Microsoft has announced its plans to match Amazon’s Web Services’ (AWS) price reduction, as the AWS cloud provider prepares to reduce its prices for Simple Storage Service (S3) and Elastic Book Store (EBS) by up to 22 per cent.

In addition Microsoft has revealed that it will reduce the cost of its Azure Storage platform by 50 per cent.

The Microsoft cuts are expected to come into form by March 13th, while the Amazon cuts are due to be in place by February 1st.

"We're also making the new prices effective worldwide, which means that Azure storage will be less expensive than AWS in many regions," stated Microsoft.

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