Looking for a new cloud service to store your files? Microsoft wants its cloud to be your cloud, announcing that its bumping up the storage for free OneDrive users as well as Office 365 subscribers.

Microsoft says that it’s upping the free storage that every OneDrive users gets, increasing it from 7GB to 15GB. The folks in Redmond say that they’re bumping up their free storage allotment because it believes that while most folks have less than 15GB of stuff stored on their computer, adding in their other devices can bump that total up.

Anyone subscribed to Microsoft’s Office 365 service will get even more space. Those folks will get a full terabyte of OneDrive storage, with Office 365 Home ($9.99 per month) users getting 1TB per person for up to 5 people and Office 365 Personal ($6.99 per month) and University ($79.99 for 4 years) getting 1TB per subscription.

Finally, Microsoft is cutting its storage prices for folks that need more storage but don’t want an Office 365 sub. Consumers can sign up for 100GB of OneDrive storage for $1.99 per month (down from $7.49) or 200GB for $3.99 (down from $11.49). Microsoft says that all of its OneDrive changes will go into effect in July.

The cloud storage space is steadily getting more competitive, with Google recently dropping its Drive pricing and now Microsoft slashing its own prices. Google Drive offers 15GB free, 100GB for $1.99 per month and 1TB for $9.99 per month, while Dropbox is pricey in comparison with its 2GB free and 100GB for $9.99 per month.

Mobile users are increasingly relying on the cloud to store their photos, music and documents, so Google and Microsoft’s price drops are welcome sights. Here’s to hoping that Dropbox makes a similar move soon.

Do you use any cloud storage services? If so, which ones?

Via Microsoft OneDrive blog