Cloud computing has become an increasingly prevalent topic in the recent years. However, each and every explanation of cloud computing and its terminologies don't reach to a great number of beginners in IT sectors. This research paper is a layout of the literature analysis and it includes the proposals and discussions regarding the cloud computing and its networks. It introduces cloud computing along with its evolution and benefits it has to offer. The paper also explains the details and classifications of the concepts associated with cloud computing; and thereby throws light on the advancement in cloud computing and its efficiency in various fields. The findings identifies various commercial sectors where cloud computing has been widely adopted in contrast to other sectors which has not yet reaped its benefits. The paper compares and contrasts the various cloud computing applications like DropBox, Google Drive and SkyDrive, and follows an elaborate discussion about SkyDrive, hybrid cloud computing and the way it is influencing management strategies in Indian industrial sectors. © 2015 The Authors. Published by Elsevier B.V.