Also thanks too Moore’s “Law”, pretty much anything launched will have 1/2 the processing power of something on the ground of equivalent size every 2 years.

Part of the success of cloud hosting is that thanks to Moore’s law companies were hesitant to buy hardware only to have it quickly become outdated*.

*cloud servers are actually pretty expensive so it really didn’t work out like this, but by the time that was obvious, the advantage of cloud was you had support for aaS Software built in (e.g Database, load balancing, caching, etc), and downstream of that is the death of open source vendors being able to get by selling support.