IBM has announced price increases for a wide range of its storage products, expected to take effect from 2023.
Customers in the UK, Canada, Japan, much of mainland Europe and many parts of North Africa and the Caribbean are expected to see cost increases, but US users may remain unchanged.
Customers in these regions can expect to pay between 5% and 10%. business servers such as FlashSystem 5000 and FlashSystem 7000, as well as IBM Elastic Storage System (ESS), IBM SAN Volume Controller, and IBM Cloud Object Storage (COS).
Why the movement?
IBM has yet to give an exact reason for the changes, but the price increase appears to be largely in line with the rapid global inflation seen so far in 2022, which the World Economic Forum predicts will be around 8.8% for the full year.
You can go to the IBM website for a full summary of the changes here.
This news comes as IBM continues to expand its storage portfolio.
The tech giant has launched a new LTO format offering that apparently provides up to 27 petabytes (PB) of capacity in a single rack, aimed at hyperscalers looking to aggregate massive customer data sets.
IBM, dubbed The Diamondback Tape Library, promoted the cybersecurity benefits of this solution as it uses tape storage to create a physical “air gap”, keeping data offline and backing it up from online threats.
- Do you want to reduce storage costs? Check out our guide to the best cloud storage solutions