Microsoft just announced that it will increase the storage capacity for OneDrive for Business and the Office 365 ProPlus from 25 gigabytes to one terabyte. The firm also called out its major competitors in a blog post, saying they are unable to keep up with its products, according to TechCrunch.
The blog post said: "File sync and share solutions represent key capabilities that keep people on the same page and responsive. There are several solutions offered, many from companies that have sprung up to focus exclusively on this market... Few are prepared to meet the evolving needs of businesses looking for a holistic and comprehensive approach to meeting the full needs of their employees as they live a cloud first, mobile first workstyle."
Dropbox, one of Microsoft's rivals, is currently working on its growth in the corporate sector. However, Microsoft wants to prevent that from happening. So, it cut its storage fee, giving Dropbox and Box something else to worry about. These companies have long earned money through storage fees, the report explained.
Google and Yahoo have also been instrumental in the decrease of storage cost. Yahoo currently has a one-terabyte offering for storage on Flickr. Google, on the other hand, just recently made a huge price cut in its storage services, TechCrunch reported.
Join the Conversation