While speculation over Google’s (NASDAQ:GOOG) stand-alone cloud storage service has surfaced in the past, the Google Drive (or GDrive) might soon see the light of day. [1] Techies and analysts have speculated in the past that it would launch based on code observed in certain browsers. What remains to be seen is how well GDrive is able to sync with existing desktops and mobile phones to enable easy storage. Google competes in the cloud storage space with companies like Dropbox, Amazon (NASDAQ:AMZN) and Apple (NASDAQ:AAPL).
We currently have a price estimate near $600 for Google’s stock, which is roughly 10% above the current market price.
Users Would Want a Simple & Safe Transition from PC/Mobile to Cloud
The good news for users is that GDrive is expected to come out with a native sync software to synchronize their files on desktop and mobile. While this would make storing information much easier and wider in scope than Google Docs or Picasa, the perceived risk remains that of security. Protecting personal user information has been a concern with Google’s other products such as Google Wallet as well, and GDrive too needs to ensure users that it has the necessary safeguards to protect this data. The comfort level of users alone can determine whether GDrive will be restricted to just a storage back-up option or become a full fledged alternative to traditional hardware storage.
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