Technology

UK Firms Struggle with Cloud Storage Costs

Many UK businesses are overspending on cloud storage due to high egress fees and complex billing models. Wasabi's research shows that nearly half of cloud budgets are spent on fees, leading companies to adopt hybrid storage solutions to manage costs and navigate anti-competitive practices.
Staff
Staff
1 min read

💸 Businesses are overspending on cloud storage due to high fees, says Wasabi report. 49% of costs are fees, not storage. Hybrid solutions are rising to control costs. #CloudSpending #TechRadar #BusinessNews

  1. Wasabi research reveals UK businesses face high egress fees, causing overspending on cloud storage budgets.
  2. 44% of firms are adopting hybrid cloud and on-prem solutions to manage costs.
  3. Complex pricing models stifle innovation and discourage switching providers.

Source: Staff, Techradar: Many businesses are overspending on their cloud storage budget.

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