When Edward Snowden ripped open the curtain
and began revealing details of the NSA's data vacuuming, IT analysts warned that an unintended consequence of the program was a huge blow to the credibility of U.S. cloud providers
. After all, they asked, why would anyone who cares about the security of their data put it someplace where government snoops could access it?
At the time, the ITIF (Information Technology & Innovation Foundation) published a prediction
that the U.S. cloud computing industry stood to lose as much as $35 billion by 2016. James Staten, a veteran Forrester Research analyst, suggested that the ITIF might be too low
, saying the hit could be as high as $180 billion, or 25 percent of overall IT service provider revenues.