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 Grüter, 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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