Microsoft on Monday revealed intentions to more than double the amount of OneDrive (formerly SkyDrive) cloud storage offered to regular users to 15GB. Up to this point, storage for non-paying subscribers was capped at 7GB (or 25GB for early adopters).

The changes don’t stop there, however, as all Office 365 users will now receive 1TB of storage, up from a lowly 20GB in comparison. Office 365 Personal subscribers can have access to the same 1TB of space for $6.99 per month while Office 365 Home subscribers can get 1TB for up to five people for $9.99 each month.

Interested in more online storage but don’t have (or want) Office? No worries. Pricing starts at $1.99 per month for 100GB in the cloud and scales up to $3.99 for 200GB of space.

The offers are certainly attractive but it’s worth pointing out that Microsoft isn’t the only cloud storage provider in the game. Earlier this year, Box handed out 50GB to anyone that downloaded their new iPhone / iPad application. Google Drive offers users the same 15GB as Microsoft while Dropbox dishes out 2GB to basic (free) users.

Given Microsoft’s deep pockets, they could have easily offered more storage across all tiers and really put the pressure on the competition. Instead, they elected to play it safe.

The changes will go into effect next month and we’re told that all current subscribers will be moved to the new pricing automatically at that time.