After the start of the war in Ukraine, the energy costs have increased significantly after the sanctions of many states against Russia. Countries that need natural gas purchased from Russia for electricity generation are facing an energy crisis, especially in this period as we approach the winter months.
The energy crisis also negatively affects data storage services.
According to the latest reports, bills in Europe have increased by 50 percent. In the midst of such an energy crisis, it is clear that data centers will also be adversely affected. The cost increase in cloud storage centers will undoubtedly reflect on customers.
Last year, the central cloud services provider M247, located in Manchester, England, increased prices by 161 percent. France-based cloud providers OVHcloud and Germany-based Hetzner also stated that they will make a 10 percent increase in the statement they made recently.
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We seem to have entered a period of increase in cloud storage services, whose prices have decreased worldwide since the first time they were released. Google Cloud stated that they increased their prices in a statement made in March. Increasing costs with inflation push companies to take such measures, unfortunately.
It is estimated that 2023 will be a difficult year for most European-based cloud storage services. For these companies, energy costs make up a sizable percentage of the overall cost of sales. Due to the tension with Russia, the costs are not expected to decrease any time soon.
While most companies complained about rising costs, Microsoft was one of them. According to the statement made by the technology giant, the company has faced additional energy costs of over $800 million this year. Microsoft stated that they had to take various measures in this regard.
While the whole world is struggling with inflation, the energy crisis caused by the Russia-Ukraine war has doubled the problems. So what do you think about possible hikes in cloud storage services? You can share your views with us in the comments section.