Cloud computing is a technology that allows the delivery of computing resources such as servers, storage, databases, networking, software, and analytics over the internet. Instead of owning and maintaining physical infrastructure, individuals and businesses can access these resources on demand from a cloud service provider.

Organizations that migrate to the public cloud can achieve cost savings of 15% to 50% compared to traditional on-premises infrastructure. Additionally, 94% of enterprises are using the cloud in some capacity, with many adopting multi-cloud strategies to enhance flexibility and performance.

As of 2022, the leading public cloud service providers include Amazon Web Services (AWS) with approximately 32% market share, Microsoft Azure at around 20%, and Google Cloud Platform (GCP) with about 9%. These providers are instrumental in shaping the cloud computing landscape.