SMART CONTRACTS MARKET ANALYSIS
Regional Analysis of the Global Smart Contract Market
On the basis of region, the global Smart Contract market is segmented into North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
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.
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