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News  ›  Benzinga

The $190B Data Lockdown: Why 'Sovereign Tech' is the Next Massive Wealth Transfer

Benzinga Logo Benzinga By Prnewswire
The $190B Data Lockdown: Why 'Sovereign Tech' is the Next Massive Wealth Transfer

Data sovereignty regulations are fragmenting global AI and cloud markets as organizations must keep sensitive data within national borders. The government cloud market is projected to reach $190.66 billion by 2033, driving demand for secure infrastructure. Major cybersecurity and cloud companies are securing government contracts and expanding capabilities to meet compliance requirements across multiple regions.

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ESTC   positive

Secured a $130 million contract with CISA to develop a unified SIEMaaS platform on FedRAMP-certified Elastic Cloud, demonstrating strong government sector traction and positioning in the growing sovereign tech market.