Cloud storage is a model where digital data is stored in logical pools across multiple servers, often in multiple locations, managed by a hosting company. It allows data access from anywhere at any time. Data is maintained, backed up, and made available to users over a network like the Internet. Benefits include low costs, automatic data updates across devices, remote data recovery in disasters, and scalability. Types include public, private, hybrid, and community cloud storage. Considerations for choosing a provider include storage needs, budget, performance, support, data protection, and security.