Explain the characteristics of Cloud Computing.

The characteristics of Cloud Computing are as follows:

1. On-Demand Self-Service — In Cloud Computing, multiple clients can share the resources and applications at the same time. These Cloud services and resources can be used on-demand and often bought on a subscription basis without human interaction with the service providers.

2. Broad Network Access — The services can be accessed on the Internet anytime and anywhere in the world through multiple devices such as mobile phones, tablets, laptops, etc.

3. Resource Pooling — The resources like virtual server space, network connections, bandwidth etc., are pooled by multiple users, simultaneously from any location, without being interfered by the other users.

4. Rapid Elasticity — This characteristic allows consumers to transparently scale up or scale down the resources according to their computing needs.

5. Measured service — Cloud Computing is based on a pay-for-what-you-use model where resource usage is monitored, measured and reported transparently, based on utilization.