Economic Validation: Analyzing the Economic Benefits of Backblaze B2 Cloud Storage

Backblaze, Inc. announced the release of an independent 3rd-party economic validation report conducted by Informa TechTarget’s Enterprise Strategy Group (ESG).

The report confirms that Backblaze B2 Cloud Storage delivers significant reduction in TCO compared to legacy hyperscalers. In addition to more predictable pricing and cost savings, Backblaze B2 also enables operational simplicity and improved business agility, with up to 92% less time and effort to manage data, and reduced risk through its enterprise-grade, secure, and compliant platform.

The ESG analysis, titled Economic Validation: Analyzing the Economic Benefits of Backblaze B2 Cloud Storage, validates the affordability and operational advantages of Backblaze B2, including its transparent pricing model, 3x free egress, significantly lower TCO, and simplified storage operations when compared to solutions from alternative cloud storage providers.

Specifically, ESG report validated these benefits of Backblaze B2:

Up to 3.2x lower TCO
Up to 56% lower monthly storage cost
Up to 92% less time and effort to manage data
Up to 100% lower cost of downloads and transactions
Up to 91% savings on cloud to cloud (C2C) migration costs

The report also highlighted Backblaze’s migration advantages, with organizations achieving up to 89% savings on data migration from on-premises environments and up to 91% savings on cloud-to-cloud migrations.

All these benefits were validated across all use cases for Backblaze B2, including hosting content, developing and running applications, storage for AI models, managing media, backing up and archiving data, and protecting against ransomware.

Marc Suidan, CFO, Backblaze, said, “When enterprises can reduce their total storage costs by more than a third while eliminating complex tier management, businesses can innovate by re-investing the savings to fund expansions, speeding development, and ultimately improving their bottom line. With 3x free egress and a lower monthly storage cost, enterprises can more easily access and leverage their data – free from vendor lock-in.”

Resource:
Read the full ESG report (PDF)