Cloud computing is a composite paradigm that provides crucial services to individuals and organisations over networked infrastructure at a cost. The Cloud provides custom built applications, made available by a CSP to customers. Several customers can access an instance of one application. The Cloud also affords an avenue for customers to build their own application in a language compatible with a CSP and subsequently deploy that application on the Cloud. In addition, massive scalable storage and computing devices are available on the Cloud. A customers expects optimum services whenever and wherever it is required. Hence, system failure on the part of a CSP must not affect the services being provided to the customer. This paper examines present trends in the area of Cloud ownership reliability and provides a guide for future research. The paper aims to answer the following question: what is the current trend and development in Cloud ownership reliability? In addition, analysis was done on existing work published in journals, conferences, white papers and those published in reputable magazines, to answer the question raised. The expected result is the identification of trends in Cloud ownership and reliability which will be of benefit to prospective Cloud users and service providers alike.