Global Smart Contracts Market Growth (Status and Outlook) 2023-2029

Global Smart Contracts Market Growth (Status and Outlook) 2023-2029

Smart contracts are simply programs stored on a blockchain that run when predetermined conditions are met. They typically are used to automate the execution of an agreement so that all participants can be immediately certain of the outcome, without any intermediary’s involvement or time loss. They can also automate a workflow, triggering the next action when conditions are met.
LPI (LP Information)' newest research report, the “Smart Contracts Industry Forecast” looks at past sales and reviews total world Smart Contracts sales in 2022, providing a comprehensive analysis by region and market sector of projected Smart Contracts sales for 2023 through 2029. With Smart Contracts sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Smart Contracts industry.
This Insight Report provides a comprehensive analysis of the global Smart Contracts landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Smart Contracts portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Smart Contracts market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Smart Contracts and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Smart Contracts.
The global Smart Contracts market size is projected to grow from US$ 308.2 million in 2022 to US$ 1478.4 million in 2029; it is expected to grow at a CAGR of 25.1% from 2023 to 2029.
Global Smart Contracts companies include IBM, AWS, Oracle, Infosys and Solana, etc. Global top 3 companies hold a share over 52%. North America is the largest market, with a share about 43%, followed by Europe and Asia-Pacific.
This report presents a comprehensive overview, market shares, and growth opportunities of Smart Contracts market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Smart Legal Contract
Decentralized Autonomous Organization (DAO)
Application Logic Contract (ALC)
Segmentation by application
Financial
Government
Insurance
Healthcare
Supply Chain
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
IBM
Oracle
Chainlink
Microsoft
Alibaba
Baidu
Accenture
Icertis
Konfidio
NTT Data
Vmware
Stratis
Waves
Solana
RSK
Nem
Infosys
ConsenSys
Monax Industries
GoCoin
Algorand
Avalanche
Tata Consultancy Services

Please note: The report will take approximately 2 business days to prepare and deliver.