Transparent conducting electrodes (TCEs) are treated as a fundamental structural component of thin-film-based optoelectronics, energy storage and wearable sensing devices. High aspect ratio silver nanowires (AgNWs) exhibit outstanding photoelectric performance and are considered a material of the future and potential replacement material for indium tin oxide (ITO). This review sums up the latest developments in the fabrication techniques of AgNWs with controlled morphology and applications as transparent conducting films (TCFs). Solution-based processes are identified as the best methods for synthesizing uniform AgNWs with the desired aspect ratio due to a facile and low-temperature operated economical process. Furthermore, the factors affecting the stability of AgNW-based flexible TCEs are discussed in detail. At the end of the review, the promising applications of AgNWs and their future scope are discussed.