Glossary > Cloud Marketplace Platform

Cloud Marketplace Platform

A cloud marketplace platform is a software that provides a marketplace for cloud services. It is used to buy and sell cloud services, as well as manage subscriptions and billing.

Cloud marketplaces are an off-site alternative to traditional on-premises private cloud implementations. They can provide the same benefits of private clouds, such as scalability, flexibility and cost savings, but they also allow companies to use only what they need when they need it — without having to buy and maintain all the hardware upfront.

The cloud marketplace model helps businesses reduce costs by allowing them to pay for what they use when they need it. This also eliminates the need for long-term commitments on product updates and maintainance, and enables organizations to test out new technologies before committing to them.

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