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Europe and Asia Stand To Gain from U.S. Industry’s Loss

CLOUD COMPUTING

August 6, 2013

The U.S. cloud computing industry could take a major earnings hit as a result of fallout from the NSA revelations. That’s according to an Information Technology and Innovation Foundation (ITIF) report, which estimates U.S. cloud computing providers could lose $21.5 billion in revenue in the next three years. And that’s its conservative estimate, IT News reports. The worst-case scenario could see losses of up to $35 billion by 2016, with European and Asian markets poised to gain, the report states. “If European cloud customers can’t trust the United States government, then maybe they won’t trust the U.S. cloud providers either,” European Commissioner for Digital Matters Neelie Kroes said recently. Editor’s Note: The preconference workshop The Privacy Pro’s Field Guide to Contracting and Compliance in the Cloud will be part of this year’s Privacy Academy in Bellevue, WA. Also, Jason Weinstein recently proposed steps for U.S. cloud providers to take on the Privacy Perspectives blog.
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