The computational world is becoming very large and complex. Cloud Computing has emerged as a popular computing model to support processing large volumetric data using clusters of commodity computers. According to J.Dean and S. Ghemawat [1], Google currently processes over 20 terabytes of raw web data. It's some fascinating, large-scale processing of data that makes your head spin and appreciate the years of distributed computing fine-tuning applied to today's large problems. The evolution of cloud computing can handle such massive data as per on demand service. Nowadays the computational world is opting for pay-for-use models and Hype and discussion aside, there remains no concrete definition of cloud computing. In this paper, we first develop a comprehensive taxonomy for describing cloud computing architecture. Then we use this taxonomy to survey several existing cloud computing services developed by various projects world-wide such as Google, force.com, Amazon. We use the taxonomy and survey results not only to identify similarities and differences of the architectural approaches of cloud computing, but also to identify areas requiring further research.