What does Cloud Storage mean?
Cloud storage is a cloud computing model in which data is stored on remote servers accessed from the internet, or "cloud." It is maintained, operated and managed by a cloud storage service provider on a storage servers that are built on virtualization techniques.
Cloud storage is also known as utility storage – a term subject to differentiation based on actual implementation and service delivery.
Techopedia explains Cloud Storage
Cloud storage works through data center virtualization, providing end users and applications with a virtual storage architecture that is scalable according to application requirements. In general, cloud storage operates through a web-based API that is remotely implemented through its interaction with the client application's in-house cloud storage infrastructure for input/output (I/O) and read/write (R/W) operations.
When delivered through a public service provider, cloud storage is known as utility storage. Private cloud storage provides the same scalability, flexibility and storage mechanism with restricted or non-public access.