The global market for Smart Contracts was estimated to be worth US$ 2183 million in 2024 and is forecast to a readjusted size of US$ 7924 million by 2031 with a CAGR of 20.2% during the forecast period 2025-2031.
In 2024, global Smart contract sales reached approximately 145.53K units, with an average global market price of around US$15000 per unit.
Smart contracts are self-executing digital agreements stored on a blockchain, where the terms and conditions are directly written into computer code. They automatically execute and enforce actions once predefined conditions are met, without the need for intermediaries, ensuring transparency, security, and trust. Commonly used in areas like decentralized finance (DeFi), supply chain management, and digital asset transactions, smart contracts help reduce costs, minimize errors, and speed up processes through automation.
Market Development Opportunities & Main Driving Factors
The smart contracts market is currently experiencing unprecedented growth potential. As blockchain technology is increasingly adopted by financial institutions, governments, and major industrial groups, the efficiency, security, and transparency of automated contract execution have surged, becoming a critical lever for digital transformation. On the regulatory front, several U.S. states have enacted laws affirming the legal validity of smart contracts, providing clear compliance pathways. In the financial sector, parametric insurance models-automating claim payments via smart contracts-have significantly improved efficiency and customer satisfaction, drawing considerable attention from consumers and investors alike.
Market Challenges, Risks, & Restraints
Despite rapid growth, the market faces substantial technical, legal, and regulatory challenges. Once deployed, smart contracts cannot be modified - any coding error may lead to irreversible financial losses, making security a paramount concern. Additionally, the absence of global regulatory standards means jurisdictions vary widely in their approach, raising potential tax avoidance and legal ambiguity issues. Moreover, as real-world security threats evolve, financial institutions and regulators insist on embedding comprehensive audit and risk control mechanisms to safeguard development.
Downstream Demand Trends
Driven by surging demand in smart cities, supply chain digitization, fintech, and healthcare, smart contract applications are becoming increasingly tailored. In supply chains, blockchain enables traceability and automated settlement, helping manufacturing and logistics firms improve operational efficiency and cost control. The rise of DeFi (decentralized finance) platforms is fueling abundant liquidity and innovation in smart contract applications. Simultaneously, integration with AI and IoT is transforming smart contracts from simple transactional protocols into highly coordinated systems combining edge device autonomy and real-time triggers, propelling sectors like finance, insurance, supply chain, and energy toward fully data-driven operations.
This report aims to provide a comprehensive presentation of the global market for Smart Contracts, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Smart Contracts by region & country, by Type, and by Application.
The Smart Contracts market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Smart Contracts.
Market Segmentation
By Company
- IBM
- Oracle
- Chainlink
- Microsoft
- Alibaba
- Baidu
- Accenture
- Icertis
- Konfidio
- NTT Data
- Stratis
- Waves
- Solana
- RSK
- Nem
- Infosys
- ConsenSys
- GoCoin
- Algorand
- Avalanche
- Tata Consultancy Services
Segment by Type
- Smart Legal Contract
- Decentralized Autonomous Organization (DAO)
- Application Logic Contract (ALC)
Segment by Application
- Financial
- Government
- Insurance
- Healthcare
- Supply Chain
- Others
By Region
- North America
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Netherlands
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Smart Contracts company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of Smart Contracts in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Smart Contracts in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Table of Contents
1 Market Overview
- 1.1 Smart Contracts Product Introduction
- 1.2 Global Smart Contracts Market Size Forecast (2020-2031)
- 1.3 Smart Contracts Market Trends & Drivers
- 1.3.1 Smart Contracts Industry Trends
- 1.3.2 Smart Contracts Market Drivers & Opportunity
- 1.3.3 Smart Contracts Market Challenges
- 1.3.4 Smart Contracts Market Restraints
- 1.4 Assumptions and Limitations
- 1.5 Study Objectives
- 1.6 Years Considered
2 Competitive Analysis by Company
- 2.1 Global Smart Contracts Players Revenue Ranking (2024)
- 2.2 Global Smart Contracts Revenue by Company (2020-2025)
- 2.3 Key Companies Smart Contracts Manufacturing Base Distribution and Headquarters
- 2.4 Key Companies Smart Contracts Product Offered
- 2.5 Key Companies Time to Begin Mass Production of Smart Contracts
- 2.6 Smart Contracts Market Competitive Analysis
- 2.6.1 Smart Contracts Market Concentration Rate (2020-2025)
- 2.6.2 Global 5 and 10 Largest Companies by Smart Contracts Revenue in 2024
- 2.6.3 Global Top Companies by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Smart Contracts as of 2024)
- 2.7 Mergers & Acquisitions, Expansion
3 Segmentation by Type
- 3.1 Introduction by Type
- 3.1.1 Smart Legal Contract
- 3.1.2 Decentralized Autonomous Organization (DAO)
- 3.1.3 Application Logic Contract (ALC)
- 3.2 Global Smart Contracts Sales Value by Type
- 3.2.1 Global Smart Contracts Sales Value by Type (2020 VS 2024 VS 2031)
- 3.2.2 Global Smart Contracts Sales Value, by Type (2020-2031)
- 3.2.3 Global Smart Contracts Sales Value, by Type (%) (2020-2031)
4 Segmentation by Application
- 4.1 Introduction by Application
- 4.1.1 Financial
- 4.1.2 Government
- 4.1.3 Insurance
- 4.1.4 Healthcare
- 4.1.5 Supply Chain
- 4.1.6 Others
- 4.2 Global Smart Contracts Sales Value by Application
- 4.2.1 Global Smart Contracts Sales Value by Application (2020 VS 2024 VS 2031)
- 4.2.2 Global Smart Contracts Sales Value, by Application (2020-2031)
- 4.2.3 Global Smart Contracts Sales Value, by Application (%) (2020-2031)
5 Segmentation by Region
- 5.1 Global Smart Contracts Sales Value by Region
- 5.1.1 Global Smart Contracts Sales Value by Region: 2020 VS 2024 VS 2031
- 5.1.2 Global Smart Contracts Sales Value by Region (2020-2025)
- 5.1.3 Global Smart Contracts Sales Value by Region (2026-2031)
- 5.1.4 Global Smart Contracts Sales Value by Region (%), (2020-2031)
- 5.2 North America
- 5.2.1 North America Smart Contracts Sales Value, 2020-2031
- 5.2.2 North America Smart Contracts Sales Value by Country (%), 2024 VS 2031
- 5.3 Europe
- 5.3.1 Europe Smart Contracts Sales Value, 2020-2031
- 5.3.2 Europe Smart Contracts Sales Value by Country (%), 2024 VS 2031
- 5.4 Asia Pacific
- 5.4.1 Asia Pacific Smart Contracts Sales Value, 2020-2031
- 5.4.2 Asia Pacific Smart Contracts Sales Value by Region (%), 2024 VS 2031
- 5.5 South America
- 5.5.1 South America Smart Contracts Sales Value, 2020-2031
- 5.5.2 South America Smart Contracts Sales Value by Country (%), 2024 VS 2031
- 5.6 Middle East & Africa
- 5.6.1 Middle East & Africa Smart Contracts Sales Value, 2020-2031
- 5.6.2 Middle East & Africa Smart Contracts Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
- 6.1 Key Countries/Regions Smart Contracts Sales Value Growth Trends, 2020 VS 2024 VS 2031
- 6.2 Key Countries/Regions Smart Contracts Sales Value, 2020-2031
- 6.3 United States
- 6.3.1 United States Smart Contracts Sales Value, 2020-2031
- 6.3.2 United States Smart Contracts Sales Value by Type (%), 2024 VS 2031
- 6.3.3 United States Smart Contracts Sales Value by Application, 2024 VS 2031
- 6.4 Europe
- 6.4.1 Europe Smart Contracts Sales Value, 2020-2031
- 6.4.2 Europe Smart Contracts Sales Value by Type (%), 2024 VS 2031
- 6.4.3 Europe Smart Contracts Sales Value by Application, 2024 VS 2031
- 6.5 China
- 6.5.1 China Smart Contracts Sales Value, 2020-2031
- 6.5.2 China Smart Contracts Sales Value by Type (%), 2024 VS 2031
- 6.5.3 China Smart Contracts Sales Value by Application, 2024 VS 2031
- 6.6 Japan
- 6.6.1 Japan Smart Contracts Sales Value, 2020-2031
- 6.6.2 Japan Smart Contracts Sales Value by Type (%), 2024 VS 2031
- 6.6.3 Japan Smart Contracts Sales Value by Application, 2024 VS 2031
- 6.7 South Korea
- 6.7.1 South Korea Smart Contracts Sales Value, 2020-2031
- 6.7.2 South Korea Smart Contracts Sales Value by Type (%), 2024 VS 2031
- 6.7.3 South Korea Smart Contracts Sales Value by Application, 2024 VS 2031
- 6.8 Southeast Asia
- 6.8.1 Southeast Asia Smart Contracts Sales Value, 2020-2031
- 6.8.2 Southeast Asia Smart Contracts Sales Value by Type (%), 2024 VS 2031
- 6.8.3 Southeast Asia Smart Contracts Sales Value by Application, 2024 VS 2031
- 6.9 India
- 6.9.1 India Smart Contracts Sales Value, 2020-2031
- 6.9.2 India Smart Contracts Sales Value by Type (%), 2024 VS 2031
- 6.9.3 India Smart Contracts Sales Value by Application, 2024 VS 2031
7 Company Profiles
- 7.1 IBM
- 7.1.1 IBM Profile
- 7.1.2 IBM Main Business
- 7.1.3 IBM Smart Contracts Products, Services and Solutions
- 7.1.4 IBM Smart Contracts Revenue (US$ Million) & (2020-2025)
- 7.1.5 IBM Recent Developments
- 7.2 Oracle
- 7.2.1 Oracle Profile
- 7.2.2 Oracle Main Business
- 7.2.3 Oracle Smart Contracts Products, Services and Solutions
- 7.2.4 Oracle Smart Contracts Revenue (US$ Million) & (2020-2025)
- 7.2.5 Oracle Recent Developments
- 7.3 Chainlink
- 7.3.1 Chainlink Profile
- 7.3.2 Chainlink Main Business
- 7.3.3 Chainlink Smart Contracts Products, Services and Solutions
- 7.3.4 Chainlink Smart Contracts Revenue (US$ Million) & (2020-2025)
- 7.3.5 Chainlink Recent Developments
- 7.4 Microsoft
- 7.4.1 Microsoft Profile
- 7.4.2 Microsoft Main Business
- 7.4.3 Microsoft Smart Contracts Products, Services and Solutions
- 7.4.4 Microsoft Smart Contracts Revenue (US$ Million) & (2020-2025)
- 7.4.5 Microsoft Recent Developments
- 7.5 Alibaba
- 7.5.1 Alibaba Profile
- 7.5.2 Alibaba Main Business
- 7.5.3 Alibaba Smart Contracts Products, Services and Solutions
- 7.5.4 Alibaba Smart Contracts Revenue (US$ Million) & (2020-2025)
- 7.5.5 Alibaba Recent Developments
- 7.6 Baidu
- 7.6.1 Baidu Profile
- 7.6.2 Baidu Main Business
- 7.6.3 Baidu Smart Contracts Products, Services and Solutions
- 7.6.4 Baidu Smart Contracts Revenue (US$ Million) & (2020-2025)
- 7.6.5 Baidu Recent Developments
- 7.7 Accenture
- 7.7.1 Accenture Profile
- 7.7.2 Accenture Main Business
- 7.7.3 Accenture Smart Contracts Products, Services and Solutions
- 7.7.4 Accenture Smart Contracts Revenue (US$ Million) & (2020-2025)
- 7.7.5 Accenture Recent Developments
- 7.8 Icertis
- 7.8.1 Icertis Profile
- 7.8.2 Icertis Main Business
- 7.8.3 Icertis Smart Contracts Products, Services and Solutions
- 7.8.4 Icertis Smart Contracts Revenue (US$ Million) & (2020-2025)
- 7.8.5 Icertis Recent Developments
- 7.9 Konfidio
- 7.9.1 Konfidio Profile
- 7.9.2 Konfidio Main Business
- 7.9.3 Konfidio Smart Contracts Products, Services and Solutions
- 7.9.4 Konfidio Smart Contracts Revenue (US$ Million) & (2020-2025)
- 7.9.5 Konfidio Recent Developments
- 7.10 NTT Data
- 7.10.1 NTT Data Profile
- 7.10.2 NTT Data Main Business
- 7.10.3 NTT Data Smart Contracts Products, Services and Solutions
- 7.10.4 NTT Data Smart Contracts Revenue (US$ Million) & (2020-2025)
- 7.10.5 NTT Data Recent Developments
- 7.11 Stratis
- 7.11.1 Stratis Profile
- 7.11.2 Stratis Main Business
- 7.11.3 Stratis Smart Contracts Products, Services and Solutions
- 7.11.4 Stratis Smart Contracts Revenue (US$ Million) & (2020-2025)
- 7.11.5 Stratis Recent Developments
- 7.12 Waves
- 7.12.1 Waves Profile
- 7.12.2 Waves Main Business
- 7.12.3 Waves Smart Contracts Products, Services and Solutions
- 7.12.4 Waves Smart Contracts Revenue (US$ Million) & (2020-2025)
- 7.12.5 Waves Recent Developments
- 7.13 Solana
- 7.13.1 Solana Profile
- 7.13.2 Solana Main Business
- 7.13.3 Solana Smart Contracts Products, Services and Solutions
- 7.13.4 Solana Smart Contracts Revenue (US$ Million) & (2020-2025)
- 7.13.5 Solana Recent Developments
- 7.14 RSK
- 7.14.1 RSK Profile
- 7.14.2 RSK Main Business
- 7.14.3 RSK Smart Contracts Products, Services and Solutions
- 7.14.4 RSK Smart Contracts Revenue (US$ Million) & (2020-2025)
- 7.14.5 RSK Recent Developments
- 7.15 Nem
- 7.15.1 Nem Profile
- 7.15.2 Nem Main Business
- 7.15.3 Nem Smart Contracts Products, Services and Solutions
- 7.15.4 Nem Smart Contracts Revenue (US$ Million) & (2020-2025)
- 7.15.5 Nem Recent Developments
- 7.16 Infosys
- 7.16.1 Infosys Profile
- 7.16.2 Infosys Main Business
- 7.16.3 Infosys Smart Contracts Products, Services and Solutions
- 7.16.4 Infosys Smart Contracts Revenue (US$ Million) & (2020-2025)
- 7.16.5 Infosys Recent Developments
- 7.17 ConsenSys
- 7.17.1 ConsenSys Profile
- 7.17.2 ConsenSys Main Business
- 7.17.3 ConsenSys Smart Contracts Products, Services and Solutions
- 7.17.4 ConsenSys Smart Contracts Revenue (US$ Million) & (2020-2025)
- 7.17.5 ConsenSys Recent Developments
- 7.18 GoCoin
- 7.18.1 GoCoin Profile
- 7.18.2 GoCoin Main Business
- 7.18.3 GoCoin Smart Contracts Products, Services and Solutions
- 7.18.4 GoCoin Smart Contracts Revenue (US$ Million) & (2020-2025)
- 7.18.5 GoCoin Recent Developments
- 7.19 Algorand
- 7.19.1 Algorand Profile
- 7.19.2 Algorand Main Business
- 7.19.3 Algorand Smart Contracts Products, Services and Solutions
- 7.19.4 Algorand Smart Contracts Revenue (US$ Million) & (2020-2025)
- 7.19.5 Algorand Recent Developments
- 7.20 Avalanche
- 7.20.1 Avalanche Profile
- 7.20.2 Avalanche Main Business
- 7.20.3 Avalanche Smart Contracts Products, Services and Solutions
- 7.20.4 Avalanche Smart Contracts Revenue (US$ Million) & (2020-2025)
- 7.20.5 Avalanche Recent Developments
- 7.21 Tata Consultancy Services
- 7.21.1 Tata Consultancy Services Profile
- 7.21.2 Tata Consultancy Services Main Business
- 7.21.3 Tata Consultancy Services Smart Contracts Products, Services and Solutions
- 7.21.4 Tata Consultancy Services Smart Contracts Revenue (US$ Million) & (2020-2025)
- 7.21.5 Tata Consultancy Services Recent Developments
8 Industry Chain Analysis
- 8.1 Smart Contracts Industrial Chain
- 8.2 Smart Contracts Upstream Analysis
- 8.2.1 Key Raw Materials
- 8.2.2 Raw Materials Key Suppliers
- 8.2.3 Manufacturing Cost Structure
- 8.3 Midstream Analysis
- 8.4 Downstream Analysis (Customers Analysis)
- 8.5 Sales Model and Sales Channels
- 8.5.1 Smart Contracts Sales Model
- 8.5.2 Sales Channel
- 8.5.3 Smart Contracts Distributors
9 Research Findings and Conclusion
10 Appendix
- 10.1 Research Methodology
- 10.1.1 Methodology/Research Approach
- 10.1.1.1 Research Programs/Design
- 10.1.1.2 Market Size Estimation
- 10.1.1.3 Market Breakdown and Data Triangulation
- 10.1.2 Data Source
- 10.1.2.1 Secondary Sources
- 10.1.2.2 Primary Sources
- 10.2 Author Details
- 10.3 Disclaimer