Press release
Smart Contracts Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports
Smart Contracts Market AnalysisSmart 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.
The global Smart Contracts market was valued at US$ 315.1 million in 2023 and is anticipated to reach US$ 1460.3 million by 2030, witnessing a CAGR of 24.2% during the forecast period 2024-2030.
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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 aims to provide a comprehensive presentation of the global market for Smart Contracts, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Smart Contracts.
Report Scope
The Smart Contracts market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Smart Contracts market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Smart Contracts companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
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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
• Smart Legal Contract
• Decentralized Autonomous Organization (DAO)
• Application Logic Contract (ALC)
Segment by Application
• Financial
• Government
• Insurance
• Healthcare
• Supply Chain
• Others
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