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Challenges and opportunities of resource allocation in cloud computing: A survey In cloud computing model, where resources such as computing power, storage, network and software are abstracted and provided as services on the internet in a remotely accessible fashion. Resource allocation is most emerging research area in cloud environment. Various companies rent the resources from cloud provider for storage and other computational purpose in this way their infrastructure setup cost is reduced. There is big challenge to allocated resources in efficient manner to meet cloudconsumer demands and requirements. This paper mainly addresses challenges, opportunities, techniques and key performance issues for resource allocation in cloud computing. And also discuss various existing resource allocation technique and summarize them on the basis of technique used as well as their pros and cons.