Cloud providers give you an estimate for your cloud hosting services mainly based on the network, storage and compute. It is more affordable than building your own infrastructure as you get facilities of maintenance and support services that include security patches, updates, and upgrades, troubleshooting etc.
Most of the cloud hosting providers equip you with a calculator that will help in determining the right cloud service for your business. The calculators give you the exact conversions, the total cost of ownership and other aspects of cloud infrastructure related components and their expenditure that includes the hardware, its maintenance and labor costs.
To determine the estimated cloud hosting price, you must be sure of some factors like the redundancy level you want, where your hardware is located in-house or at a third-party data center and storage space you require. Consider the GB of memory that you need, the number of cabinets you need, how much storage space you would consume, the hardware refresh pattern you follow. The calculator will give you accurate figures.
You must select the services you need and have a committed length of the period. However, the calculators will not be able to give an accurate price for multiple providers. The pricing calculators are not similar with every provider. The calculators are designed to provide information about their individual fortes. However, the calculators may only be used to get an estimated cost and not as a comparison between two providers.