In the meantime, Forrester's Staten sees a market opportunity for countries willing to provide more details about their surveillance activities and about the data collected and how it is stored and used.
For example, Switzerland has become a banking hub because its financial laws seldom change when compared to those of most other countries, Staten said. That stability is what many companies and wealthy people find attractive.
A similar approach toward surveillance and privacy laws tailored toward transparency would be attractive to companies and to cloud service providers.
"Any county that wants to take that step could absolutely improve their position as a neutral, safe place for data sharing," Staten said.
Sign up for CIO Asia eNewsletters.