Smart Contracts Market is estimated to grow at a CAGR of 32% by Forecast to 2023

Global Smart Contracts Market, By Blockchain Platform (Bitcoin, Sidechains, NXT, Ethereum), By Technology (Ethereum, Rootstock (RSK

Pune, India - April 16, 2018 /MarketersMedia/ —

Market Highlights:
The working of smart contract is all digitized and removes the need of the broker or a lawyer as a middleman. The two contract parties match to the terms of the contract set. The contract is registered in a database and all the legal clearing is made automated. The asset in the contract is digitized and payment is done through the digital or crypto-currencies. The smart contract gives the parties of the agreement a freedom of autonomy, backup, safety, speed and accuracy.

Even though the growth of market is significant, there also arises the challenges of software code error or bugs and how should the government regulate the contracts. With the increase of smartphone ownership over the past few years, the penetration of internet usage has also grown exponentially.

The factor that hold the growth of the Smart Contract Market is the tendency of it to define the rules and regulations of an agreement but also automatically enforce any of the obligations.

Major Key Players:
• Monax Industries Limited (U.K.)
• Monetas (Switzerland)
• Blockstream Corporation (U.S.)
• Coinbase, Inc (U.S.)
• Bitfinex (Hong Kong)
• BlockCypher, Inc (U.S.)
• Chain, Inc.(U.S.)
• Coinify ApS (Denmark)
• BitPay, Inc (U.S.)
• GoCoin Pte. Ltd (Singapore)

Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/4588

Regional Analysis:
Market Research Future has segmented the market of smart contracts into Blockchain platform, technology, end - users, and region.

On the basis of region, the market is segmented under North America, Europe, Asia pacific and rest of the world. The market for smart contracts is led by Europe. However North America show a significant growth in the forecasted period. Countries like U.S. UK and Canada are the early adopters of the technology. Asia Pacific includes some of the emerging economies, such as India, China, and Australia, showing a significant growth in crypto currency and Blockchain technology start-ups. Many startups are beings established delivering the solutions related to the Blockchain technology.

This is majorly increased adoption towards digitization in countries like China, India and Japan of the businesses by small, medium, and large enterprises in the region. Various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. The leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio.

Segments:
For the purpose of this study, Market Research Future has segmented the market of smart contracts into Blockchain platform, technology, end - users, and region.

Blockchain Platform:
• Bitcoin
• Sidechains
• NXT
• Ethereum

Technology:
• Ethereum
• Rootstock (RSK)
• Namecoin
• Ripple
• Others

End – User:
• Banking
• Government
• Management
• Supply chain
• Automobile
• Insurance
• Real estate
• Healthcare

Region:
• North America
• Europe
• Asia pacific
• Rest of the world.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/smart-contracts-market-4588

Intended Audience:
• Storage providers
• Network providers
• Banking Institutions
• Insurance providers
• Higher management
• Research firms
• Software investors
• Software Developers
• IT enablers
• Database solutions
• Cloud providers
• Insurance companies
• Banks
• Automotive and transportation
• Telecommunication companies

Table of Contents:
1 Market Introduction
1.1 Introduction
1.2 Scope of Study
1.2.1 Research objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure
2 Research Methodology
2.1 Research Smart Contracts
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
Continued…

List of Tables:
Table 1 Smart Contracts Market, By Blockchain Platform
Table 2 Smart Contracts Market, By Technology
Table 3 Smart Contracts Market, By End Users
Continued…

List of Figures:
Figure 1 Research Blockchain Platform
Figure 2 Smart Contracts Market, By Blockchain Platform (%)
Figure 3 Smart Contracts Market, By Technology (%)
Continued…

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact Info:
Name: Abhishek Sawant
Email: sales@marketresearchfuture.com
Organization: Market Research Future
Address: Market Research Future Office No. 524/528,, Amanora Chambers Magarpatta Road, Hadapsar Pune - 411028
Phone: +1 646 845 9312

Source URL: https://marketersmedia.com/smart-contracts-market-is-estimated-to-grow-at-a-cagr-of-32-by-forecast-to-2023/331596

For more information, please visit https://www.marketresearchfuture.com/reports/smart-contracts-market-4588

Source: MarketersMedia

Release ID: 331596

Latest News

Profit slips at Volkswagen after accounting change

Apr 26, 2018

FRANKFURT, Germany — Profits have slipped at automaker Volkswagen in the first quarter due to a change in accounting rules, but sales increased and the company recorded no significant additional losses from its diesel emissions scandal. Net profit fell 2 percent to 3.3 billion euros ($4 billion) on sales that rose 4 percent to 58.2 billion euros ($70.8 billion). The company said Thursday that operating profits, which exclude financial items such as interest and taxes, fell to 4.2 billion euros from 4.4 billion euros — but would have shown an increase without the accounting changes, which affect how financial derivatives...

China urges US to avoid damaging business confidence

Apr 26, 2018

BEIJING — China appealed to Washington on Thursday to avoid damaging business confidence following a report that U.S. authorities are investigating whether Chinese tech giant Huawei violated sanctions on Iran amid spiraling technology tensions. The Wall Street Journal's report came ahead of a visit by U.S. Treasury Steve Mnuchin to Beijing next week to discuss President Donald Trump's threat to raise tariffs on Chinese goods in a dispute over technology policy. Last week, Washington barred Huawei rival ZTE Corp. from exporting U.S. technology in a separate case over exports to Iran and North Korea. A foreign ministry spokeswoman, Hua Chunying,...

MGM sets August opening date for Massachusetts casino

Apr 26, 2018

BOSTON — The fate of Wynn's glitzy Boston-area casino may still be up in the air, but rival MGM says it is on track to open Massachusetts' first Las Vegas-style casino resort sooner than expected. MGM Resorts International President Bill Hornbuckle said in Wednesday interview with The Associated Press that the company is now targeting Aug. 24 as the new opening date for the $960 million hotel and casino complex it has been building in downtown Springfield. The company previously envisioned the casino opening sometime in September, but relatively mild winters and steady progress on a nearby highway project impacting...

Geologists say N. Korea's nuclear test site likely collapsed

Apr 26, 2018

BEIJING — Research by Chinese geologists suggests that the mountain above North Korea's main nuclear test site has likely collapsed, rendering it unsafe for further testing and requiring that it be monitored for any leaking radiation. The findings by the scientists at the University of Science and Technology of China may shed new light on North Korean President Kim Jong Un's announcement that his country was ceasing its testing program ahead of planned summit meetings with South Korean President Moon Jae-in and U.S. President Donald Trump. The results also support some of the findings of an earlier study by another...

European Central Bank head to sift mixed signs on economy

Apr 26, 2018

FRANKFURT, Germany — Investors are waiting to hear what the European Central Bank's president, Mario Draghi, makes of recent conflicting data about the region's economy, and whether the bank will extend its extraordinary monetary stimulus efforts beyond September. Draghi holds a news conference Thursday after a meeting of the bank's 25-member rate-setting committee at the bank's skyscraper headquarters in Frankfurt, Germany. No changes are expected in interest rates or stimulus settings. Attention will focus instead on Draghi's assessment of recently weaker indicators such as industrial production as well as any potential impact from tensions over the U.S. move to put...

Search

Deck Biz is an intelligent platform providing international and regional business news updates. You won’t get these insights elsewhere other than Deck Biz.

Contact us: sales@deckbiz.com