Microsoft’s OneDrive has become a lot more attractive as the company has announced prices are being cut by 70%.
If you subscribe to Microsoft Office service, you will now get 1 TB of storage included. For those of you who are still content with your free space, Microsoft is tossing good news your way too. Starting today, all accounts now have 15 GB of free storage; this is double the previous free amount which was 7 GB, and matches Google Drive’s 15GB of free space.
The price cuts highlight that cloud storage prices are in a race to the bottom. The fact that Microsoft will cut prices by 70% shows that storage is cheap and at this point, cloud providers want users, and are willing to do whatever it takes to bring them in, even if that means cutting revenues.
The business case works as once you chose a cloud provider for storage, you are highly unlikely to switch. For Windows users, besides the additional free space, the added benefit of OneDrive is that it comes baked-in with Windows 8. Microsoft has made it available out of the box and when you tie it all in with your Microsoft account, setting up a new PC takes only a few seconds.