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Over the decades, smart toys have grown from a niche industry to a profitable business. According to UK-based analyst firm Juniper Research, annual smart toy sales across the globe are expected to grow to $11.3 billion by 2020. Today, toy stores not only have an array of classic board Games and stuffed animals but also internet connected devices, smart racing cars and drones, smart building blocks, and even robots that teach kids how to code.

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