It will likely cause some interesting tensions with government as well.
eg. Apple's official stance per their 2016 customer letter is no backdoors:
https://www.apple.com/customer-letter/
Will they be allowed to maintain that stance in a world where all the non-intentional backdoors are closed? The reason the FBI backed off in 2016 is because they realized they didn't need Apple's help:
https://en.wikipedia.org/wiki/Apple%E2%80%93FBI_encryption_d...
What happens when that is no longer true, especially in today's political climate?
If Apple and Google actually cared about security of their users, they would remove a ton of obvious malware from their app stores. Instead, they tighten their walled garden pretending that it's for your security.