WASHINGTON - The Federal Trade Commission said Wednesday its staff is seeking information on cloud computing companies business practices including details on their market power, competition and potential security issues.
Commission staff are seeking information about competitive dynamics of cloud computing. FTC staff are also interested in the impact of cloud computing on industries including "healthcare, finance, transportation, e-commerce, and defense."
The U.S. cloud computing business is dominated by four providers that include Alphabet's Google, Amazon Web Services Inc, Microsoft Corp and Oracle Corp.
"Large parts of the economy now rely on cloud computing services for a range of services," said Stephanie Nguyen, the FTC's chief technology officer in a press release, adding that the agency wants to learn more about "the impact of this reliance, the broader competitive dynamics in cloud computing, and potential security risks in the use of cloud.”
The public will have until May 22, 2023 to submit a comment.
(Reporting by David Shepardson)