The cloud computing industry is estimated to become a $200 billion dollar industry by 2016, and is one of the few analog industries still experiencing growth reminscent of the dot-com. As the leading figure in tech, the US has traditionally dominated the industry and looked poised to capture the market for the forseeable future. The recent NSA leaks, however, have severely damaged the US’s grip on the industry.
On the heels of the scandals, a Cloud Security Alliance survey estimates that nearly 10% of non-US companies have already cancelled contracts with US providers, and nearly 56% of potential respondents are hesitant to work with US providers in the future.
The Information Technology and Innovation Foundation (ITIF) has estimated the US will see a loss of between $21.5 to $35 billion over the next three years.
(via Washington Post)