Cloud Storage Costs Are Spiraling And IT Leaders Are Demanding Change
Techstrong ITSM, Thursday, March 6th, 2025
Cloud storage costs are proving to be an ongoing challenge for IT leaders, with unexpected fees and budget overruns slowing down business operations.
According to Wasabi's 2025 Global Cloud Storage Index, 62% of organizations exceeded their planned cloud storage budgets last year, and 56% reported IT or business delays due to storage-related fees.
Although cloud storage pricing and fee structures may continue to simplify, large hyperscalers dominating the market haven't shown much willingness to change.
'As a result, many organizations are embracing multiple cloud storage providers to create their own economics instead of waiting for their provider to lower prices or minimize fees,' said Andrew Smith, director of strategy and market Intelligence at Wasabi.