Smart contracts refer to self-executing contracts with the terms of agreement between seller and buyer being directly written into lines of code. Generally, the code and the agreements contained therein exist across a distributed, decentralized blockchain network. A blockchain is nearly impossible to hack or shut down. Smart contracts were proposed by Nick Szabo in 1994. Smart contracts are computerized transaction protocols that execute terms of a contract.
This report contains market size and forecasts of Smart Contract Platform in Global, including the following market information:
Global Smart Contract Platform Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Smart Contract Platform market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Cloud Based Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Smart Contract Platform include æternity blockchain, AlphaPoint, AnChain.AI, BigchainDB, Bison Trails Co., Block Notary, BlockApps, BlockCAT Technologies and Blockstream, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Smart Contract Platform companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Smart Contract Platform Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Smart Contract Platform Market Segment Percentages, by Type, 2021 (%)
Cloud Based
On Premises
Global Smart Contract Platform Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Smart Contract Platform Market Segment Percentages, by Application, 2021 (%)
IT and Telecom
BFSI
Logistics & Transportation
Industrial
Healthcare
Others
Global Smart Contract Platform Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Smart Contract Platform Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Smart Contract Platform revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Smart Contract Platform revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
æternity blockchain
AlphaPoint
AnChain.AI
BigchainDB
Bison Trails Co.
Block Notary
BlockApps
BlockCAT Technologies
Blockstream
Brickblock Digital Services
ChromaWay
Chronicled
CloudFabrix Software
Corda
Credits
DigiByte Holdings
Digital Asset
Ethereum
Hyperledger
IBM
Icertis
Kadena
Microsoft
Monax
Neo Team
OpenLaw
Polymath
Riverr Pte. Ltd.
Sanjh
Symbiont