As the new administration prepares to take office, attention is turning to the digital economy as a potential area for growth. The Computer & Communications Industry Association (CCIA) suggests that by revisiting certain policies affecting U.S. tech companies, this sector could expand further.

A report from the CCIA Research Center, using data from the U.S. Census Bureau and the Fred Database, highlights that there are approximately 382,000 firms in the digital economy. These firms generate $93.3 billion in exports and contribute $1.8 trillion, or seven percent, of the total U.S. GDP.

The CCIA recommends several actions for the incoming administration:

- Resist discriminatory regulations both domestically and internationally.

- Enforce existing trade agreements while prioritizing digital trade in future deals.

- Support infrastructure development by expanding broadband spectrum, increasing chip production in the U.S., and supporting data centers.

Since its inception in 1972, CCIA has been advocating for innovation and policies that promote growth within the tech sector.

CCIA President & CEO Matt Schruers stated: “US digital services contribute seven percent of the entire GDP and leading tech companies make up about a third of the value of the S&P 500’s market capitalization. Policies that enable growth result in increased benefits to the overall U.S. economy, job creation, and help U.S. companies compete with China."

He added: “To continue growing the economy, lower the costs of consumer goods, and encourage job growth, the incoming Administration should take another look at increased regulatory burdens, enforcement actions that are antithetical to consumer welfare, and prioritize direct engagement against discriminatory digital trade rules abroad.”