U.S. cloud computing companies could lose between $21.5...
U.S. cloud computing companies could lose between $21.5 billion and $35 billion by 2016 due to global concerns about government access to data after the revelations about U.S. surveillance programs, said the Information Technology and Innovation Foundation in a report…
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Monday (http://bit.ly/151a22J). U.S. cloud companies could lose 10-20 percent of the foreign market to European and Asian competitors as foreign governments and their citizens express concerns about the U.S. government having access to user data through the Internet surveillance program Prism, the report said. “After PRISM, the case for national clouds or other protectionist measures is even easier to make.” To protect American companies in the global cloud market, the report suggested the U.S. government “proactively set the record straight about what information it does and does not have access to and how this level of access compares to other countries,” and “work to establish international transparency requirements” through international agreements such as the Transatlantic Trade and Investment Partnership.