The US cloud computing industry had been targeted in the news recently, the implications suggesting that the cloud computing industry is on the brink of losing billions in the coming years as a result of the PRISM allegations. Information Technology and Innovation Foundation reports that US CSP business is probably going to suffer a loss of 20% in the foreign market in the future. Whether the data revealed in the reports is actually true or guess work is a matter of concern.

The report also said that the US government must intervene and take steps to clear any misunderstandings that have been created due to the reports which are based on partial information and research from case studies which can not be relied on. It cannot be said that these reports are entirely wrong as decline in business in the cloud computing industry has been noticed even before the PRISM allegations.

Positive steps taken by the US government will help the cloud computing industry to interact in the global market effectively. Transparency of information will help clear the doubts generated by the report from the Information Technology and Innovation Foundation. Also, the national security and economic status of the country are of prime importance and the responsibility of the government.

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