There are a number of implications for the technology, media and telecoms (TMT) sector to consider in the months ahead following Donald Trump's surprise US Presidential Election victory last week, according to Ovum.
Aneil Rakity, managing director of the independent analyst and consultant firm, said in a note in the immediate aftermath of the election result that US tech leaders from the likes of Amazon, Google and Apple will face increasing scrutiny and challenges to their business models, given Trump's focus on privacy and national security during a long – and at times, brutal – election campaign against Democrat Hillary Clinton.
Rakity suggested regulatory approval for services and innovations such as driverless taxis and trucks may not be so forthcoming, based on the president-elect's tactic to tap into a growing unease among a large part of the electorate that tech advancement will lead to significant blue collar job losses.
"As with many of Trump's pronouncements, it remains unclear as to what degree his words will be followed by actions," noted Rakity.
"However, companies may choose to make selected accommodations (such as shifting some jobs back to the US), while continuing to lobby in the background."
In his note, the Ovum managing director highlighted various other post-election issues that could impact the tech world.
Market uncertainty following a change of leader was inevitable, but the anti-globalisation agenda that cropped up time and time again during Trump's campaign for presidency will hold back investment decisions, according to Rakity.
"In the short term, there will be a general slowdown of major decisions in capital and investment by US and international firms as they wait to get a better understanding of the new administration's trade, tax, immigration, and foreign policy," he said.
"The presidential inauguration is not for a further 100 days (January 20, 2017), but the uncertainty will last for at least the next six months, and it won't be until mid-2017 that Trump starts to share more about these topics and proposed changes to policy."
Rakity also indicated that "better and more representative research and segmentation are clearly required" and he called for "more robust analytical techniques" in business, in light of a potential drop in sentiment towards data-driven practices based on how misleading the exit polls were in the build-up to the election result.