Microsoft Azure provide different type of Storage account for different purposes of used in production environment or real life environment. I will tried to explain the storage account service in form of following table:
|General Purpose V1||Standard, Premium||Blob, FIle, Queue, Table, Disk||LRS, GRS, RA-GRS||Resource Manager Classic|
|General Purpose V2||Standard, Premium||HOT, COOL,|
|Blob, File, Queue, Table,|
Disk,Data LakeGen 2
|LRS, GRS, RA-GRS, ZRS, GZRS, RA-GZRS||Resource Manager|
|Block Blob Storage||Premium||Blob||LRS, ZRS||Resource Manager|
|File Storage||Premium||File||LRS, ZRS||Resource Manager|
|Blob Storage||Standard||HOT, COOL, ARCHIVE||Blob||LRS, GRS, RA-GRS||Resource Manager|
HOT: Data access frequently, high storage cost but lowest access cost.
COLD: Data access infrequently but need to store for atleast 30 days. Lower storage cost but higher access cost.
Archive: data access very infrequently but store atleast for 180 days. Lower storage cost but higher access cost.