Information Technology has always been considered a major pain point of enterprise organizations, from the perspectives of both cost and management. However, the information technology industry has experienced a dramatic shift in the past decade – factors such as hardware commoditization, open-source software, virtualization, workforce globalization, and agile IT processes have supported the development of new technology and business models. Cloud computing now offers organizations more choices regarding how to run infrastructures, save costs, and delegate liabilities to third-party providers. It has become an integral part of technology and business models, and has forced businesses to adapt to new technology strategies. Accordingly, the demand for cloud computing has forced the development of new market offerings, representing various cloud service and delivery models. These models significantly expand the range of available options, and task organizations with dilemmas over which cloud computing model to employ. This thesis poses analysis of available cloud computing models and potential future cloud computing trends. Comparative analysis includes cloud services delivery (SaaS, PaaS, IaaS) and deployment models (private, public, and hybrid). Cloud computing paradigms are discussed in the context of
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