A group of agencies in Sweden have set up a project to find cloud providers who can provide an alternative to MS Teams/O365 following the Schrems2 decision [1]. Similar work is ongoing in other EU countries. Will more US software providers find partners in the EU to run cloud services in a way that doesn't involve risk of handing over customer data under FISA 702? There is definitely a huge need for compliant cloud solutions in the EU.
[1]: https://computersweden.idg.se/2.2683/1.754943/swedish-gov-teams-alternative