Yes
Some examples: legal barriers (e.g.) state-enforced monopolies); high fixed capital costs (e.g.) automanufacturing); price manipulation by leading firms in uncompetitive markets (e.g.) leading firms...
barriers to entry are a set of agreements that prohibits a company from entering a certain market.
Patents establish a temporary monopoly, preventing other entities from developing the same products without a license.
saturation of the markets it is looking to enter in