While on-premises solutions have their advantages, cloud computing has gained popularity due to its flexibility, cost-efficiency, and ease of maintenance. Cloud solutions offer lower initial costs, as they typically operate on a subscription model and do not require significant upfront investments in hardware. Additionally, cloud providers handle maintenance, updates, and security, which can reduce the burden on a company's IT department.
However, cloud solutions may not be suitable for every business. Companies with specific compliance requirements, a need for high control over their data, or those with substantial existing investments in on-premises infrastructure might still prefer on-premises solutions.