France, Germany step up effort to build rivals to U.S. cloud firms

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France, Germany step up effort to build rivals to U.S. cloud firms
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France and Germany are stepping up efforts to foster homegrown rivals to U.S. te...

FILE PHOTO: French Economy and Finance Minister Bruno Le Maire shakes the hand of German Minister of Economy and Energy Peter Altmaier before a meeting on the development and production of European batteries in Paris, France, May 2, 2019. REUTERS/Benoit Tessier/File Photo

Amazon, Microsoft and Alphabet’s Google dominate the field of data storage worldwide, with a combined market share of more than 50%, according to market research. Amazon’s cloud division has a $600 million contract with the CIA, while Microsoft recently won a $10 billion cloud computing contract with the Pentagon.

Le Maire’s German counterpart, Peter Altmaier, also cited the need to “regain our digital sovereignty.”

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