Cloud fees are rising, so bills will too, report claims
New research by Wasabi Technologies has claimed nine in 10 (92%) businesses are allocating more than half of their cloud storage budgets to fees, rather than actual storage capacity.
The news comes as most organizations (91%) expect to increase their budgets in 2024 despite more than half (53%) already exceeding their budgets in 2023, signifying not only the huge potential for the cloud industry but also the rising costs.
The report, based on a survey of more than 1,200 IT and storage decision-makers, quantifies the growing reliance on public cloud storage solutions.Cloud fees are just as expensive as actual storage
“European cloud storage users continue to struggle with storage fees, but despite this, the region continues to show a healthy preference towards cloud-first decision making when it comes to IT services adoption,” commendted Andrew Smith, senior manager of strategy and market intelligence at Wasabi.
