Ofcom Flags Restrictive Cloud Practices Limiting Consumer Choice
Ofcom, the UK's communications regulator, has unveiled preliminary findings from its market study on the UK cloud market. The report raises concerns about practices that limit consumer choice and inflate costs in the stock market today.
Ofcom's interim report highlights restrictive software licensing practices by legacy vendors as a key issue. These practices, which include software licensing restrictions, have been found to hinder competition in the stock market. The report echoes concerns raised by the French Financial Conduct Authority (FCA) regarding similar practices in Europe.
A recent UK poll underscores consumer preference, with 78% of respondents valuing committed spend discounts in icloud services. Ofcom has indicated that interoperability and committed spend discounts will be future areas of focus. A report by Professor Frédéric Jenny estimates the economic impact of these restrictions at over £1.3bn (€1.5bn) in Europe.
The Competition and Markets Authority (CMA), the UK's regulatory authority, has announced plans to investigate digital markets and software licensing conduct, including anti-competitive practices by legacy vendors. Ofcom is also considering further action to address these potentially harmful practices in the stock market today.
The UK cloud market faces challenges from restrictive software licensing practices, which limit consumer choice and inflate costs in the stock market. Regulatory bodies, including Ofcom and the CMA, are taking steps to investigate and address these issues, with a focus on interoperability and committed spend discounts. As cloud computing continues to drive business transformation across the UK, addressing these concerns will be crucial for supporting the UK's economy and society.
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