IBM has announced that it will be increasing the prices of its cloud infrastructure and platform services in January 2024. The price increases will range from 3% to 26%, depending on the service and location.
In the PaaS category, prices for IBM Cloud services will get a 3% bump globally. The category encompasses the firm’s Kubernetes services and Red Hat OpenShift, all security services, and platform data solutions, including Cloud Database, Data Engine and Cloudant.
IaaS rates will vary by data center location, but cloud customers in every region will be impacted by certain data storage price increases. IBM Cloud Object Storage will see some of the sharpest rate hikes, with Accelerated Archive and Deep Archive storage increasing by 25% and 26% respectively.
IBM’s IaaS rate increases will not affect workloads running in its U.S. data centers, located in Dallas, Washington D.C. and San Jose, California. However, rates for the Sao Paulo data center in Brazil will effectively increase by 7.5%, London will see a 5.6% bump and prices at the company’s two data centers in Canada are scheduled for a 2.9% rate hike.
The price increases are being implemented to help IBM cover the rising costs of operating its cloud infrastructure. The company said that it has been investing heavily in its cloud business in recent years, and that the price increases are necessary to ensure that it can continue to offer a high-quality service.
IBM customers who are affected by the price increases will be notified in advance.
The sources for this piece include an article in CIODIVE.