Wednesday, March 26, 2014

NSA Shifts Market Share to European Cloud Providers

NSA Leaks Shift Market Share to European Cloud Providers | MIT Technology Review: "....A Swiss play in data security has been under way for around a decade, mostly in connection to banking. But the controversy around global surveillance by the U.S. National Security Agency is “a huge development,” says Franz GrĂ¼ter, CEO of Green, an Internet service provider whose state-of-the-art data center in the village of Lupfig is being filled out “years ahead of schedule.” To get a sense of the opportunity, one need only look at the projected losses the U.S.-based cloud services industry (including Google, Microsoft, and IBM) is facing because of anxiety and indignation over U.S. wiretapping. Estimates of lost market share through 2016 range from $35 billion to $180 billion (according to Forrester Research)...."

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