Smart Contract Market Size Was Valued at USD 1.74 billion in 2023, and is Projected to Reach USD 14.23 billion by 2032, Growing at a CAGR of 26.3% From 2024-2032.
An automated agreement written in computer code on a blockchain platform, such as Ethereum, is referred to as a smart contract. Terms are enforced automatically, ensuring transparency, security, and efficiency, removing the necessity of intermediaries.