Monday, 7 May 2018
Contact: Michela Palladino - Michela@DevelopersAlliance.org
Proposed ePrivacy Regulation to affect all European industries and cost more than €500 billion in reduced annual turnover
BRUSSELS – A new study commissioned by the Developers Alliance and carried out by London Economics analyses the impact of the proposed ePrivacy Regulation (ePR) and the results are concerning.
According to the “Economic impacts of the proposed European ePrivacy Regulation” study, the Regulation threatens to reduce turnover up to €551.9 billion and cut profit up to €58 billion EU-wide.
The study confirms that the potential impact of the ePR will extend far beyond the technology sector, as businesses in all industries rely on the collection and use of data. Consequently, all sectors will be at risk of disruption and uncertainty because of the Regulation. In economic terms, this will translate into a 30% fall in the profits dependent – directly or indirectly – on electronic communication, across all sectors.
Developers Alliance CEO and President, Bruce Gustafson states: “The scope of the ePrivacy Regulation’s impact is limited only by one's imagination, as any number of future industries will be subject to these rules. Brussels needs to acknowledge the price the average citizen will pay, year over year, due to the ePR’s drag on the EU economy.”
The Developers Alliance is, now more than ever, concerned about the unintended consequences of the Regulation and calls on the co-legislators to take these findings into account when discussing this critical file.
About the Developers Alliance
The Developers Alliance is the world’s leading advocate for software developers and the companies invested in their success. Alliance members include industry leaders in consumer, enterprise, industrial, and emerging software, and a global network of more than 70,000 developers.
About London Economics Europe
LE Europe is one of Europe's leading specialist economics and policy consultancies. They advise an international client base throughout Europe and beyond on economic and financial analysis, litigation support, policy development and evaluation, business strategy, and regulatory and competition policy.