Cloud computing has so many benefits and the market is poised to continue its momentum. Companies like Amazon and Google were early players in this market but the early success of these companies has not gone unnoticed. Case in point, AT&T and soon (WSJ: subscription required) Verizon will be players in the space and AT&T already has a major customer.

Cloud computing is not perfect and Amazon has had a few high profile outages lately. It is worth watching to see if the industry will get to a point where outages will cease and moreover whether the increased competition will help grow the market in larger.

My take is there will be rapid growth in this area for many years to come -- barring more serious and high-profile outages of course.