first published week of: 04/03/2023
The Federal Trade Commission is asking for public feedback about the market power of cloud computing providers, among other information.
The Federal Trade Commission is looking into the impacts of the $500 billion cloud computing market’s power in the U.S.
On Wednesday, the independent regulatory agency issued a request for information seeking insight on commercial cloud providers’ business practices, including the market power of companies that include Amazon, Microsoft and Google, as well as competition and potential security risks.
Cloud computing companies are increasingly providing the backbone for the world’s internet, hosting the data of nearly 70% of internet users, 60% of corporations and a growing cadre of government customers that includes the Central Intelligence Agency, National Security Agency and Pentagon.
The CIA, NSA, and Defense Department have each issued multibillion-dollar cloud contracts to commercial cloud providers in recent years, with Amazon Web Services—considered the market leader in cloud computing—scooping up the vast majority of that business.
Read full story at Washington Technology…