What are smart contracts?

Smart contracts are self-executing contracts with the terms of the agreement directly written into code. They automatically enforce and execute contractual clauses when predefined conditions are met.

How big is the smart contracts market?

The Global Smart contracts Market size is poised for significant growth, reaching USD 1.9 Billion in 2024 . The sales are expected to witness a robust CAGR of 25.8% from 2024 to 2033. By 2033, the smart contracts demand is anticipated to reach a valuation of USD 14.9 Billion.

What is the significance of the smart contracts market?

The smart contracts market is crucial for enabling decentralized, trustless transactions. It plays a key role in industries such as finance, real estate, supply chain, and more by automating and securing complex processes.

Which industries are adopting smart contracts?

Industries like finance, insurance, healthcare, real estate, and supply chain are increasingly adopting smart contracts to streamline processes, reduce costs, and enhance security.

What is the most popular smart contract platform?

Currently, Ethereum stands out as the most popular smart contract platform. Its widespread adoption and developer community make it a leading choice for deploying and executing smart contracts. However, other platforms like Binance Smart Chain and Solana are gaining traction.

Who runs smart contracts?

Smart contracts run on decentralized networks, typically blockchain platforms. They operate autonomously, executing code when predefined conditions are met. The decentralized nature ensures trust, security, and resilience, as no single entity has control over the entire network.

Who are the key players in the smart contracts market?

Some key players operating in the smart contracts market include IBM Corporation, Tata Consultancy Services Limited, Innowise Group, Amazon Web Services, Inc., Oracle Corporation, Infosys Limited, Waves, Algorand, Monax Industries Ltd., Chainlink Docs, ScienceSoft, ELEKS, Other Key Players

Global Smart Contracts Market By Platform (Ethereum, Cardano, Polkadot, BNB Chain, Other Platforms), By Blockchain Type (Private, Public, Hybrid), By Enterprise Size (Large Enterprises, Small & Medium Enterprises (SMEs)), By End-Use Industry (BFSI, Logistics, Real Estate, Healthcare, Retail and Other End-Use Industries), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2024-2033

Published date: Jan. 2024
Report ID: 112089
Number of Pages: 203
Format:

- IBM Corporation
- Tata Consultancy Services Limited
- Innowise Group
- Amazon Web Services, Inc.
- Oracle Corporation
- Infosys Limited
- Waves
- Algorand
- Monax Industries Ltd.
- Chainlink Docs
- ScienceSoft
- ELEKS
- Other Key Players
Settings

Related Reports

Our Clients

Inquiry Before Buying

Report ID 112089
Published Date Jan. 2024
Rating
- ★★★★★
  
  ★★★★★
- (62)

Buy Now

Trusted by more than 17382 organizations globally

✖

Request a Sample Report

We'll get back to you as quickly as possible

	Single User $6,000 $3,999 USD / per unit save 24%	Multi User $8,000 $5,999 USD / per unit save 28%	Corporate User $10,000 $6,999 USD / per unit save 32%
e-Access
Report Library Access
Data Set (Excel)
Print
Company Profile Library Access
Interactive Dashboard
Free Custumization	No	up to 10 hrs work	up to 30 hrs work
Accessibility	1 User	2-5 User	Unlimited
Analyst Support	up to 20 hrs	up to 40 hrs	up to 50 hrs
Benefit	Up to 20% off on next purchase	Up to 25% off on next purchase	Up to 30% off on next purchase
	Buy Now ($ 3,999)	Buy Now ($ 5,999)	Buy Now ($ 6,999)