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Trump administration could cost U.S. cloud providers over $10 billion.

According to a whitepaper published by Artmotion, a Swiss hosting company, growth rate in U.S. cloud revenue will decline significantly more than IDC had previously forecasted, relative to the rest of the world. Their paper states that this predicted decline is due to Trump administration’s poor reputation regarding data privacy.
IDC predicts that the U.S. will account for 60% of worldwide cloud revenue by the end of the decade, but this same research also suggests that the U.S.’s revenue growth will be lower than that in all of the other seven regions analyzed by IDC. According to Artmotion, these figures do not take into account the sharply falling confidence citizens have in their government’s data privacy.

Research from Artmotion shows that about half of U.S. and U.K. citizens feel online data has become less secure under President Trump, with 24% of citizens actually finding their own government to be their biggest concern as a threat to data privacy – 20% consider Russian government to be the most concerning, and 15% believe it to be the Chinese government, to compare. In Artmotion’s 2015 survey, Americans had both Russia and China considered the greater threat to data privacy.

The Swiss company currently estimates that the total loss in revenue for U.S. cloud companies will be $1 billion this year, over $3 billion in 2018 and 2019 each, and $2.7 billion in 2020.

We highly recommend you take the time to read the full details behind this research. Article and whitepaper download link: https://goo.gl/D9jR28

 

-Trevor Newman