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SMPL
New Delhi [India], July 22: Artificial Intelligence (AI) holds significant importance in today's rapidly advancing era, driving transformative innovations across various domains. Its impact extends even to children's playful learning, where it can enhance communication skills, nurture emotional intelligence, and provide support for self-expression and social interaction. Through capabilities such as dynamic conversation and problem-solving guidance, AI-powered toys offer unique opportunities for holistic development in children. According to industry sources, the AI toy market is expected to expand rapidly over the coming years, driven by increasing consumer demand for interactive and educational toys that enhance children's cognitive abilities and social skills. This growth presents innovative companies with ample opportunities to develop cutting-edge products and lead in this evolving sector, potentially solidifying their positions as pioneers in educational technology and interactive play experiences. The interactive robot toys market, a sub-segment of the educational toy sector, has demonstrated exponential growth potential. According to a report by MarketsandMarkets, it is anticipated to reach USD 34.3 billion by 2025, signifying a tremendous opportunity for innovative companies. Additionally, the growing edutainment market, which is expected to reach USD 70 billion by 2025, presents a significant opportunity for companies like Federal Soft Systems to incorporate AI into toys and capture a substantial share. Federal Soft Systems Inc., a leading global IT products and services company specializing in digital transformation for diverse business verticals, has announced its strategic entry into the interactive robot toys market. This exciting move emphasizes the integration of Artificial Intelligence (AI) to create enriching and engaging learning experiences for children. The announcement follows the company's successful acquisition of innovative educational products in 2021, namely Magik Mat and My Talking Tree. Magik Mat serves as an innovative educational product, while My Talking Tree integrates AI for learning and development. These acquisitions form the foundation for the company's pioneering venture into the world of interactive educational toys and have solidified its presence in the educational technology sector. Building on this foundation, Federal Soft Systems Inc. is expanding its product line to include a broader range of interactive robot toys. These AI-powered playthings engage kids in conversations, storytelling, dancing, singing, and problem-solving activities to enhance communication skills and emotional intelligence, preparing children for a tech-driven future without sacrificing fun. Recognizing the importance of a holistic upbringing, their innovative edutainment toys also promote physical activity, social interaction, and cognitive development. By integrating AI into personalized toys, the company aims to make a significant impact on educational technology. This approach blends entertainment with learning, redefining children's play experiences and fostering holistic growth for a tech-savvy generation. With a dedicated focus on kids' learning engagement and holistic development, Federal Soft Systems is poised to make a lasting impact on the AI toy industry. The company's innovative approach aims to redefine the future of children's play, ensuring that learning and fun go hand in hand. As AI-powered toys continue to grow at an estimated annual rate of 15 per cent, Federal Soft Systems is well-positioned to capitalize on this trend and make a significant impact in the USD 90 billion global toy market. (ADVERTORIAL DISCLAIMER: The above press release has been provided by SMPL. ANI will not be responsible in any way for the content of the same)
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