The Europe Smart Contracts Market would witness market growth of 49.5% CAGR during the forecast period (2023-2030).
The healthcare sector has also witnessed the integration of smart contracts, particularly in managing patient data, medical records, and insurance claims. Smart contracts offer a secure and interoperable framework for managing sensitive healthcare information while ensuring compliance with data protection regulations. Smart contracts can create patient-centric data management systems where individuals control their health records. Through cryptographic techniques, patient data can be securely stored on a blockchain, ensuring immutability and transparency. Patients can be granted selective access to their health information, maintaining privacy while facilitating interoperability between healthcare providers.
Moreover, the real estate industry has embraced smart contracts to streamline property transactions, automate the execution of lease agreements, and facilitate secure and transparent property transfers. Smart contracts decentralized and trustless architecture solves enduring issues in the real estate industry, like the necessity for middlemen and fraud worries.
Transport and logistics in the United Kingdom have been implementing technological advancements to improve operations and decrease reliance on manual labor. Smart contracts, which function independently and incorporate the terms of the agreement encoded in code, possess the capacity to automate a wide range of supply chain activities. Thus, Europe's rising transport and logistics sector will drive the expansion of the regional smart contracts market.
The Germany market dominated the Europe Smart Contracts Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,021.2 million by 2030. The UK market is exhibiting a CAGR of 48.2% during (2023 - 2030). Additionally, The France market would experience a CAGR of 50.7% during (2023 - 2030).
Free Valuable Insights: The Global Smart Contracts Market will Hit $15.5 Billion by 2030, at a CAGR of 50%
Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Blockchain Type, the market is segmented into Public, Private and Hybrid. Based on Platform, the market is segmented into Ethereum, Cardano, BNB Chain, Polkadot and Others. Based on Type, the market is segmented into Decentralized Autonomous Organizations (DAO), Application Logic Contracts, and Smart Legal Contracts. Based on End-Use, the market is segmented into BFSI, Healthcare, Logistics, Real Estate, Retail and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Enterprise Size
By Blockchain Type
By Platform
By Type
By End-Use
By Country
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