Price wars in the age of the cloud have largely been limited to virtual machines and a few of the more esoteric services that are not widely used. But a new report from 451 Research suggests that a price war involving cloud storage is now in the offing.
The market research firm is reporting that pricing for object-based storage has dropped more than 14 percent over the past 12 months. In comparison, 451 Research reports that virtual machine pricing has dropped only 5 percent over the same period. 451 Research is predicting that declines in cloud storage pricing will not only accelerate over the next 18 months, they will also be extended to other services such as databases.