It seems as though Google are inching closer to launching a cloud-based storage solution that should go head-to-head with other cloud-based solutions like Dropbox and Microsoft's SkyDrive. Wall Street have cited people "familiar with the matter" who say that the service would be simply known as 'Drive', and should be here within a few months.

It will reportedly include a free option that should suit most customers, but Google will also have a premium model which should feature more storage space. At the moment, there's no information on just how much space will be included in the free option, but considering Dropbox offer 2GB for free, with additional space given for referrals and promoting them on social networks, it should be similar.

Dropbox also charge just $9.99 for 50GB and $19.99 for 100GB. Google have the power to offer just as much, if not more, for less than Dropbox's offerings. Google are already offering 20GB of shared data for its Picasa, Gmail and Google Docs services for just $5 per year. Microsoft on the other hand, offer 25GB through SkyDrive for free. Google will most likely match, if not beat, SkyDrive's pricing.