Cloud Computing has sparked the interest of ICT users, individuals, businesses as well as government agencies. For large corporations as well as governments, it gives a way to derive the greatest benefits from services and applications available online via the web in the service-on-demand mode with per-usage billing. In this respect, Cloud computing offers a new economic model which supports new investment modes as well as the operations of IT resources. It would help lower technology costs and speed up the time to market advantages. Thus, at the national level, the potential socio-economic impact of Cloud Computing would be very huge since it potentially creates high-paying jobs and drive the economic growth both directly and indirectly, especially in the advent of digital economy.