0.080 (no change)|
|Over 5000TB||$0.055||$0.055 (no change)|
“It might be useful for you to remember that an added advantage of using a cloud storage service such as Amazon S3 over using your own on-premise storage is that with cloud storage, the price reductions that we regularly roll out apply not only to any new storage that you might add but also to the existing storage that you have,” Barr said. “This could amount to considerable financial savings for many of you.”
Meanwhile, in a 30 January post, Barr cited the significant growth in objects stored on S3 between 2010 and 2011. Barr said that as of the end of 2011, there were 762 billion objects in Amazon S3. “We process over 500,000 requests per second for these objects at peak times,” he said.
This spike in storage represents year-over-year growth of 192 percent, Barr said.
Moreover, S3 grew faster last year than it did in any year since it launched in 2006, he said.