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5 Forces Analysis
Threat of new Entrants Threat is high as: Practically No barriers to entry Strengths can be easily copied Bargaining Power of buyers Bargaining power is High A lot of options to choose from Seemingly similar services offered by all Sellers
Industry has an impression of being High Growth and Low investment Rivalry amongst existing competitors
The existing players differ in the markets that they cater. Hence rivalry isnt very Bargaining Power of Suppliers prominent.
Threat of substitutes
As mentioned the competencies can be easily copied hence the threat of substitutes from the existing players and new players is High
Suggestion