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 remains far costlier at $99.99 for one terabyte of data. Shortly after, Microsoft announced it would expand to one terabyte 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.