Amazon AWS Cloud pricing and costs
There are so many benefits to AWS cloud pricing. How many categories is it divided into? Here is a list; PAYG (pay as you go), Reserved capacity, and Volume-based discounts.
Pay as you go: AWS compares this to the method that customers use in paying for their utilities. Normally, we pay for services only because we use them and when we use them. They compare the costs procured when using on-premises to using AWS with the extra costs for underutilization in on-premises.
Reserved capacity: This tool is a common cloud concept that most people are familiar with. It entails the reservation of space for an important reason. For example, if you have an idea of the particular amount of storage that you'll be needing, you can as well save it for that time when you're ready to use it. Saving this would indeed reduce your costs. This can save you about 75% of the on-demand pricing on AWS. This is a great way to cut down minor charges on AWS.
Volume-based discounts: This depends on economies of sale. When looking at storage, the more you use, the less you pay.
Google Cloud Pricing (GCP) and costs
This also uses the PAYG model and doesn't involve any activation or termination fees. Your Google Cloud cost will also have some added benefits to it such as pre-emptible VM instances, per-second billing, committed-use discounts, and sustained-use discounts.
Microsoft's Azure Cloud Pricing and costs
Azure's Cloud pricing allows its users to reserve space before time, but they will be required to leave a one or three-year commission. However, these instances that you have reserved can be canceled at any time.
Azure provides similar benefits on their Cloud pricing such as lesser costs, reserved instances, etc.
Types of offerings
- General-purpose
- Compute-optimized
- Memory-optimized
- Accelerated computing