I've not been able to see the setting in my portal yet but I know it's coming soon! 25 GB's for storage up from 7GB. Good FAQ's listed at the bottom on this page.
SkyDrive Pro increases storage and ease of sharing
Office 365 Team (re-posted from http://bit.ly/1dM4UHF on August 27)
Co-authors Mark Kashman (@mkashman) and Tejas Mehta (@tpmehta) are senior product managers on the SharePoint marketing team.
SkyDrive Pro is cloud storage for business. It's the place where employees can store, sync, and share their files across multiple devices with ease and security. With SkyDrive Pro you can collaborate with others in real time and edit documents from virtually anywhere via a web browser using Office Web Apps. Accessing your files from multiple devices (including Windows Phone, Windows 8, iOS, and Android devices) is a cinch with native SkyDrive Pro and Office Mobile apps. Not only does SkyDrive Pro deliver the frictionless user experiences that employees expect in a file sync solution, it's backed by a platform that provides industrial-strength content management, compliance, and content management controls.
We're continually improving the SkyDrive Pro service. The new SkyDrive Pro apps are now available in the Window Store and App Store. Today, we're pleased to announce three new significant improvements to SkyDrive Pro for Office 365 business subscribers - to help you be more productive:
Each user now gets 25 GB of SkyDrive Pro storage space (up from 7 GB).
You can now increase users' SkyDrive Pro storage beyond the default 25 GB-up to 50 GB and 100 GB.
With the new Shared with Me view,you can easily find documents others have shared with you.
Let's dive into the details!
Each user now gets 25 GB of SkyDrive Pro storage space (up from 7 GB)
The default SkyDrive Pro storage space in Office 365 is now 25 GB-for both new and existing customers.
Let's look at what that means for the overall storage for each user. With Office 365, you get 25 GB of SkyDrive Pro storage + 25 GB of email storage + 5 GB for each site mailbox you create + your total available tenant storage, which for every Office 365 business customer starts at 10 GB + (500 MB x # of user(s)1). If you and your company have growing storage needs across your various work streams and content types, we think you'll find Office 365 offers ample headroom on day one, at no additional cost.
1 In Office 365 Enterprise plans, only Office 365 Enterprise E1, E3, and E4 users contribute to the total available tenant storage. Kiosk workers and external users are not calculated into the equation. For small business and midsize plans, all licensed users contribute to the total available tenant storage.
You can now increase users' SkyDrive Pro storage beyond the default 25 GB-up to 50 GB and 100 GB
SharePoint Online admins can now increase SkyDrive Pro storage space for those individuals that need and want more than the default 25 GB of storage. You can select increases in increments, up to 50 GB or 100 GB (the current SkyDrive Pro limit), and you can adjust the storage for up to 25 users at once. The storage you allocate will come from your tenant's overall pool of storage and you have clear visibility of how much total available tenant storage your company has to allocate to your users' SkyDrive Pro. If you need more tenant storage, navigate to the Storage Metrics page (Site Settings a Storage Metrics) and then to Buy quota, where you can purchase more; additional storage for SharePoint Online costs $0.20USD/GB/month.
SharePoint Online admins can increase users' SkyDrive Pro storage space from 25 GB to 50 GB and 100 GB.
With the new Shared with Me view, you can easily find documents others have shared with you
Have you ever experienced the pain of trying to locate a document or folder a colleague previously shared with you? Shared with Me eliminates the worry of finding those important items, because now they're all visible in a single view from within your SkyDrive Pro.
The documents and folders you see in the Shared with Me view may live in someone else's SkyDrive Pro, or they may be shared from a standard team site document library. Once they are shared with you, you have the same permissions in SkyDrive Pro that you were originally given by the person who shared the documents with you. This means you can view a document, edit it, share it, and download it, and more- all as if it were natively stored in your SkyDrive Pro.
Shared with Me appears in the left-hand navigation pane of your SkyDrive Pro under Followed Documents.
Learn more about Shared with Me on Office.com.
Do even more with these additional SkyDrive Pro improvements
In the spirit of continually improving the SkyDrive Pro service, we're also increasing the overall file upload limit in SharePoint Online to 2 GB/file and the default recycle bin retention to 90 days (up from 30 days). And we're enabling versioning by default on newly provisioned SkyDrive Pro libraries, which saves the last ten versions, so you never lose an important document. These service improvements apply to SkyDrive Pro and to team site documents and data. We'll give you more details about these improvements and others in an upcoming post about increased limits across SharePoint Online.
Do more with more! Store, sync, and share is best with SkyDrive Pro. Now stop reading and go upload something already!
Learn more about Sky Drive Pro.
Mark Kashman & Tejas Mehta
Senior Product Managers - SharePoint
@mkashman | @tpmehta
"What is SkyDrive Pro?" article on Office.com
"5 Questions about SkyDrive Pro" article on Office.com
"Standalone SkyDrive Pro Sync for Windows" blog post
"SkyDrive Pro apps for Windows 8 & iOS" blog post
Q. How much SkyDrive Pro storage do I get per user?
A. 25 GB is the default in SharePoint Online and can be upped to 100 GB. 100 MB is the default setting for on-premises and it is configurable by the IT administrator.
Q. Can I buy more SkyDrive Pro storage?
A. Yes. Additional storage is sold at $0.20USD/GB/month and goes into a tenant's pooled storage. It can then be allocated to specified end users from 25 GB to 50 GB or 100 GB.
Q. Does this announcement apply to Office 365 Home Premium subscribers?
A. No. SkyDrive Pro is not the same as SkyDrive. The "Pro" is based on SharePoint, enterprise-grade content management. Thus, this article does not apply to Office 365 Home Premium offering, which combines the latest Office applications with 20GB of SkyDrive storage.
Q. Does this announcement apply to Office 365 dedicated subscribers?
A. No. The Office 365 dedicated plans are not receiving this same update, because they are managed in a unique, isolated infrastructure.
Q. What is the maximum number of docs I can sync using the SkyDrive Pro Sync for Windows client?
A. 20,000 documents for personal document libraries, 5,000 for team sites.
Q. Does SkyDrive Pro Sync for Windows use "differential sync"?
A. Yes, SkyDrive Pro Sync for Windows uses the Office Document Cache and syncs only the differences for Excel, Word, and PowerPoint files.