Growth of the 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 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 market during the forecast period. Security and privacy become the main concern for market. Government policy on the value and the price of the products may hinder the global market growth over the forecast period.
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