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North America Smart Contracts Market Size, Share & Trends Analysis Report By Enterprise Size, By Blockchain Type, By Platform (Ethereum, Cardano, BNB Chain, Polkadot and Others), By Type, By End-Use, By Country and Growth Forecast, 2023 - 2030

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    Report

  • 119 Pages
  • January 2024
  • Region: North America
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5928371
The North America Smart Contracts Market would witness market growth of 49.2% CAGR during the forecast period (2023-2030).

Smart contracts have become a revolutionary force in the rapidly changing field of blockchain technology, revolutionizing the way parties engage in digital agreements and transactions. These self-executing contracts, encoded with predefined rules and conditions, operate on decentralized blockchain networks, providing a trustless and automated framework for many applications. The smart contracts market, propelled by the growing adoption of blockchain technology, has witnessed significant advancements, applications across diverse industries, and a continuous wave of innovation.

In addition, the adoption of smart contracts marks a paradigm shift in the way contractual agreements are conceptualized, executed, and enforced. As businesses and industries seek efficient, secure, and transparent solutions, smart contracts offer a decentralized alternative to traditional contractual processes. The adoption of blockchain, the underlying technology powering smart contracts, has fostered trust and reduced reliance on intermediaries in digital transactions.

The United States has been a significant player in the financial sectors, and adopting digital trading platforms has been a prominent trend. These platforms facilitate the electronic buying and selling of financial instruments by investors, thereby enhancing trading efficiency and accessibility. Thus, growing digital trading and healthcare investments in North America are expected to boost the demand for smart contracts in the region.

The US market dominated the North America Smart Contracts Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,614.6 million by 2030. The Canada market is experiencing a CAGR of 52.6% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 51.2% during (2023 - 2030).

Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Blockchain Type, the market is segmented into Public, Private and Hybrid. Based on Platform, the market is segmented into Ethereum, Cardano, BNB Chain, Polkadot and Others. Based on Type, the market is segmented into Decentralized Autonomous Organizations (DAO), Application Logic Contracts, and Smart Legal Contracts. Based on End-Use, the market is segmented into BFSI, Healthcare, Logistics, Real Estate, Retail and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

  • ScienceSoft USA Corporation
  • Innowise Sp. z o.o
  • 4soft
  • Algorand Foundation Ltd.
  • IBM Corporation
  • TATA Consultancy Services Limited
  • Oracle Corporation
  • Infosys Limited
  • Amazon.com, Inc.
  • Coinbase Global, Inc.

Market Report Segmentation

By Enterprise Size
  • Large Enterprises
  • Small & Medium Enterprises
By Blockchain Type
  • Public
  • Private
  • Hybrid
By Platform
  • Ethereum
  • Cardano
  • BNB Chain
  • Polkadot
  • Others
By Type
  • Decentralized Autonomous Organizations (DAO)
  • Application Logic Contracts
  • Smart Legal Contracts
By End-Use
  • BFSI
  • Healthcare
  • Logistics
  • Real Estate
  • Retail
  • Others
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Smart Contracts Market, by Enterprise Size
1.4.2 North America Smart Contracts Market, by Blockchain Type
1.4.3 North America Smart Contracts Market, by Platform
1.4.4 North America Smart Contracts Market, by Type
1.4.5 North America Smart Contracts Market, by End-Use
1.4.6 North America Smart Contracts Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter’s Five Forces Analysis
Chapter 4. North America Smart Contracts Market by Enterprise Size
4.1 North America Large Enterprises Market by Region
4.2 North America Small & Medium Enterprises Market by Region
Chapter 5. North America Smart Contracts Market by Blockchain Type
5.1 North America Public Market by Country
5.2 North America Private Market by Country
5.3 North America Hybrid Market by Country
Chapter 6. North America Smart Contracts Market by Platform
6.1 North America Ethereum Market by Country
6.2 North America Cardano Market by Country
6.3 North America BNB Chain Market by Country
6.4 North America Polkadot Market by Country
6.5 North America Others Market by Country
Chapter 7. North America Smart Contracts Market by Type
7.1 North America Decentralized Autonomous Organizations (DAO) Market by Country
7.2 North America Application Logic Contracts Market by Country
7.3 North America Smart Legal Contracts Market by Country
Chapter 8. North America Smart Contracts Market by End-Use
8.1 North America BFSI Market by Country
8.2 North America Healthcare Market by Country
8.3 North America Logistics Market by Country
8.4 North America Real Estate Market by Country
8.5 North America Retail Market by Country
8.6 North America Others Market by Country
Chapter 9. North America Smart Contracts Market by Country
9.1 US Smart Contracts Market
9.1.1 US Smart Contracts Market by Enterprise Size
9.1.2 US Smart Contracts Market by Blockchain Type
9.1.3 US Smart Contracts Market by Platform
9.1.4 US Smart Contracts Market by Type
9.1.5 US Smart Contracts Market by End-Use
9.2 Canada Smart Contracts Market
9.2.1 Canada Smart Contracts Market by Enterprise Size
9.2.2 Canada Smart Contracts Market by Blockchain Type
9.2.3 Canada Smart Contracts Market by Platform
9.2.4 Canada Smart Contracts Market by Type
9.2.5 Canada Smart Contracts Market by End-Use
9.3 Mexico Smart Contracts Market
9.3.1 Mexico Smart Contracts Market by Enterprise Size
9.3.2 Mexico Smart Contracts Market by Blockchain Type
9.3.3 Mexico Smart Contracts Market by Platform
9.3.4 Mexico Smart Contracts Market by Type
9.3.5 Mexico Smart Contracts Market by End-Use
9.4 Rest of North America Smart Contracts Market
9.4.1 Rest of North America Smart Contracts Market by Enterprise Size
9.4.2 Rest of North America Smart Contracts Market by Blockchain Type
9.4.3 Rest of North America Smart Contracts Market by Platform
9.4.4 Rest of North America Smart Contracts Market by Type
9.4.5 Rest of North America Smart Contracts Market by End-Use
Chapter 10. Company Profiles
10.1 ScienceSoft USA Corporation
10.1.1 Company Overview
10.1.2 Recent strategies and developments:
10.1.2.1 Geographical Expansions:
10.2 Innowise Sp. z o.o
10.2.1 Company Overview
10.3 4soft
10.3.1 Company Overview
10.4 Algorand Foundation Ltd.
10.4.1 Company Overview
10.5 IBM Corporation
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Regional & Segmental Analysis
10.5.4 Research & Development Expenses
10.5.5 Recent strategies and developments:
10.5.5.1 Partnerships, Collaborations, and Agreements:
10.5.6 SWOT Analysis
10.6 Tata Consultancy Services Ltd.
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Research & Development Expenses
10.6.5 Recent strategies and developments:
10.6.5.1 Product Launches and Product Expansions:
10.6.6 SWOT Analysis
10.7 Oracle Corporation
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.7.4 Research & Development Expense
10.7.5 Recent strategies and developments:
10.7.5.1 Product Launches and Product Expansions:
10.7.6 SWOT Analysis
10.8 Infosys Limited
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental and Regional Analysis
10.8.4 Research & Development Expense
10.8.5 SWOT Analysis
10.9 Amazon.com, Inc.
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Segmental Analysis
10.9.4 Recent strategies and developments:
10.9.4.1 Product Launches and Product Expansions:
10.9.5 SWOT Analysis
10.10. Coinbase Global, Inc.
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Segmental and Regional Analysis
10.10.4 Recent strategies and developments:
10.10.4.1 Partnerships, Collaborations, and Agreements:
10.10.4.2 Acquisition and Mergers:
10.10.5 SWOT Analysis

Companies Mentioned

  • ScienceSoft USA Corporation
  • Innowise Sp. z o.o
  • 4soft
  • Algorand Foundation Ltd.
  • IBM Corporation
  • TATA Consultancy Services Limited
  • Oracle Corporation
  • Infosys Limited
  • Amazon.com, Inc.
  • Coinbase Global, Inc.

Methodology

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