By: Eric De Grasse, Chief Technology Officer
7 August 2013 – The U.S. cloud computing industry could lose between $21.5bn to $35bn in revenues over the next three years as a result of concerns about the National Security Agency’s electronic surveillance programs, according to an independent Washington-based policy think-tank. The figures, calculated by the Information Technology & Innovation Foundation, are the first serious attempt to calculate the impact on US cloud computing providers including Amazon, Google and Microsoft of the recent NSA revelations.
They come amid growing evidence that non-US companies are cancelling contracts and curtailing their use of US-based cloud service providers because of their concerns about the extent to which the NSA and other US law enforcement and national security agencies may be using provisions in the Foreign Intelligence Surveillance Act and Patriot Act to obtain electronic data from third parties. In a report published on Monday, the Foundation said the NSA Prism program and related revelations, “will probably have an immediate and lasting impact on the competitiveness of the US cloud computing industry if … Read more