Additionally, not only have component prices not fallen at traditional rates, but recently electronic components that we rely on to provide our services have actually increased in price.
However, the average backup size stored by Computer Backup customers has spiked 15% over just the last two years. We’ve invested in deduplication, compression, and other technologies to continually optimize our storage platform and drive our costs down-savings which we pass on to our customers in the form of storing more data for the same price. Over the last 14 years, we have worked diligently to keep our costs low and pass our savings on to customers. Backblaze CEO Gleb Budman, writing on the company blog:
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