Cloud computing companies in the U.S. could lose more than $10 billion by 2020 as a result of the Trump administration's reputation regarding data privacy, according to Swiss hosting company Artmotion.
A whitepaper published by Artmotion suggests that growth rate in U.S. cloud revenue relative to the rest of the world will decline significantly more than previously forecast by IDC.
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IDC's Worldwide Public Cloud Services Spending Guide predicts that the U.S. will account for 60 percent of cloud revenue worldwide to 2020. The same research, however, suggests revenue growth in the U.S. will be lower than that in all seven other regions analyzed by IDC, and according to Artmotion does not take into account the sharply falling confidence businesses have in the capacity of U.S. companies to protect the privacy of data in the cloud.
"While these figures may be concerning for U.S. service providers already, they don't take full account of the scale of the disapproval of President Trump's actions since taking office," according to Mateo Meier, CEO of Artmotion.
Artmotion's own research shows that half of U.S. and U.K. citizens feel online data privacy is less secure under President Trump. Further, 24 percent are most concerned about their own government, while only 20 percent consider the Russian government most concerning, and 15 percent fear the Chinese government. Both Russia and
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