Google Drive Picking Up Millions of Users in Short Time

 
 
By Chris Preimesberger  |  Posted 2012-05-14 Email Print this article Print
 
 
 
 
 
 
 

Global Equities Research reports that Google Drive signups are off to a "very strong start, with probably about 35 million to 40 million signups in 15 days."

Google Drive, the company's new cloud storage system that launched on April 24, has picked up a lot of users in a short window of time.

A research note from Trip Chowdhry, managing director of Equity Research at Global Equities Research, reported May 12 that Google Drive signups are off to a "very strong start, with probably about 35 million to 40 million signups in 15 days."

That's a lot of people interested in backing up their files and a lot of storage capacity. It certainly helps to have an established brand such as Google holding your files.

Google provides free storage for up to 5GB in Google Drive.  Extra storage is priced as follows: 25GB: $2.49/month; 100GB: $4.99/month; 200GB: $9.99/month; 1TB: $49.99/month; 16TB:$799.99/month. Other increments below 16TB are available.

"Google got Google Drive right in the very first attempt," Chowdhry said. "Syncing is about 20 percent to 30 percent faster than DropBox."

Google Drive isn't perfect, however. Its application programming interfaces apparently need some work, Chowdhry said.

"On a scale of 10, developers (Chowdhry talked to 14 of them) give 6 to Google Drive APIs," Chowdhry said. "Developers are optimistic that Google may fix the Drive API's shortcomings by Google I/O event, which is happening in the last week of June."

Chowdhry estimated that Google Drive thus far may have generated at least $4 million in revenues (5% x 35 million x $2.49 = ~$4 million per month, he calculated).

"However, at this time Global Equities Research does not have insights into the pricing," he wrote. "We think we will get a better sense when we attend Google I/O." 

 
 
 
 
Chris Preimesberger Chris Preimesberger was named Editor-in-Chief of Features & Analysis at eWEEK in November 2011. Previously he served eWEEK as Senior Writer, covering a range of IT sectors that include data center systems, cloud computing, storage, virtualization, green IT, e-discovery and IT governance. His blog, Storage Station, is considered a go-to information source. Chris won a national Folio Award for magazine writing in November 2011 for a cover story on Salesforce.com and CEO-founder Marc Benioff, and he has served as a judge for the SIIA Codie Awards since 2005. In previous IT journalism, Chris was a founding editor of both IT Manager's Journal and DevX.com and was managing editor of Software Development magazine. His diverse resume also includes: sportswriter for the Los Angeles Daily News, covering NCAA and NBA basketball, television critic for the Palo Alto Times Tribune, and Sports Information Director at Stanford University. He has served as a correspondent for The Associated Press, covering Stanford and NCAA tournament basketball, since 1983. He has covered a number of major events, including the 1984 Democratic National Convention, a Presidential press conference at the White House in 1993, the Emmy Awards (three times), two Rose Bowls, the Fiesta Bowl, several NCAA men's and women's basketball tournaments, a Formula One Grand Prix auto race, a heavyweight boxing championship bout (Ali vs. Spinks, 1978), and the 1985 Super Bowl. A 1975 graduate of Pepperdine University in Malibu, Calif., Chris has won more than a dozen regional and national awards for his work. He and his wife, Rebecca, have four children and reside in Redwood City, Calif.Follow on Twitter: editingwhiz
 
 
 
 
 
 
 

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