Dropbox on Wednesday lifted the lid on its latest business-focused storage plan, which promises to offer one terabyte of data for less than ten bucks.
The Silicon Valley-based company raises the bar in the already lucrative and highly competitive cloud storage space.
The bump in space — tenfold from the existing 100 gigabytes for $9.99 — will likely make it increasingly difficult for Dropbox's rivals, albeit not impossible, to compete.
Prices for cloud storage remain close. Dropbox's news comes at a time when competition continues in a near-constant game of oneupmanship. Google in April cut its cloud storage prices, but remainsfor one terabyte of data. Shortly after, Microsoft for its business customers. Meanwhile, Amazon seemingly every month reduces its cloud storage prices — even if it is by a few cents at a time.
Dropbox's cloud storage and sync service also offers 256-bit AES and SSL encryption for those requiring strong security, scoring the full six-points on the Electronic Frontier Foundation's list of companies that comply with high privacy standards.