EU Cloud Legislation to Drive Over €450 Billion in GDP, Opportunity for Providers

At the second annual HostingCon Europe event in Amsterdam, the impact of European Union legislation on the cloud has been a huge topic of conversation. In the keynote address given by European Commission head of unit for cloud Pearse O’Donohue, he estimated the potential economic impact of cloud at 450 billion euros (over $500 billion USD) in the European Union alone by 2020.