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Global Smart Toys Market

Global Smart Toys Market

Submitted by • March 12, 2019

Global Smart Toys Market was valued US$3.87 Bn in 2017 and is estimated to reach US$6.51 Bn by 2026 at a CAGR of 5.15%.

The growth of the smart toys market is primarily due to the growing awareness of technology, internet, etc. which encourages children to play with them. Changing lifestyle, advancement in artificial intelligence drives the smart toys market. Increasing urban population and rapidly growing smart toy consumers in emerging countries such as China and India are the key factors projected to fuel the growth of the smart toys market during the forecast period. Security and privacy become the main concern for smart toys market. Government policy on the value and the price of the products may hinder the global smart toys market growth over the forecast period.

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Voted by jayashree

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