The death of the cloud has been greatly exaggerated

Gigaom

There has been a lot of speculation about the impact of PRISM on data security and cloud computing; just this week alone two influential articles have been written quoting wildly different predictions on how much the revelations will cost cloud vendors, but there’s no denying that the ripples in the industry are starting to rock the boat.

The Information Technology and Innovation Forum (ITIF) recently announced that due to the fears over data privacy and security that PRISM has highlighted, the cloud computing industry stood to take a hit in the order of $36 billion by 2016. But Forrester Research has come out to say this estimate is too low and the impact could be far deeper to the tune of $180 billion.

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Taking into account that by 2016, ITIF calculates the global cloud market to be worth $207 billion (Forrester estimates $270 billion by 2020) this is a staggering…

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