Consumption-based pricing is a pricing model that charges customers based on their product or service usage. Consumption-based pricing calculates pricing based on usage volume rather than the number of users and is a popular pricing model for IT services, SaaS, and cloud computing and storage.
The total cost of using Snowflake is the aggregate of the cost of using data transfer, storage, and compute resources. Snowflake’s innovative cloud architecture separates the cost of accomplishing any task into one of these usage types.