In this chapter, the authors consider cloud computing as a core topic and various models emerging around it such as its services and delivery models, its economic aspects, applications, usages, challenges, and so on. Cloud computing covers a range of delivery and service models. In this chapter, cloud service delivery models (i.e., Software-as-a-Service, Platform-as-a-Service and Infrastructure-as-a-Service) and cloud deployment models (private cloud, community cloud, public cloud, and hybrid cloud) are described. The right service delivery and deployment option have to be chosen for an organization’s cloud application, according to organizational needs.