Global Buy Now Pay Later Market: Crosses USD 7.2 billion Valuation...

Global Buy Now Pay Later Market: Crosses USD 7.2 billion Valuation in 2022, Envisions 18.5% CAGR Surge Up to 2030

Posted 2024-07-03 23:15:02

Global Buy Now Pay Later Market: In-Depth Analysis and Forecasts for 2024-2030

MarkNtel Advisors, a leading market research firm, has showed its latest study titled "Buy Now Pay Later Market", offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.

The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.

Analysis and Insights into the Buy Now Pay Later Market: 2024-2030

The Global Buy Now Pay Later Market size was valued at around USD7.2 billion in 2022 & is projected to grow at a CAGR of about 18.5% during the forecast period, i.e., 2024-30. The rising demand for consumer discretionary products such as electronics, furniture, etc., among millennials and the growing inclination of consumers towards flexible payment alternatives has elevated the demand for buy now pay later service during the historical years. The easy availability of credit, in contrast to the credit lines with low or minimum interest & easy repayment options, has stimulated the revenue growth of buy now pay later service providers.

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What are the primary factors driving the growth of the Buy Now Pay Later Market?

Growing Adoption of BNPL for Quick & Easy Transactions: The growing propensity of the young age population towards the adoption of digitalized services, owing to advantages such as attractive product offerings, quick & easy account settlements & transactions, have significantly increased the penetration of buy now pay later service providers across the globe. Moreover, an increase in the launch of gaming & smart devices has contributed to attracting millions of youngsters to opt for buy now pay later services as it enables easy access to electronic wallets for quick payments & easy repayments. These factors are conjointly supporting the revenue growth of buy now pay later service providers globally.

Buy Now Pay Later Market Segmentation:

The Buy Now Pay Later market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.

By Sales Channel

Online
Point of Sales

By Application

Healthcare
Clothing & Accessories
Media & Entertainment
Travel & Leisure
Consumer Electronics
Others

By End User Age Group

18-34 years
35-54 years
Above 54 years

Geographical Analysis into the Buy Now Pay Later Market:

The Buy Now Pay Later market is categorized based regional:

North America
South America
Europe
The Middle East & Africa
Asia-Pacific

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Competitive Landscape and Buy Now Pay Later Market Share Analysis:

The competitive landscape of the Buy Now Pay Later Market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.

Klarna
Afterpay
Affirm Inc.
Laybuy Group Holdings Limited
PayPal Holding Inc.
Kredivo
Zip Co. Ltd.
Splitit
Sezzel
Amazon
Flipkart
Scalapay S.R.L.
Perpay Inc.
Paytm
PayI8r
Others

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Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.

Questions Addressed in this Study

What factors are driving the Buy Now Pay Later Market growth?
How is the Buy Now Pay Later Market expected to grow over the next five years?
What are the key insights into the current trends in the Buy Now Pay Later Market?
What is the current size of the Buy Now Pay Later Market, and how is it projected to change in the future?
What is the future outlook for the Buy Now Pay Later Market in terms of technological advancements and market expansion?

Why choose MarkNtel?

MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.