- U.S. cloud-computing companies could miss out on $21.5-35B of revenues over the next three years because of concerns about how U.S. authorities such as the National Security Agency have been accessing the firms' user data.
- The estimate comes from the Information Technology & Innovation Foundation think tank.
- Companies that could be affected include Amazon (AMZN), Google (GOOG) and Microsoft (MSFT).
- There's increasing evidence that non-U.S. firms have been canceling orders and limiting their use of U.S. cloud service providers. In a membership survey by the Cloud Security Alliance, 10% of non-U.S. respondents said they had ended a project with a U.S. cloud company, while over half said they would be less likely to use one.
NSA revelations costing U.S. cloud-computing providers
Aug 6 2013, 04:25 ET