Connected Toys Market Outlook To 2026: Biggest Driving Factors For Market Growth
Category: #Technology  By Partha Ray  Date: 2020-05-06
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Connected Toys Market Outlook To 2026: Biggest Driving Factors For Market Growth

The connected toys market report, in a nutshell, is a composition of very vital aspects. The study aims to simplify the understanding of the industry for potential stakeholders and help them streamline the process of business decision-making. Pivotal details such as the SWOT analysis, Porter’s analysis, and industry impact forces are mentioned in the report that also elucidates substantial information pertaining to the pitfalls and challenges prevailing in the industry.

Data breaches and concerns related to children’s privacy are the factors hindering the connected toys market growth. Several government agencies/organizations are implementing several regulations to curb these breaches. For instance, in February 2017, Federal Network Agency in Germany banned “My Friend Cayla”, an internet-connected toy, which was able to chat with young children. The authorities urged parents nationwide to disable the toy as it was embedded with an insecure Bluetooth device.

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Connected toys market report industry segmentation – What points are mentioned in the study about the interface spectrum?

  • As per the study, the market is disbanded into App-based connected drones, Console connected toys, Smartphone connected toys, Tablet connected toys, with reference to the interface spectrum.
  • The report contains details pertaining to the market share that every segment will procure by the end of the forecast period.
  • The growth rate that the interface segments over the projected duration are also mentioned in the report alongside the target remuneration.

In the connected toys market, online distribution channel accounted for the majority of the sales revenue owing to the advantages offered by this channel such as ease in shopping and large reach of home delivery of products to remote locations. Moreover, online retailers are using several techniques, such as providing promotional offers and using special displays, to lure customers into buying innovative products. Price discounts are being offered by various e-commerce companies on the channel, driving the sales retailers globally. Several businesses are moving their brick & mortar stores to e-stores

Connected toys market report industry segmentation – What points are mentioned in the study about the Distribution Channel spectrum?

  • The study segregates the market into Retailers, Online, Specialty storess.
  • The report is inclusive has details pertaining to the market share that every sub-segment will account for by the end of the projected duration.
  • The growth rate that the sub-segments will record over the projected timeline has been discussed in the study in tandem with the target remuneration.

Companies operating in the connected toys market include the Lego Group, Mattle Inc., Hasbro, Inc., Sphero Inc., Fisher-Price, Inc., K'NEX Industries Inc., Kids II Inc., Jabil Inc., LeapFrog Enterprises, Inc., Tomy Company, Ltd., Tru Kids, Inc., VTech Electronics North America, LLC., Little Tikes, Melissa & Doug, and Nintendo Co., Ltd. The industry is witnessing several innovations and collaborations to innovate and develop intelligent & interactive toys. Moreover, several companies globally are engaged in innovating superior toys that will help drive their revenue and expand their presence in the market.

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Certain other important report takeaways:

  • Overall analysis: The report contains a 360 degree analysis of the connected toys market, that encompasses important pointers pertaining to the industry in question.
  • Price: Pricing trends that are prevalent in the connected toys market are detailed in the report.
  • Financial data: The study makes a mention of the financial data of the companies in the industry.
  • Regulatory landscape: The regulations that govern the growth of the market spanning the developing and developed economies are provided in the report.
  • Market definitions: Suitable market definitions are included in the report.

In substance, the connected toys market report analyses the industry landscape in terms of numerous parameters, like the driving forces impacting the revenue scale of this industry and the ongoing trends defining the industry spectrum. In addition, the study mentioned the industry insights, market segmentation, and is also inclusive of information pertaining to the companies that partake in market share.

About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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