The growth of 14.1% CAGR can be seen in the market of
The global linked toy market is expected to reach
On the other hand, children are weak consumers who can not often understand how a linked toy works and what risk it can cause. To overcome these security concerns, the rules can play an important role in achieving more secure products. For example, in the US, the children’s online privacy protection rule has been extended to smart toys. Apart from this, in the case of Toy Data associated with the General Data Protection Regulation, there is a possibility of positive results on security and privacy.
Based on product type in 2017, app-enabled mechanical toys and drones have achieved the largest market share. The market is expected to increase with the progress of the application programming interface (API) for connected toys. Based on geography, North America led the market in 2017 and is expected to remain dominant in the coming years. The adoption of smart technologies in this field is expected to boost the growth of the toy market associated in the coming years.