Google (GOOG) slashed Drive pricing last week to make its cloud-based storage platform more affordable to users. But will this price reduction yank users away from competitors like Dropbox, Box and Egnyte?
Our (unscientific) poll last week asked readers about the move -- and the results were close. The majority of respondents (55 percent) said Google's cut in storage pricing is not a good enough reason to become a Drive user.
While users may not immediately be pounding on Google's doors, there's still hope. A Google spokesperson told Talkin' Cloud that by making additional Drive storage more affordable, "everyone can start taking advantage of the benefits of the cloud."
"Cloud storage like Drive makes it possible for users to rest easy knowing that their important files -- from precious home videos to the weekly grocery list -- are safe, no matter where they are or what happens to their device," the spokesperson added.
The overcrowded cloud-based file sync and share space is continuing its momentum into 2014. LogMeIn (LOGM) recently released a business version of its Cubby cloud-based file sync and share product to help IT professionals with managing data. Earlier in the month, Box's revenue was projected to double to more than $200 million. And in February, Dropbox announced its most recent $350 million funding round, the Wall Street Journal (WSJ) reported.