As cloud costs continue to rise, IT administrators are re-evaluating their cloud investments, with major providers like AWS, Microsoft, and Google increasing prices. The Cost of Cloud 2024, our latest white paper, reveals that over a third of organizations surveyed feel their cloud migration hasn't delivered the promised cost-effectiveness, and more than half have seen their cloud bills increase.
The Register recently featured details from our white paper, highlighting significant price hikes among the hyperscalers. For example, the cost of a basic 3-node cluster with 200GB of Persistent Volume and 5TB of data transfer on Microsoft Azure increased from $1,278.58 in 2022 to $1,458.68 in 2024. Similar trends were observed with Google and AWS, leading many to question the value proposition as prices rise without corresponding service improvements.
The Cost of Cloud 2024 emphasizes the need for transparency in pricing. Responding to claims of cherry-picking, a Civo spokesperson explained:
"The configuration we used – a three-node cluster with 200GB Persistent Volume and 5TB data transfer – is one we've found to be commonly selected by our diverse customer base. While we understand that no single setup can represent every use case perfectly, we believe this configuration offers a helpful reference point for many potential customers."
As cloud costs continue to rise, our white paper and its coverage in The Register underscores the need for businesses to carefully evaluate their cloud spending and stay mindful of potential vendor lock-in. To explore these findings in detail, you can read The Cost of Cloud 2024 here, and check out The Register's article here.