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Smart Contracts Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports
Smart Contracts Market Analysis - 2029The global Smart Contracts market was valued at US$ 397.8 million in 2022 and is anticipated to reach US$ 1460.3 million by 2029, witnessing a CAGR of 24.2% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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Smart Contracts Market Share Analysis
Based on application, the government sector is expected to maintain the lead in the smart contracts market share owing to its extensive use in public sector enterprises and government organizations for speeding up and streamlining systems.
Based on type, the segmentations are public and private blockchain. Public blockchains are completely free and follow decentralization heavily. While private blockchains have limited entry of verified participants.
Based on region, North America is expected to dominate in the smart contracts market share due to rising digitization and the presence of key players.
Some of the Top Companies in the Smart Contract Market are:
Coinbase - Coinbase Global, Inc., or Coinbase, is a cryptocurrency exchange platform based in the United States. Coinbase is a remote-first company with no physical headquarters. Brian Armstrong and Fred Ehrsam launched the company in 2012, and it was the largest cryptocurrency exchange in the United States by trading volume as of March 2021.
Bitfinex - The world of digital assets is changing at a breakneck speed. Keeping up with such rapid technological change necessitates a forward-thinking and flexible strategy. Bitfinex offers the users and worldwide liquidity providers cutting-edge digital asset trading services.
Monetas - Mpnetas specializes in creating highly sophisticated utility solutions that would otherwise be impossible to use by a large number of people. Monetas are working on a crypto token, a cryptocurrency best investment solution that customers may use across a variety of utility solutions with no constraints while protecting their security and privacy.
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By Company
• IBM
• AWS
• Oracle
• Infosys
• Solana
• Nem
• Waves
• RSK
• Algorand
• GoCoin
• Avalanche
• Stratis
• Tata Consultancy Services
• Monax Industries
• Chainlink
Segment by Type
• Public Blockchain
• Private Blockchain
• Others
Segment by Application
• Financial
• Government
• Insurance
• Healthcare
• Supply Chain
• Others
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