Global Smart Contract Market Overview

The Smart Contract Market is expected to grow at a significant growth rate, and the analysis period is 2022-2028, considering base year as 2021.

A smart contract is a self-executing computer program that stores the contract's terms on the blockchain. The program executes automatically when the contract's requirements are met, essentially eliminating the need for intermediaries. Furthermore, with smart contracts in place, transaction costs are reduced and transaction speed is considerably boosted. Organizations have been studying smart contract applications and their potential for constructing Dapps since the technology's inception (decentralized applications). Smart contracts can expedite processes in numerous businesses that rely on contractual interactions, from trade finance to insurance to construction. While many businesses prefer to experiment with new technologies in pilot projects created from the ground up, current blockchain platforms that support smart contracts are more practical and further boost the Smart Contract Market.

Market Dynamics and Factors for the Smart Contract Market:                                                     

Drivers:

Smart contracts are the next generation of self-executing contracts that allow companies to safely execute deals using a variety of digital ledger platforms. Over the last few years, there has been a lot of digital transformation in the banking and finance industry. Smart technologies and automated technologies have been widely used by businesses of all sizes in both developing and developed nations. Because smart contracts are based on decentralized blockchain technology, they include essential bookkeeping capabilities and eliminate the potential of unauthorized access to accounting records. In the case of insurance claims, for example, the insurer performs error checking, routing, and payment transfers to the customer using smart contracts if everything is deemed to be in order.

The optimistic investments to boost smart contract infrastructure is supplementing the growth of the smart contract market. Smart contract venture capital deals totaled $116 million, more than double the previous three quarters combined and accounting for 86 percent of overall blockchain venture funding. More than $150 million has been raised by an Ethereum-based organization to experiment with and develop smart contract-driven apps. To replace its current system, the Australian Securities Exchange is creating a blockchain-based post-trade solution. The Post-Trade Distributed Ledger Group, which was formed to investigate post-trade blockchain applications, now has 37 financial institutions as members. Five multinational banks are developing smart contract-based trade finance and supply chain platforms as proof-of-concept systems.

The widespread benefits of smart contracts over traditional systems and creating an advantage for smart contracts to position themselves as an emerging method of secure and decentralized contract systems in the industry. Smart contracts can speed up and improve the efficiency of a wide range of corporate operations by using software code to automate tasks that would otherwise be completed manually. The unique selling point of the smart contract market is that automated transactions are not only speedier but also less prone to human error. Because execution is governed automatically by the network rather than by an individual entity, the decentralized approach essentially removes the danger of manipulation, non-performance, or errors. Smart contracts can help to decrease or eliminate the need for third-party intermediaries who provide "trust" services like escrow between counterparties. Smart contracts will enable new types of enterprises since they give a low-cost method of assuring that transactions are dependably carried out as expected.

Restraints:

Although scalability is a fundamental challenge with blockchain technology in general, it has unique consequences in this case, leading to additional security risks. There is currently no Blockchain that is optimized to manage the level of throughput required to enable the seamless application of smart contracts for the digitalization of securities and, more critically, for trading in those securities. PoW, a resource-intensive consensus process, is used by the majority of an existing blockchain. As a result, present Blockchain has limited scalability in this regard, as a tremendous increase in resource requirements is directly equal to a massive increase in resource requirements.

Opportunities:

By consolidating operations traditionally dispersed across several parties and databases on a single shared ledger, blockchain can improve supply chain and trade finance documentation efficiency. Paper-based systems that rely on trading parties and banks all around the world physically exchanging paperwork, which can take weeks for a single transaction, stymie supply chains all too often. Multiple parties must sign and reference letters of credit and bills of lading, raising the risk of loss and fraud. Because digital documents are easier to falsify, present technologies haven't addressed the problem; even current IT systems at banks simply track the logistics of physical documents for trade finance. A blockchain can provide all stakeholders in a transaction with safe, accessible digital versions. Contracts can be used to manage the approvals process and transmit payment automatically once all signatures have been obtained. Because existing paper-based systems handle $18 trillion in annual transactions, there's a compelling case to be made for lowering costs and improving supply chain and trade finance reliability. In this field, four start-ups have arisen, all of which have engaged in proof-of-concept operations with banks. The amount of money raised has not been revealed, but three well-known venture funds, as well as Barclays, have backed the project.

Challenge:

Given the present legal frameworks for recognizing electronic contracts, a court today is quite likely to recognize the legality of code that executes smart contract requirements. There is also precedence to suggest that a code-only smart contract would be protected in the same way. The roadblock to widespread smart contract adoption may thus be less about legal limitations and more about potential conflicts between smart contract programming and how parties transact business. The Smart contract market has numerous obstacles, including non-technical parties’ negotiations, drafting and adjudicating Smart Contracts, dependency on off-chain resources, changing and canceling contracts.

Market Segmentation

By Type, Decentralized Autonomous Organizations are anticipated to dominate the Smart Contract Market. Decentralized Autonomous Organizations (DAO) offers decentralized and automated organization. It functioned as a sort of open-source venture capital fund, with no normal management structure or board of directors. The DAO was unaffiliated with any nation-state to be decentralized, even though it used the Ethereum network. By putting decision-making power in the hands of an automated system and a crowd-sourced process, DAO is thought to reduce human error or manipulation of investment funds. The DAO, which runs on ether, was created to allow investors to send money anonymously from anywhere in the globe. The DAO would then issue tokens to those owners, allowing them to vote on potential projects. The integration of DAO in the businesses creates a growth factor for the Smart Contract Market.

By Platform, the Ethereum segment is dominating the Smart Contract Market. Ethereum was the first smart contract platform in the world, and it is still the most popular among developers today. The platform went live in 2015 and now allows for the implementation of applications ranging from initial coin offerings (ICOs) to insurance based on smart contracts. Because of its first-mover advantage, Ethereum has been able to garner significant funding and traction from well-known companies such as Intel and Samsung. Standardization, security, and support are the most obvious benefits of Ethereum's smart contract platform. Deploying smart contracts and Dapps on the platform has proven to be quite simple thanks to elegantly worded regulations, well-defined development criteria, and the platform's scripting language, Solidity. In terms of developer count (200,000), Ethereum outperforms all other smart contract platforms, making its development community one of the largest in the world.

By Enterprise Size, Large Enterprise is dominating in the enterprise size segment of Smart Contract Market. Large enterprise has enormous size and scale in terms of data, business transaction, internal and external contracts. Every year, such enterprises spend millions on contract execution via traditional methods which are lesser efficient and cost more money to organizations. To avoid large expenses and increase productivity, smart contract adoption in large enterprises is beneficial to execute complex transactions which required contract necessity. Big financial institutions, supply chain conglomerates, ecommerce giants, and Big IT companies are likely adopters of the Smart Contracts which is expected to propel the market globally.

By Industry Use, Financial services are expected to dominate the Smart Contract Market. Smart contracts and blockchain enable the opportunity to automate approval workflows and clear computations that are prone to lag and error, decreasing errors, cost, and time to settlement. Clearing and settlement of trades frequently require time-consuming operations such as multiple approvals and/or sophisticated internal and external reconciliations. Banks have large IT networks, yet each counterparty independent processing produces differences, which result in costly resolutions and settlement delays. The blockchain and smart contracts offer enormous potential for streamlining clearing and settlement processes. The Depository Trust & Clearing Corp. (DTCC) handled 345 million transactions totaling more than $1.5 quadrillion in securities. By 2022, Santander Bank's innovation fund, Santander Innoventures, estimates that blockchain technology will save $15–20 billion in infrastructure expenditures annually. Seven start-ups with more than $125 million in funding offer platforms or services aimed towards Smart Contract Market.

Players Covered in Smart Contract market are :

  • Unicsoft
  • SoluLab
  • ELEKS
  • Cubix
  • Labrys
  • Idealogic
  • Talentica Software
  • OpenXcell
  • Dash Technologies
  • CoinFabrik
  • Applicature
  • Altoros
  • Quytech and other major players.

Regional Analysis for the Smart Contract Market:

North America is dominating the smart contract market and is expected to see substantial growth during the forecasted period. Strong blockchain technology suppliers such as Google, Microsoft, and IBM, as well as a large IT sector in the United States, all, contribute to the development of smart contracts. This region's market is predicted to increase as a result of these factors. The worldwide IT sector is predicted to reach $5.18 trillion in 2020, with the United States accounting for about 31% of the global IT market. Delaware State has enacted Senate Bill 69, which permits blockchain-based enterprises to be formed and controlled. This legislation paved the way for the rise of decentralized autonomous organizations (DAOs), which act as companies with ownership and compensation embedded into smart contracts.

The Asia Pacific is expected to be one of the fastest-growing regions in terms of the adoption of smart contracts in various business verticals and new blockchain-based companies and startups creating a potent ecosystem for the growth of the smart contract market in the Asia Pacific region. When it comes to decentralized currencies, the Tezos blockchain has already shown encouraging outcomes in the region, particularly in open marketplaces like Hic et Nunc. The deployment of enterprise NFTs as a service is another attractive area for TZ APAC. On the Tezos platform, startups like KoineArth have established platforms like markets. MarketsN, a B2B supply chain network, uses the Tezos blockchain to enable businesses to enter into smart contracts, conversion of assets into NFTs, and blockchain-based business integration. This has created a positive ecosystem for the growth of the Smart Contract Market

Key Industry Developments in the Smart Contract Market:

  • In June 2020, PrairieDog Venture and Data Gumbo forged a partnership to leverage smart contracts to transform capital projects. Smart contracts will be developed as a result of the partnership, which will solve long-standing industry concerns about transactional and informational friction in capital projects, turnarounds, and maintenance for the industrial, commercial, and infrastructure building sectors.
  • In April 2019, EY announced today the launch of EY Smart Contract Analyzer, a smart contract testing, and security service for the public Ethereum blockchain. The service, now entering a private beta test, will allow users to monitor smart contracts and tokens for known security risks.

COVID-19 Impact on the Smart Contract Market:

The COVID-19 pandemic has had and continues to have a significant economic impact on all aspects of life, particularly health and business. Businesses throughout the world were forced to close or substantially limit their activities. Business transactions came to a halt, resulting in changes that influenced commercial transactions and consumer behavior. Business reports of severe decreases around the world are unprecedented. In difficult times like these, information technology may help define global trade and the future economy. Because human interaction in contract formulation and execution is nearly impossible during a pandemic, technological techniques such as blockchain smart contracts can be used to eliminate economic uncertainty. Smart contracts are blockchain-based automation solutions that digitally expedite the authentication, control, and execution of contract agreements. It is faster, cheaper, more accurate, and secure in a variety of industries, including financial services, healthcare, voting, and energy resources. This essay has a doctrinal perspective. It emphasizes the importance of technology, legislation, and commercial interactions in the context of COVID-19 and beyond. It examines the advantages of smart contracts and proposes legal ways to efficiently govern and supervise blockchain technology in Nigeria.

Global Smart Contract Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD XXX Bn.

Forecast Period 2022-28 CAGR:

XXX%

Market Size in 2028:

USD XXX Bn.

Segments Covered:

By Type

  • Smart Legal Contracts
  • Decentralized Autonomous Organizations
  • Application Logic Contracts

By Platform

  • Ethereum
  • Polkadot
  • Hyperledger Fabric
  • Tezos
  • Stellar
  • Solana

By Enterprise Size

  • Large Enterprise
  • SMEs

By Industry Use

  • Financial Services
  • Life Science & Healthcare
  • Technology
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • The Optimistic Investments to Boost Smart Contract Infrastructure

Key Market Restraints:

  • Security Risks and Scalability with Blockchain Technology

Key Opportunities:

  • Widespread Utilization in Banking Sector

Companies Covered in the report:

  • Unicsoft, SoluLab, ELEKS, Cubix, Labrys, Idealogic, and Other major players.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Platform
 3.3 By Enterprise Size
 3.4 By Industry Use

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Smart Contract Market by Type
 5.1 Smart Contract Market Overview Snapshot and Growth Engine
 5.2 Smart Contract Market Overview
 5.3 Smart Legal Contracts
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Smart Legal Contracts: Grographic Segmentation
 5.4 Decentralized Autonomous Organizations
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Decentralized Autonomous Organizations: Grographic Segmentation
 5.5 Application Logic Contracts
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Application Logic Contracts: Grographic Segmentation

Chapter 6: Smart Contract Market by Platform
 6.1 Smart Contract Market Overview Snapshot and Growth Engine
 6.2 Smart Contract Market Overview
 6.3 Ethereum
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Ethereum: Grographic Segmentation
 6.4 Polkadot
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Polkadot: Grographic Segmentation
 6.5 Hyperledger Fabric
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2016-2028F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Hyperledger Fabric: Grographic Segmentation
 6.6 Tezos
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size (2016-2028F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Tezos: Grographic Segmentation
 6.7 Stellar
  6.7.1 Introduction and Market Overview
  6.7.2 Historic and Forecasted Market Size (2016-2028F)
  6.7.3 Key Market Trends, Growth Factors and Opportunities
  6.7.4 Stellar: Grographic Segmentation
 6.8 Solana
  6.8.1 Introduction and Market Overview
  6.8.2 Historic and Forecasted Market Size (2016-2028F)
  6.8.3 Key Market Trends, Growth Factors and Opportunities
  6.8.4 Solana: Grographic Segmentation

Chapter 7: Smart Contract Market by Enterprise Size
 7.1 Smart Contract Market Overview Snapshot and Growth Engine
 7.2 Smart Contract Market Overview
 7.3 Large Enterprise
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size (2016-2028F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Large Enterprise: Grographic Segmentation
 7.4 SMEs
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size (2016-2028F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 SMEs: Grographic Segmentation

Chapter 8: Smart Contract Market by Industry Use
 8.1 Smart Contract Market Overview Snapshot and Growth Engine
 8.2 Smart Contract Market Overview
 8.3 Financial Services
  8.3.1 Introduction and Market Overview
  8.3.2 Historic and Forecasted Market Size (2016-2028F)
  8.3.3 Key Market Trends, Growth Factors and Opportunities
  8.3.4 Financial Services: Grographic Segmentation
 8.4 Life Science & Healthcare
  8.4.1 Introduction and Market Overview
  8.4.2 Historic and Forecasted Market Size (2016-2028F)
  8.4.3 Key Market Trends, Growth Factors and Opportunities
  8.4.4 Life Science & Healthcare: Grographic Segmentation
 8.5 Technology
  8.5.1 Introduction and Market Overview
  8.5.2 Historic and Forecasted Market Size (2016-2028F)
  8.5.3 Key Market Trends, Growth Factors and Opportunities
  8.5.4 Technology: Grographic Segmentation
 8.6 Others
  8.6.1 Introduction and Market Overview
  8.6.2 Historic and Forecasted Market Size (2016-2028F)
  8.6.3 Key Market Trends, Growth Factors and Opportunities
  8.6.4 Others: Grographic Segmentation

Chapter 9: Company Profiles and Competitive Analysis
 9.1 Competitive Landscape
  9.1.1 Competitive Positioning
  9.1.2 Smart Contract Sales and Market Share By Players
  9.1.3 Industry BCG Matrix
  9.1.4 Ansoff Matrix
  9.1.5 Smart Contract Industry Concentration Ratio (CR5 and HHI)
  9.1.6 Top 5 Smart Contract Players Market Share
  9.1.7 Mergers and Acquisitions
  9.1.8 Business Strategies By Top Players
 9.2 UNICSOFT
  9.2.1 Company Overview
  9.2.2 Key Executives
  9.2.3 Company Snapshot
  9.2.4 Operating Business Segments
  9.2.5 Product Portfolio
  9.2.6 Business Performance
  9.2.7 Key Strategic Moves and Recent Developments
  9.2.8 SWOT Analysis
 9.3 SOLULAB
 9.4 ELEKS
 9.5 CUBIX
 9.6 LABRYS
 9.7 IDEALOGIC
 9.8 TALENTICA SOFTWARE
 9.9 OPENXCELL
 9.10 DASH TECHNOLOGIES
 9.11 COINFABRIK
 9.12 APPLICATURE
 9.13 ALTOROS
 9.14 QUYTECH
 9.15 OTHER MAJOR PLAYERS

Chapter 10: Global Smart Contract Market Analysis, Insights and Forecast, 2016-2028
 10.1 Market Overview
 10.2 Historic and Forecasted Market Size By Type
  10.2.1 Smart Legal Contracts
  10.2.2 Decentralized Autonomous Organizations
  10.2.3 Application Logic Contracts
 10.3 Historic and Forecasted Market Size By Platform
  10.3.1 Ethereum
  10.3.2 Polkadot
  10.3.3 Hyperledger Fabric
  10.3.4 Tezos
  10.3.5 Stellar
  10.3.6 Solana
 10.4 Historic and Forecasted Market Size By Enterprise Size
  10.4.1 Large Enterprise
  10.4.2 SMEs
 10.5 Historic and Forecasted Market Size By Industry Use
  10.5.1 Financial Services
  10.5.2 Life Science & Healthcare
  10.5.3 Technology
  10.5.4 Others

Chapter 11: North America Smart Contract Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Type
  11.4.1 Smart Legal Contracts
  11.4.2 Decentralized Autonomous Organizations
  11.4.3 Application Logic Contracts
 11.5 Historic and Forecasted Market Size By Platform
  11.5.1 Ethereum
  11.5.2 Polkadot
  11.5.3 Hyperledger Fabric
  11.5.4 Tezos
  11.5.5 Stellar
  11.5.6 Solana
 11.6 Historic and Forecasted Market Size By Enterprise Size
  11.6.1 Large Enterprise
  11.6.2 SMEs
 11.7 Historic and Forecasted Market Size By Industry Use
  11.7.1 Financial Services
  11.7.2 Life Science & Healthcare
  11.7.3 Technology
  11.7.4 Others
 11.8 Historic and Forecast Market Size by Country
  11.8.1 U.S.
  11.8.2 Canada
  11.8.3 Mexico

Chapter 12: Europe Smart Contract Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Type
  12.4.1 Smart Legal Contracts
  12.4.2 Decentralized Autonomous Organizations
  12.4.3 Application Logic Contracts
 12.5 Historic and Forecasted Market Size By Platform
  12.5.1 Ethereum
  12.5.2 Polkadot
  12.5.3 Hyperledger Fabric
  12.5.4 Tezos
  12.5.5 Stellar
  12.5.6 Solana
 12.6 Historic and Forecasted Market Size By Enterprise Size
  12.6.1 Large Enterprise
  12.6.2 SMEs
 12.7 Historic and Forecasted Market Size By Industry Use
  12.7.1 Financial Services
  12.7.2 Life Science & Healthcare
  12.7.3 Technology
  12.7.4 Others
 12.8 Historic and Forecast Market Size by Country
  12.8.1 Germany
  12.8.2 U.K.
  12.8.3 France
  12.8.4 Italy
  12.8.5 Russia
  12.8.6 Spain
  12.8.7 Rest of Europe

Chapter 13: Asia-Pacific Smart Contract Market Analysis, Insights and Forecast, 2016-2028
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Type
  13.4.1 Smart Legal Contracts
  13.4.2 Decentralized Autonomous Organizations
  13.4.3 Application Logic Contracts
 13.5 Historic and Forecasted Market Size By Platform
  13.5.1 Ethereum
  13.5.2 Polkadot
  13.5.3 Hyperledger Fabric
  13.5.4 Tezos
  13.5.5 Stellar
  13.5.6 Solana
 13.6 Historic and Forecasted Market Size By Enterprise Size
  13.6.1 Large Enterprise
  13.6.2 SMEs
 13.7 Historic and Forecasted Market Size By Industry Use
  13.7.1 Financial Services
  13.7.2 Life Science & Healthcare
  13.7.3 Technology
  13.7.4 Others
 13.8 Historic and Forecast Market Size by Country
  13.8.1 China
  13.8.2 India
  13.8.3 Japan
  13.8.4 Singapore
  13.8.5 Australia
  13.8.6 New Zealand
  13.8.7 Rest of APAC

Chapter 14: Middle East & Africa Smart Contract Market Analysis, Insights and Forecast, 2016-2028
 14.1 Key Market Trends, Growth Factors and Opportunities
 14.2 Impact of Covid-19
 14.3 Key Players
 14.4 Key Market Trends, Growth Factors and Opportunities
 14.4 Historic and Forecasted Market Size By Type
  14.4.1 Smart Legal Contracts
  14.4.2 Decentralized Autonomous Organizations
  14.4.3 Application Logic Contracts
 14.5 Historic and Forecasted Market Size By Platform
  14.5.1 Ethereum
  14.5.2 Polkadot
  14.5.3 Hyperledger Fabric
  14.5.4 Tezos
  14.5.5 Stellar
  14.5.6 Solana
 14.6 Historic and Forecasted Market Size By Enterprise Size
  14.6.1 Large Enterprise
  14.6.2 SMEs
 14.7 Historic and Forecasted Market Size By Industry Use
  14.7.1 Financial Services
  14.7.2 Life Science & Healthcare
  14.7.3 Technology
  14.7.4 Others
 14.8 Historic and Forecast Market Size by Country
  14.8.1 Turkey
  14.8.2 Saudi Arabia
  14.8.3 Iran
  14.8.4 UAE
  14.8.5 Africa
  14.8.6 Rest of MEA

Chapter 15: South America Smart Contract Market Analysis, Insights and Forecast, 2016-2028
 15.1 Key Market Trends, Growth Factors and Opportunities
 15.2 Impact of Covid-19
 15.3 Key Players
 15.4 Key Market Trends, Growth Factors and Opportunities
 15.4 Historic and Forecasted Market Size By Type
  15.4.1 Smart Legal Contracts
  15.4.2 Decentralized Autonomous Organizations
  15.4.3 Application Logic Contracts
 15.5 Historic and Forecasted Market Size By Platform
  15.5.1 Ethereum
  15.5.2 Polkadot
  15.5.3 Hyperledger Fabric
  15.5.4 Tezos
  15.5.5 Stellar
  15.5.6 Solana
 15.6 Historic and Forecasted Market Size By Enterprise Size
  15.6.1 Large Enterprise
  15.6.2 SMEs
 15.7 Historic and Forecasted Market Size By Industry Use
  15.7.1 Financial Services
  15.7.2 Life Science & Healthcare
  15.7.3 Technology
  15.7.4 Others
 15.8 Historic and Forecast Market Size by Country
  15.8.1 Brazil
  15.8.2 Argentina
  15.8.3 Rest of SA

Chapter 16 Investment Analysis

Chapter 17 Analyst Viewpoint and Conclusion

Global Smart Contract Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD XXX Bn.

Forecast Period 2022-28 CAGR:

XXX%

Market Size in 2028:

USD XXX Bn.

Segments Covered:

By Type

  • Smart Legal Contracts
  • Decentralized Autonomous Organizations
  • Application Logic Contracts

By Platform

  • Ethereum
  • Polkadot
  • Hyperledger Fabric
  • Tezos
  • Stellar
  • Solana

By Enterprise Size

  • Large Enterprise
  • SMEs

By Industry Use

  • Financial Services
  • Life Science & Healthcare
  • Technology
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • The Optimistic Investments to Boost Smart Contract Infrastructure

Key Market Restraints:

  • Security Risks and Scalability with Blockchain Technology

Key Opportunities:

  • Widespread Utilization in Banking Sector

Companies Covered in the report:

  • Unicsoft, SoluLab, ELEKS, Cubix, Labrys, Idealogic, and Other major players.

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. SMART CONTRACT MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. SMART CONTRACT MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. SMART CONTRACT MARKET COMPETITIVE RIVALRY
TABLE 005. SMART CONTRACT MARKET THREAT OF NEW ENTRANTS
TABLE 006. SMART CONTRACT MARKET THREAT OF SUBSTITUTES
TABLE 007. SMART CONTRACT MARKET BY TYPE
TABLE 008. SMART LEGAL CONTRACTS MARKET OVERVIEW (2016-2028)
TABLE 009. DECENTRALIZED AUTONOMOUS ORGANIZATIONS MARKET OVERVIEW (2016-2028)
TABLE 010. APPLICATION LOGIC CONTRACTS MARKET OVERVIEW (2016-2028)
TABLE 011. SMART CONTRACT MARKET BY PLATFORM
TABLE 012. ETHEREUM MARKET OVERVIEW (2016-2028)
TABLE 013. POLKADOT MARKET OVERVIEW (2016-2028)
TABLE 014. HYPERLEDGER FABRIC MARKET OVERVIEW (2016-2028)
TABLE 015. TEZOS MARKET OVERVIEW (2016-2028)
TABLE 016. STELLAR MARKET OVERVIEW (2016-2028)
TABLE 017. SOLANA MARKET OVERVIEW (2016-2028)
TABLE 018. SMART CONTRACT MARKET BY ENTERPRISE SIZE
TABLE 019. LARGE ENTERPRISE MARKET OVERVIEW (2016-2028)
TABLE 020. SMES MARKET OVERVIEW (2016-2028)
TABLE 021. SMART CONTRACT MARKET BY INDUSTRY USE
TABLE 022. FINANCIAL SERVICES MARKET OVERVIEW (2016-2028)
TABLE 023. LIFE SCIENCE & HEALTHCARE MARKET OVERVIEW (2016-2028)
TABLE 024. TECHNOLOGY MARKET OVERVIEW (2016-2028)
TABLE 025. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 026. NORTH AMERICA SMART CONTRACT MARKET, BY TYPE (2016-2028)
TABLE 027. NORTH AMERICA SMART CONTRACT MARKET, BY PLATFORM (2016-2028)
TABLE 028. NORTH AMERICA SMART CONTRACT MARKET, BY ENTERPRISE SIZE (2016-2028)
TABLE 029. NORTH AMERICA SMART CONTRACT MARKET, BY INDUSTRY USE (2016-2028)
TABLE 030. N SMART CONTRACT MARKET, BY COUNTRY (2016-2028)
TABLE 031. EUROPE SMART CONTRACT MARKET, BY TYPE (2016-2028)
TABLE 032. EUROPE SMART CONTRACT MARKET, BY PLATFORM (2016-2028)
TABLE 033. EUROPE SMART CONTRACT MARKET, BY ENTERPRISE SIZE (2016-2028)
TABLE 034. EUROPE SMART CONTRACT MARKET, BY INDUSTRY USE (2016-2028)
TABLE 035. SMART CONTRACT MARKET, BY COUNTRY (2016-2028)
TABLE 036. ASIA PACIFIC SMART CONTRACT MARKET, BY TYPE (2016-2028)
TABLE 037. ASIA PACIFIC SMART CONTRACT MARKET, BY PLATFORM (2016-2028)
TABLE 038. ASIA PACIFIC SMART CONTRACT MARKET, BY ENTERPRISE SIZE (2016-2028)
TABLE 039. ASIA PACIFIC SMART CONTRACT MARKET, BY INDUSTRY USE (2016-2028)
TABLE 040. SMART CONTRACT MARKET, BY COUNTRY (2016-2028)
TABLE 041. MIDDLE EAST & AFRICA SMART CONTRACT MARKET, BY TYPE (2016-2028)
TABLE 042. MIDDLE EAST & AFRICA SMART CONTRACT MARKET, BY PLATFORM (2016-2028)
TABLE 043. MIDDLE EAST & AFRICA SMART CONTRACT MARKET, BY ENTERPRISE SIZE (2016-2028)
TABLE 044. MIDDLE EAST & AFRICA SMART CONTRACT MARKET, BY INDUSTRY USE (2016-2028)
TABLE 045. SMART CONTRACT MARKET, BY COUNTRY (2016-2028)
TABLE 046. SOUTH AMERICA SMART CONTRACT MARKET, BY TYPE (2016-2028)
TABLE 047. SOUTH AMERICA SMART CONTRACT MARKET, BY PLATFORM (2016-2028)
TABLE 048. SOUTH AMERICA SMART CONTRACT MARKET, BY ENTERPRISE SIZE (2016-2028)
TABLE 049. SOUTH AMERICA SMART CONTRACT MARKET, BY INDUSTRY USE (2016-2028)
TABLE 050. SMART CONTRACT MARKET, BY COUNTRY (2016-2028)
TABLE 051. UNICSOFT: SNAPSHOT
TABLE 052. UNICSOFT: BUSINESS PERFORMANCE
TABLE 053. UNICSOFT: PRODUCT PORTFOLIO
TABLE 054. UNICSOFT: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 054. SOLULAB: SNAPSHOT
TABLE 055. SOLULAB: BUSINESS PERFORMANCE
TABLE 056. SOLULAB: PRODUCT PORTFOLIO
TABLE 057. SOLULAB: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 057. ELEKS: SNAPSHOT
TABLE 058. ELEKS: BUSINESS PERFORMANCE
TABLE 059. ELEKS: PRODUCT PORTFOLIO
TABLE 060. ELEKS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 060. CUBIX: SNAPSHOT
TABLE 061. CUBIX: BUSINESS PERFORMANCE
TABLE 062. CUBIX: PRODUCT PORTFOLIO
TABLE 063. CUBIX: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 063. LABRYS: SNAPSHOT
TABLE 064. LABRYS: BUSINESS PERFORMANCE
TABLE 065. LABRYS: PRODUCT PORTFOLIO
TABLE 066. LABRYS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 066. IDEALOGIC: SNAPSHOT
TABLE 067. IDEALOGIC: BUSINESS PERFORMANCE
TABLE 068. IDEALOGIC: PRODUCT PORTFOLIO
TABLE 069. IDEALOGIC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 069. TALENTICA SOFTWARE: SNAPSHOT
TABLE 070. TALENTICA SOFTWARE: BUSINESS PERFORMANCE
TABLE 071. TALENTICA SOFTWARE: PRODUCT PORTFOLIO
TABLE 072. TALENTICA SOFTWARE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 072. OPENXCELL: SNAPSHOT
TABLE 073. OPENXCELL: BUSINESS PERFORMANCE
TABLE 074. OPENXCELL: PRODUCT PORTFOLIO
TABLE 075. OPENXCELL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 075. DASH TECHNOLOGIES: SNAPSHOT
TABLE 076. DASH TECHNOLOGIES: BUSINESS PERFORMANCE
TABLE 077. DASH TECHNOLOGIES: PRODUCT PORTFOLIO
TABLE 078. DASH TECHNOLOGIES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 078. COINFABRIK: SNAPSHOT
TABLE 079. COINFABRIK: BUSINESS PERFORMANCE
TABLE 080. COINFABRIK: PRODUCT PORTFOLIO
TABLE 081. COINFABRIK: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 081. APPLICATURE: SNAPSHOT
TABLE 082. APPLICATURE: BUSINESS PERFORMANCE
TABLE 083. APPLICATURE: PRODUCT PORTFOLIO
TABLE 084. APPLICATURE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 084. ALTOROS: SNAPSHOT
TABLE 085. ALTOROS: BUSINESS PERFORMANCE
TABLE 086. ALTOROS: PRODUCT PORTFOLIO
TABLE 087. ALTOROS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 087. QUYTECH: SNAPSHOT
TABLE 088. QUYTECH: BUSINESS PERFORMANCE
TABLE 089. QUYTECH: PRODUCT PORTFOLIO
TABLE 090. QUYTECH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 090. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 091. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 092. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 093. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. SMART CONTRACT MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. SMART CONTRACT MARKET OVERVIEW BY TYPE
FIGURE 012. SMART LEGAL CONTRACTS MARKET OVERVIEW (2016-2028)
FIGURE 013. DECENTRALIZED AUTONOMOUS ORGANIZATIONS MARKET OVERVIEW (2016-2028)
FIGURE 014. APPLICATION LOGIC CONTRACTS MARKET OVERVIEW (2016-2028)
FIGURE 015. SMART CONTRACT MARKET OVERVIEW BY PLATFORM
FIGURE 016. ETHEREUM MARKET OVERVIEW (2016-2028)
FIGURE 017. POLKADOT MARKET OVERVIEW (2016-2028)
FIGURE 018. HYPERLEDGER FABRIC MARKET OVERVIEW (2016-2028)
FIGURE 019. TEZOS MARKET OVERVIEW (2016-2028)
FIGURE 020. STELLAR MARKET OVERVIEW (2016-2028)
FIGURE 021. SOLANA MARKET OVERVIEW (2016-2028)
FIGURE 022. SMART CONTRACT MARKET OVERVIEW BY ENTERPRISE SIZE
FIGURE 023. LARGE ENTERPRISE MARKET OVERVIEW (2016-2028)
FIGURE 024. SMES MARKET OVERVIEW (2016-2028)
FIGURE 025. SMART CONTRACT MARKET OVERVIEW BY INDUSTRY USE
FIGURE 026. FINANCIAL SERVICES MARKET OVERVIEW (2016-2028)
FIGURE 027. LIFE SCIENCE & HEALTHCARE MARKET OVERVIEW (2016-2028)
FIGURE 028. TECHNOLOGY MARKET OVERVIEW (2016-2028)
FIGURE 029. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 030. NORTH AMERICA SMART CONTRACT MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 031. EUROPE SMART CONTRACT MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 032. ASIA PACIFIC SMART CONTRACT MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 033. MIDDLE EAST & AFRICA SMART CONTRACT MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 034. SOUTH AMERICA SMART CONTRACT MARKET OVERVIEW BY COUNTRY (2016-2028)

Frequently Asked Questions :

What would be the forecast period in the Smart Contract Market research report?

The forecast period in the Smart Contract Market research report is 2022-2028.

Who are the key players in Smart Contract Market?

Unicsoft, SoluLab, ELEKS, Cubix, Labrys, Idealogic, Talentica Software, OpenXcell, Dash Technologies, CoinFabrik, Applicature, Altoros, Quytech, and other major players.

What are the segments of the Smart Contract Market?

The Smart Contract Market is segmented into Type, Platform, Enterprise Size, Industry Use, and region. By Type, the market is categorized into, Smart Legal Contracts, Decentralized Autonomous Organizations, and Application Logic Contracts. By Platform, the market is categorized into, Ethereum, Polkadot, Hyperledger Fabric, Tezos, Stellar, and Solana. By Enterprise Size, the market is categorized into, Large Enterprise, and SMEs. By Enterprise Size, the market is categorized into, Financial Services, Life Science & Healthcare, Technology, and Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Smart Contract Market?

A smart contract is a self-executing computer program that stores the contract's terms on the blockchain. The program executes automatically when the contract's requirements are met, essentially eliminating the need for intermediaries.

How big is the Smart Contract Market?

The Smart Contract Market is expected to grow at a significant growth rate, and the analysis period is 2022-2028, considering base year as 2021.