Armonk-headquartered IBM (NYSE:IBM) is hiking the costs of its cloud services by up to 26% beginning in January.
According to a report by the tech news site CIO.com, the increased prices will impact the company”™s infrastructure-as-a-service (IaaS) and platform-as-a-service (PaaS) offerings. IBM PaaS services, which are poised to experience 3% price hike globally, include the company”™s IBM”™s Kubernetes Services, RedHat OpenShift, all security services, and all cloud database offerings including Message Hub, Cloudant, and SQL query services.
As for the IaaS offerings the price hikes will be applied to bare metal servers, virtual server instances, file and block storage, and networking infrastructure for both classic and virtual private cloud (VPC) offerings. However, IBM stated that except for its Cloud Object Storage costs, the IaaS prices will only increase international data centers customers and not for their U.S. counterparts.
CIO.com also noted that IBM is not alone in the tech sector for price hikes ”“ other vendors including Microsoft and Salesforce increased prices for products and services in the wake of elevated inflation and rising workforce costs.
