Companies migrate their applications to the cloud for multiple benefits. “Cost” is one of them. You might have heard both opinions about cloud pricing. Cloud is cheaper or Cloud is expensive. Interestingly both opinions are wrong. Cloud cost is dependent on multiple factors like architecture design, country you hosted, frequency of execution, etc.
Cloud providers offer multiple pricing models and different ways to save the cost. “On-demand” is the most popular and default pricing model. You only pay for what you use. THis is perfect for in-frequent and short-term usage, but it may become expensive in the longer run.
If you are ready to commit for a long term and reserve instances, there are saving plans. The beauty of cloud pricing model is you can start with On-demand services and if it becomes expensive, you can move to saving plans at any time.
All cloud providers offer their own calculators to estimate the cost even before you subscribe.
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