Feasibility of Providers' Coalition in Reverse Auction-Based Cloud Market

Abstract

Cloud computing has revolutionized the IT world by its benefits. Cloud users can take relational and non-relational databases in the form of services or can run their own database on computing resources provided by the cloud. With evolution of cloud, new challenges are emerging, and the responsibility of the professional is to provide solution to these challenges. Dynamic pricing of computing resources in the cloud is now widely acceptable by its users. But in the current market of cloud, reverse auction (a mechanism to implement dynamic pricing) is not getting the attention from professionals that it deserves. This work is an effort to identify the facts in the cloud market that are responsible for current condition of reverse auction. In this work, from the identified limitations of current cloud market and case study on existing model for reverse auction in cloud, one can observe that coalition of small cloud providers with common interoperability standard in reverse auction is a feasible solution to encourage cloud market for adapting reverse auction-based resource allocation.