Cloud computing has emerged as a transformative technology globally, offering scalable, flexible, and cost-effective computing solutions for individuals, businesses, and governments. However, in developing countries, the adoption of cloud computing varies across regions due to socio-economic, technological, and organizational factors. This research paper critically examines the opportunities created by cloud computing in developing countries, including cost savings, increased accessibility, support for innovation, and improved service delivery. It also examines major challenges, including inadequate infrastructure, cybersecurity concerns, regulatory gaps, technical skill shortages, and economic constraints. The study incorporates an extensive literature review, qualitative research methodology, and descriptive data analysis to provide a comprehensive understanding of cloud adoption dynamics. The findings reveal a dual reality: while cloud computing has the potential to accelerate digital transformation, developing countries must overcome structural and policy-related barriers to fully realize its benefits. The study concludes with recommendations for policymakers, technology service providers, and development organizations to enhance cloud readiness and adoption.