The increase in number of games bars, cafes and family entertainment centers worldwide is boosting the demand for toys and games According to a new report published by Allied Market Research, titled, “Toys Market by Product Type, Age Group and Sales Channel: Opportunity Analysis and Industry Forecast, 2021–2027,” the toys market size was $92.2 billion in …
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Smart Toys Market Emerging Trends and Will Generate New Growth Opportunities Status 2030
Smart toys are the modern-day toys, which possess artificial intelligence, and consist of a microprocessor, volatile or nonvolatile memory units, and input & output devices. These toys are often confused with educational toys, which do not possess artificial intelligence, and are used specifically for the purpose of learning. For example, a rhyme narrating toy cannot …