1. Power of the consumer, the consumer impacts this market based on the need and purchasing power, in addition to remembering that many consumers of technology over some time can become massive consumers when their companies depend on technology, such as companies of tracking or mining cryptocurrencies to mention something, although we take into account all the production of software, video games and virtual reality. without letting attract companies that require technology for transportation and personal vehicles.
2. Competition in the industry :In the technology industry, we can deduce that it is very competitive since we have different technology providers that allow us to access products in different quality and price ranges, in addition to utility and application.
3. Entering this industry seems simple, but it requires a large investment and innovation in the products to be offered, in addition to achieving autonomy in production and not depending on raw materials from other companies or components of importance for the development that is planned. create to enter the market.
4. Power suppliers, The suppliers of raw material for the creation of technology have a great impact and power since they can influence the price and production quantities due to the very specific elements that are required for the creation of different technologies for daily use.
5. The threat of substitute products, this industry in its beginnings was difficult to supply one element with another, now we have a wide variety of elements that can replace others regardless of brand or quality, which means that this is one of the doors to new entries in the creation of technology which makes it highly competitive and relatively easily accessible
