PRISM could cost US cloud computing industry $22-$35 billion over 3 years

ITIF: "Given current conditions U.S. cloud service providers stand to lose somewhere between 10 and 20 percent of the foreign market in the next few years. Indeed, some foreign providers are already reporting their success. Artmotion, Switzerland’s largest hosting company, reported a 45 percent increase in revenuein the month after Edward Snowden revealed details of the NSA’s PRISM program.17 And the percentage lost to foreign competitors could go higher if foreign governments enact protectionist trade barriers that effectively cut out U.S. providers. Already the German data protection authorities have called for suspending all data transfers to U.S. companies under the U.S.-EU Safe Harbor program because of PRISM"