The innovations in technology in this era have deeply impacted every sector of the economy. Especially the service sector. There is a rapid growth in the demand for services that are dependent on technology. The technological upgradation and digitalized words have changed the consumer behaviour.
Cloud computing services are increasingly taking up an integral role in people’s daily life, as individuals functioning in the physical world or in the virtual sphere are shifting to digitalized services which are based on the cloud. Cloud has provided many benefits such as high availability, high scale, and lower cost. According to the Cloud Computing Security & Frameworks Report, 2018 consumer and business enterprises are using on an average of 1500 types of different cloud services.
The report has dealt with the legal issues that arise in the cloud services. Apart from the benefits, cloud computing storage has many legal impediments in this world of the internet because of lack of specific regulatory frameworks. The report has included two major regions for analysing the legalities involved, including USA and EU.
The global revenue of public cloud computing is 235 Billion USD in 2017 as per the report and is expected to reach 500 Billion USD by 2022.
The Report has given emphasis to the regulations that involve confidentiality legislation, data security laws, personal information laws as well as licensing and copying rules. These rules exist for legitimate reasons and do not need to comprise impediments at a national level to the usage of cloud services. But even if national legislation is designed to benefit a domestic market, this is not sufficient for a well-functioning international market for cloud services. International differences in legislation in different areas and the uncertainty concerning which legislation is applicable are common impediments to cross-border trade.
The potential benefits of cloud computing need to be weighed taking into account the organization’s needs in terms of privacy, security, regulatory compliance, existing hardware/infrastructure, and many other factors. Some of these factors are discussed in greater detail in the report. It is important to note that while the scope of the cloud is expanding, it is not suited to every application.
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