The US cloud computing industry stands to lose between $22 and $35 billion over the next three years as a result of the recent revelations about the National Security Agency’s (NSA) electronic surveillance programme PRISM, according to a report by the Information Technology & Innovation Foundation (ITIF).
ITIF’s report is based on a survey conducted by the Cloud Security Alliance in June and July this year, which found that many overseas companies had cancelled a project with a US cloud computing provider and that even more would be less likely to use a US cloud computing service in the future. Since European or Asian competitors will thus be able to increase their market share for the rapidly growing cloud computing industry, the dollar amount is just part of the overall loss for US providers.
