A new report from D.C.-based technology think tank the Information Technology and Innovation Foundation spells a grim outlook for the U.S. computing industry in light of the recent NSA surveillance revelations.

With the knowledge that the U.S. government is hoarding information on almost every online interaction within and going out of the U.S., foreign cloud users are likely to avoid using American computing companies to store information, the report predicts.

Advertisement:

"The U.S. cloud computing industry stands to lose $22 to $35 billion over the next three years as a result of the recent revelations," notes the report, authored by ITIF senior analyst Daniel Castro.

The report notes: