Cloud has become a non-negotiable service in modern business enterprises. Cloud service delivers computing services and resources over the Internet without requiring specific hardware or physical entities. The business can accumulate service, storage, network analysis, and software in one place.
The cost of cloud services heavily depends upon the types of services and time limit. In this blog, we have debriefed the cloud services and their costs.
Factors Affecting The Cost of Cloud Services
Multiple factors determine the cost of cloud services. Some of the key determinants of the factors affecting cloud services are:
1. Service Types
a. Infrastructure as a service(IaaS): IaaS is a cloud computing model that provides the facility of a physical premise virtually over the Internet.
b. Platform as a service(PaaS): Cloud service delivers the service of development platforms making deploying, coding, and managing applications easier.
c. Software as a service(SaaS): Software as a Service (SaaS) is a service of cloud computing where software applications are hosted and managed by a service provider and all the users over the internet can access them.
2. Resource Usage
a. Computer Resources: The cost of the cloud is determined by the use of computer resources, such as the number of virtual CPUs, core memory, and computer services.
b. Storage: The cloud is a storage service provider that can store huge sums of databases and files in one place. It defeats the cost of hardware and storing devices.
c. Bandwidth: Bandwidth refers to the amount of data transferred from the cloud to the outside world. Bandwidth charges depend upon the company’s policy and agreement.
3. Scalability
a. On Demand VS Reserved: Scalability is the flexible process of adding or removing resources based on the needs. The cost also scales up and down with the services used.
b. Auto-Scaling: It is a system that automatically adjusts its resources based on demand.
4. Data Transfer
a. Ingress and Congress cost: the data transferred in the cost are free of cost but the data transferred outside the price are usually free.
b. Cross-region traffic: the data transferred among regions and borders costs more money.
5. Other factors
- Cloud management and support
- Usage pattern
- Third-party integration
- Vendor-lock in
- Discount and coupon codes
What is the Cost For Cloud Services?
Here is the breakdown of the cost for cloud services depending upon the types of cloud services provided by the cloud service companies.
1. Amazon Web Service(AWS)
- AWS offers virtual machines with virtual machines with different power levels.
- A small instance-1 CPU and 1 GB RAM will cost about $7.50 per month.
- A medium instance-2 CPU and 8 GB RAM will cost you around $70 per month.
- Also, the cost of storage depends upon the gigabyte used.
2. Microsoft Azure
- A small instance- 1 vCPU and 1 GB RAM costs around $6 per month.
- A medium instance – 2 vCPU with 8 GB RAM rounds up to $70 per month.
3. Google Cloud
- A small instance costs around $7 per month.
- A medium instance costs about $110 per month.
4. IBM Cloud
- A small instance- 1 CPU with 2 GB RAM costs about $33 monthly.
- Similarly, other costs of cloud services may include the cost of storage and data transfer.
5. Oracle Cloud
- It costs $18 monthly for the small instance featuring a 1vCPU with 1 GB RAM.
- The price for a medium instance is $90 per month.
Also, note that the price depends upon the storage and data transfer services of the cloud.
Do you want to know more about cloud services provided by ThinkMove Solutions? Read our blog on cloud service providers.
ThinkMove Solutions – Your Trusted Cloud Partner
ThinkMove Solutions is the most trusted cloud service provider. They offer customized solutions to your cloud problems. Small, medium, and large-scale businesses can benefit from their cloud services.
ThinkMove Solutions offers cloud migration, security, storage, databases, network, and manymore cloud services. Some of the services provided by ThinkMove Solutions are:
1. Cost-Effective
ThinkMove Solutions provides cost-effective and efficient solutions and delivers cost-based quality services.
2. Scalable
The scalability feature provided by ThinkMove allows users to add or remove services to the cloud solutions.
3. Security
Your data and secrets are safe with ThinkMove Solutions because of their top-notch cloud services. The safety feature is a commitment with ThinkMoves Solutions.
Cut down the cost of cloud services with tailored solutions today! Contact Us
Conclusion
The cost of cloud services varies according to the services and types. ThinMove is your number one cloud service provider that delivers outstanding cloud solutions and IT suggestions. Do not let the cost of Cloud services frighten you because ThinkMove is customizable and scalable with a guarantee of cost-effectiveness.
FAQs on the Cost of Cloud Services
How much does cloud computing cost per month?
The cost of cloud services is categorized into computing, storage, and data transfer costs. It depends upon the types of cloud service.
What are the top 3 cloud services?
The top 3 cloud services as of now are Amazon Web Service (AWS), Microsoft Azure, and Google Cloud Provider(GCP).
Does it cost money to use the cloud?
Yes, it does cost money to use the cloud but cloud service providers also offer limited services free of cost.
Is it worth paying for the cloud?
Yes, it is worth it to pay for the cloud mostly because you only pay for what you use and do not have to spend a fortune on unnecessary costs.
What is a cloud service provider?
A cloud service provider is an external company offering storage, infrastructure, and application services over the Internet.
