Smart Contracts Market, by Contract Type (Smart Legal Contracts, Decentralized Autonomous Organizations [DAO] Contracts,

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2. SMART CONTRACTS MARKET ANALYSIS Smart Contracts Market, by Contract Type (Smart Legal Contracts, Decentralized Autonomous Organizations [DAO] Contracts, Application Logic Contacts [ALC], and Distributed Applications [DApps]), by Platform (Ethereum, EOS, Hedera, Neo and Tron), by End-user Industry (Banking and Insurance, Healthcare, Transportation/Logistics, Sports & Entertainment, Automotive and Government) and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

3. Market Insights Smart contract enables organizations, government bodies, and individuals to exchange monetary values, shares, and bonds for which specific value is associated. The smart contract is a clear and easy way to avoid a conflict between both the parties, without any intervention of a middle man. Moreover, smart contracts are being majorly adopted across various industries such as BFSI and construction among others for financial agreement, insurance breaches, property law and etc.

4. Market Dynamics- Drivers • Government bodies across the globe are adopting smart contract which requires less human intervention and majorly reduces the cost incurred from contract handling, which is expected to boost demand for smart contracts across the public sector over the forecast period. For instance, in 2019, the UK Jurisdiction Taskforce gave smart contract recognition as a legally enforceable agreement. Moreover, Hangzhou Internet Court has adopted smart contracts in its legal proceedings.

5. Regional Analysis of the Global Smart Contract Market In 2018, North America region dominated the global smart contract market and it is expected to retain its dominance throughout the forecast period owing to presence of large blockchain technology providers such as Google, Microsoft, and IBM and a large IT sector in The U.S. which help to develop smart contracts. These factors are expected to drive the market growth in this region. According to Coherent Market Insights' analysis, the global IT industry is expected to reach $5.18 trillion in 2020, and the U.S. holds around 31% share of the IT industry across the globe.

6. Key Players in the Global Smart Contract Market Major players operating in the global smart contract market are EOS, Tron, Ginete Technologies, HedraHashgraph, Hyperledger, IBM, Icertis, NEM, Neo, OpenXcell, Stellar, Waves, Thomson Reuters, Monax Industries, Blockstream, Coinbase, BlockCypher and Monetas

7. Global Smart Contract Market: Taxonomy • On the basis of contract type, the global smart contract market is segmented into: • On the basis of platform, the global smart contract market is segmented into: • On the basis of End-user industry, the global smart contract market is segmented into:

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