Let’s explore the differences between multi-cloud and hybrid cloud based on different characteristics, including architecture, intercloud workloads, vendor lock-in, availability, and cost. Cloud computing has revolutionized how businesses used to run in the past. Currently, there are many models of cloud computing. Cloud technologies have matured, expanded, and improved to support business purposes. According to Statista, “the global cloud applications market is expected to reach $168.6 billion by 2025.” As a result of the proliferation of cloud technologies, businesses, particularly those new to the cloud, sometimes need clarification on multi-cloud and hybrid clouds. While they both refer to types of cloud deployment integrating multiple clouds, there are significant differences between them. The article explores the key similarities and differences between multi-cloud and hybrid cloud environments.