Google Drive latest: 100GB storage offered, could be announced ‘as soon as Tuesday’

Google-DriveMore reports are emerging of the expected imminent launch of Google Drive, Google’s cloud-based storage service which will compete against the likes of Dropbox, Box, Amazon’s Cloud Drive, Apple’s iCloud and Microsoft’s SkyDrive.

There has been plenty of online chatter recently suggesting Google is about to launch its new service, with the latest report coming Monday night from Reuters.

According to a source familiar with the matter, the report suggests the Mountain View company could be set to announce news of Google Drive as early as Tuesday.

It goes on to offer a few bits of new information, including that users will have access to a maximum of 100GB of storage space, with various levels of capacity available for different monthly fees. However, the Reuters report makes no mention of how much the extra storage space will cost users.

Box currently offers its members storage space of between 5GB and 25GB for $9.99 a month, and up to 50GB for $19.99 a month, while Dropbox offers space of between 2GB and 50GB for $9.99 and up to 100GB for $19.99 a month. If Google Drive starts making headway in the cloud storage market, we can certainly expect to see a number of new price plans from its competitors.

As we’ve been hearing for some time, Google Drive will also have a free option, giving users a reasonable 5GB of storage space. Box also offers 5GB. Dropbox, meanwhile, only offers 2GB, though this could of course change once Google Drive arrives on the scene.

Reuters’ source also says that Google Drive will work with “sophisticated image search technology to let consumers sift through a wide variety of document types, which could include the likes of Adobe PDF files and photographs.”

Cloud-based storage services like these allow users to keep all their digital data — such as documents, images and music — on a remote server, enabling easy access across a number of web-connected devices, including PCs, mobile phones and tablets.

There have been countless rumors over the years about Google launching such a cloud-based storage service. In the next day or two we should finally get to see what the web giant has to offer.