Organizations are increasingly adopting cloud storage to tackle the challenges posed by an unpredictable economy, a distributed workforce, and the demand for enhanced employee and customer experiences. A report by Virtana reveals that 94% of IT leaders have noted rising cloud storage costs, with 54% stating these costs are growing faster than other cloud expenses. A significant contributor to these escalating costs is egress fees.
Understanding Egress Cost
Egress costs are charges that cloud providers impose for transferring data out of their cloud storage services. These costs are different from the fees for storing and computing data. While cloud storage has historically been more cost-effective than maintaining on-premises infrastructure, the popularity of cloud services has brought to light the substantial expense associated with data egress.
Egress, the process of retrieving data from cloud storage, often incurs a ‘tax’ from cloud providers, potentially hindering organizations from fully leveraging the benefits of cloud storage and increasing overall IT costs.
Cloud Providers and Cloud Storage Costs
Generally, data entering cloud storage (ingress) is free, while data exiting (egress) incurs charges beyond the provider’s free tier. These fees can be complex and unpredictable, requiring specialized knowledge to understand the specific charges.
Egress fees vary based on several factors such as:
- Customer tier and subscription type
- Volume of data transferred per month
- Originating region
- Data source and destination
- Requests for failover controls
- Data transfer acceleration
For instance, Amazon Web Services (AWS) charges up to $0.09 per gigabyte transferred. For AWS S3 users, calculating egress charges can be challenging. Here’s how you can use AWS’ native billing tools to see your egress fees:
- Log into your payer account: Access your AWS master payer account with consolidated billing enabled. Navigate to the billing and cost management section from the services menu.
- Access Cost Explorer: Select Cost Explorer from the left menu. Adjust the date range as needed, filter by Service (S3), and then filter by Usage type group (S3: Data Transfer -Internet (Out)). Apply these filters.
- Analyze your spend: Review the graph and data showing your egress fees. You can group the results by Linked Account, Tag, etc., to identify which accounts or workloads are driving the highest costs. Download the report and share it with key decision-makers for better visibility into egress charges.
Avoid Cloud Storage Costs with Wasabi
With Wasabi, you can eliminate egress and other hidden costs associated with your object storage. Wasabi Hot Cloud Storage offers a universal, streamlined solution that is both cost-effective and high performing. Designed for versatile use, Wasabi ensures fast write and read speeds with immediate availability.
Switch to Wasabi from ZNetLive and enjoy a cloud storage solution that is 80% more cost-effective than others, significantly reducing your cloud storage costs.
Advantages of Choosing Wasabi
- Competitive pricing
- Simplicity, predictability, and affordability
- Billing in Indian currency
- 24×7 India helpdesk support
Ready to make the switch?
Explore Wasabi Cloud Storage plans today and discover an affordable solution without the egress headache. Whether you’re a startup scaling rapidly or an enterprise optimizing IT spend, Wasabi offers reliability and affordability at every scale.
Explore our Wasabi Cloud Storage plans and start saving today at just ₹0.6/GB.
Read next: Top 6 VMware alternatives to consider in 2024 and beyond
