Cloud providers aim to deliver faster network bandwidths to multiple users. They do this by adding continuous updates to reduce latency. In an INAP survey, respondents were asked what influenced their cloud migration.
Around 42% of respondents said improvement in network speed and low latency. You also get more uptime with regional data centers offered by cloud providers.
Hardware can quickly become outdated and slow. Cloud providers have short refresh cycles for servers. You get better performance with the latest technology due to cloud computing.