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Cloud Providers Expected to Raise Prices in Europe, But US Spared for Now

By ET Bureau - November 08, 2022 1 Mins Read

According to a recent Canalys report, AWS, Microsoft, and Google will increase cloud prices in Europe by 30% as a result of inflation fueled by rising energy prices.

According to Alex Smith, VP and department head of the channels research department at the technology research firm, increases of that magnitude are not anticipated in the U.S., where oil and natural gas prices are lower. The U.S. market faces greater management challenges due to wage pressures and rising interest rates, according to Smith.

Global economic pressures have slowed hyperscalers’ growth, and this trend is likely to continue as long as the current macroeconomic situation exists. This has led businesses to look for ways to reduce their budgets.

Read More: Cloud providers expected to raise prices in Europe, but US spared for now

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ET Bureau

The Enterprise talk Bureau has five well-trained writers and journalists, well versed in B2B enterprise technology industry, and constantly in touch with industry leaders for the latest trends, opinions, and other inputs- to bring you the best and latest in the domain.

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