Cloud computing is the latest buzzword in the IT sector. The evolution of cloud hosting solutions has completely changed the hosting world. As the computing evolution is pacing up, large numbers of companies are shifting gears to cloud. There is a plethora of cloud hosting service providers available today, catering to the specific needs of the businesses. Below are some of the key attributes of cloud computing service model: High Availability: The services are powered by stringent norms for both physical and remote access to the data center facilities. Therefore, in case of power breakdown, data center’s connectivity fail over will ascertain continued uptime. Global Access: Cloud hosting allows you businesses to access the information, independent of the physical location. This is inevitably essential to an SME in its nascent stage as it enables them to add resources on demand from anywhere in the world. Additionally, it helps them to expand their business operations in a cost-effective way. Pay-per-use: This pricing model allows businesses to pay for the resources, only when they avail it. As a result, businesses get access to the advance technology while curtailing huge capital expenditures. Therefore, by harnessing the potential and power of the evolving cloud technology, businesses can prosper in the dynamic and competitive marketplace.