Cloud computing provides on-demand access to shared computing resources like networks, servers, storage, applications and services that can be provisioned with minimal management effort. It has characteristics like on-demand self-service, broad network access, resource pooling, rapid elasticity and measured service. The cloud services models are Software as a Service (SaaS), Platform as a Service (PaaS), Infrastructure as a Service (IaaS). The deployment models are private cloud, community cloud, public cloud and hybrid cloud.