An overview of cost provisioning strategies for cloud computing

Cloud Computing is a collection of software, hardware, networking and storage resources that provides services based on contract between the user and Cloud Service Provider (CSP). Cloud Computing offers two types plans namely reservation and on-demand plan. Cost provisioning strategy is one of the most challenging task in cloud computing. The identifiable key advantage of cloud computing is billing system based on usage. The client wants to access the service for more than 3 years, the currency value and resources like manpower, hardware, software and storage cost will increase or decrease. If increases the cost of resources it will affect the CSP, on the other hand if decreases the cost of resources will affect the clients. Client needs are dynamic in nature; it cannot easily and accurately predict them. Collect the reasonable cost for accessing the cloud computing is one of the largest task. Client gathers information regard select which CSP gives service at low cost, maximum bandwidth, more number of attractive features and so on. Based on this features the client selects suitable service provider from the perfect competitive industry.