Indium tin oxide (ITO) is currently the most widely used material for transparent electrodes; however, it has several drawbacks, including high cost, brittleness, and environmental concerns. Silver nanowires (AgNWs) are promising alternatives to ITO as materials for transparent electrodes owing to their high electrical conductivity, transparency in the visible range of wavelengths, and flexibility. AgNWs are effective for various electronic device applications, such as touch panels, biosensors, and solar cells. However, the high synthesis cost of AgNWs and their poor stability to external chemical and mechanical damages are significant challenges that need to be addressed. In this review paper, we discuss the current state of research on AgNW transparent electrodes, including their synthesis, properties, and potential applications.