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          The Rise and Fall of Spot Instance Pricing in 2023

          A comparative analysis of AWS, Azure, and GCP

          When looking across the three main clouds, we find that on aggregate, worldwide, the following is true: 

          Azure: 108.01%
          AWS: 21.09%
          GCP: -25.95%

          Azure spot VM prices have led the way with a 108% increase from 2022 to 2023.

          With a rise of 21%, AWS comes second. GCP bucked the trend with a nearly 26% decrease in spot VM prices. 


          Our analysis revealed some intriguing trends in the pricing strategies of major cloud providers. AWS showed a mix of regions and instance types with high price increases, while GCP demonstrated a trend towards price reductions in many areas.

          It’s important to note that these findings are based on averages, and individual instance types within the groups may vary. Therefore, when deciding which cloud provider, region, or instance type to choose, it’s crucial to consider the specific requirements of your use case.

          This is just a snapshot of the kind of insights from an in-depth analysis of cloud pricing data. With more detailed data, we could delve into more granular insights, such as the impact of reserved instances, spot instances, or variations in pricing across different operating systems.

          In future analyses, we could also consider the performance characteristics of different instance types, as the cost-performance ratio is often more important than the raw cost.


          Source: https://cast.ai/blog/


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