All travel and tourism companies typically hold vast amounts of data and therefore it is critical that a company is supportive of respective data regulations. Regulations differ according to each country and cloud providers need to be compliant within each geographical location. Travel and tourism companies partnering with cloud operators are also responsible for ensuring that data is secure and compliant with current legislation.
Listed below are the key regulatory trends impacting the markets for cloud infrastructure, cloud services, and cloud professional services, as identified by GlobalData.
Data protection and privacy
Numerous regional legislative efforts around data protection and privacy have evolved over the past few years, with Europe setting the standard with the General Data Protection Regulation (GDPR). Tensions between Europe and the US over the EU-US Privacy Shield, which enables non-EU companies to meet the requirements of GDPR, have escalated, with campaigners arguing that the US cannot ensure the privacy of European data.
As exemplified by legislation in the US, the notion of network sovereignty promises to play a role in the evolution of cloud services, particularly in support of consumer services. Supporters of net neutrality regulation in Congress will continue to fight to reinstate the previous legislation, with a legal battle potentially reaching the Supreme Court. However, the dispute is unlikely to be settled before the November 2020 US presidential election.
This is an edited extract from the Cloud Computing in Travel and Tourism – Thematic Research report produced by GlobalData Thematic Research.