Answered By: Ash Faulkner
Last Updated: Nov 23, 2022     Views: 47

Barriers to entry are obstacles that make it difficult for new competitors to enter a market.  They can be things like strong brand identity for an existing brand, customer loyalty, high switching costs, patent protections, regulatory clearance requirements, etc.  Information on barriers to entry for a particular industry can be found in the 'Competitive Landscape' section of the industry reports in the IBISWorld database. 

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