Cloud computing generated a considerable amount of interest in both business and academia. While some research demonstrates concerns that cloud computing could be another technology hyperbole (Buyya et al., 2009), the majority argue that cloud computing is the next generation of information technology which delivers the promise of computing utility (Armbrust et al., 2010; Zhang et al., 2010). The Diffusion of Innovation Theory offers a justification for the anticipated adoption of cloud computing in emerging economies. That is cloud computing is currently gaining momentum and it is in the process of diffusion (Rogers, 2003). In this section, we discuss the benefits of cloud computing with an emphasis on emerging economies, and we present selected cloud computing frameworks introduced in the literature.