Global Smart Contracts Market Insights and Forecast to 2028

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.
Market Analysis and Insights: Global Smart Contracts Market
The global Smart Contracts market size is projected to reach US$ 1460.3 million by 2028, from US$ 315.1 million in 2021, at a CAGR of 24.2% during 2022-2028.
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.
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Global Smart Contracts Scope and Market Size
Smart Contracts market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Smart Contracts market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Public Blockchain
Private Blockchain
Others
Segment by Application
Financial
Government
Insurance
Healthcare
Supply Chain
Others
By Company
IBM
AWS
Oracle
Infosys
Solana
Nem
Waves
RSK
Algorand
GoCoin
Avalanche
Stratis
Tata Consultancy Services
Monax Industries
Chainlink
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA