“American technology businesses fear they could lose between $21.5bn and $35bn in cloud computing contracts worldwide over the next three years, as part of the fallout from the NSA revelations. Some US companies said they have already lost business, while UK rivals said that UK and European businesses are increasingly wary of trusting their data to American organisations, which might have to turn it over secretly to the National Security Agency. The ITIF survey found that of those outside the US, 10% had cancelled a project with a US-based cloud computing provider, and 56% would be ‘less likely’ to use a US-based cloud computing service.”
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