Hi @Micheal Mallo ,
There are some options that you can consider for archiving SharePoint Online, depending on your requirements and preferences. Here are some of them:
- You can download data to a local storage option, such as a hard drive or a network share. This way, you can free up space on SharePoint Online and access your archived data offline. However, this option may require manual intervention and additional hardware costs. You can use the SharePoint Migration Tool to download data from SharePoint Online to your local storage.
- You can move data to Azure blob storage, which is a cloud-based service that offers scalable, secure, and cost-effective storage for unstructured data. This way, you can reduce the cost of SharePoint Online storage and leverage the benefits of Azure cloud services. However, this option may require some configuration and coding skills. You can use the Azure Storage Explorer to move data from SharePoint Online to Azure blob storage.
- You can use a third-party backup solution However, this option may incur additional subscription fees and depend on the availability and reliability of the third-party providers.
I found a similar thread, please refer to it:https://techcommunity.microsoft.com/t5/sharepoint/archiving-sharepoint-library-to-gain-back-more-storage/m-p/2595222
- You can wait until the beginning of 2024 for Microsoft Syntex, which is a new service that will provide archiving features for SharePoint Online. This service will use artificial intelligence to analyze, classify, and archive content based on its type, value, and usage.
For more detail information,please refer to this article:https://lazyadmin.nl/office-365/archive-sharepoint-online/
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Hope the information can help you and have a good day!
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