Cloud storage has evolved significantly over time from punch cards to modern cloud services. Early digital storage included punch cards in 1890, drum memory in the 1950s-60s, and floppy disks in the 1970s. Over the decades, storage capacity increased while costs decreased dramatically - from $105,000 per gigabyte in 1980 to under $1 per gigabyte today. Modern cloud storage services now offer petabytes of storage for low costs or free. Cloud storage can be private, public, or hybrid and is provided by major companies including Amazon, Google, Microsoft, and others.