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Hypervisor-It is a software to run and manage no of virtual machines in the system
It is image based.
It relies on single peripheral device.
The workload is stateful.
Cost is very low as compared to cloud.
Cloud-It is a methodology which is used to access resources over internet
It is template based.
It relies on multiple machines so it is helpful in disaster recovery.
The workload is stateless.
Cost is higher.