Smart Contracts Market report - Valuates reports

BENGALURU, India - Aug. 9, 2022 - PRLog -- Smart Contracts market size is projected to reach US$ 1460.3 million by 2028, from US$ 315.1 million in 2021, at a Compound Annual Growth Rate (CAGR) of 24.2% during 2022-2028.

Smart Contracts Market Share Analysis

Based on application, the government sector is expected to maintain the lead in the smart contracts market share owing to its extensive use in public sector enterprises and government organizations for speeding up and streamlining systems.

Based on type, the segmentations are public and private blockchain. Public blockchains are completely free and follow decentralization heavily. While private blockchains have limited entry of verified participants.

Based on region, North America is expected to dominate in the smart contracts market share due to rising digitization and the presence of key players.

Smart Contracts Market By Type

• Public Blockchain
• Private Blockchain
• Others

Smart Contracts Market By Application

• Financial
• Government
• Insurance
• Healthcare
• Supply Chain
• Others

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