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Perform a Porters Five Forces analysis for a company entering the IoT smart home (i.e., smart locks, smart doorbells, smart washers, smart dyers, etc.) industry.

Perform a Porters Five Forces analysis for a company entering the IoT smart home (i.e., smart locks, smart doorbells, smart washers, smart dyers, etc.) industry. Analyze all five forces for the industry. Based on the analytic results, give the company an overall suggestion about whether to enter the industry or not, and illustrate your reasons.

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