Buy Now Pay Later Market Analysis 2024-30 | Industry Size, Current Scenario and Future Prospects

 


Market Overview: Global Buy Now Pay Later Market

In the recent study, Global Buy Now Pay Later Market Research Report,' “MarkNtel Advisors – Leading Market Research Company” highlighted every essential and specific element that would aid in guiding stakeholders. The research provides the overall market landscape, key insights, significant drivers, major competitors, regulatory landscape, opportunities, current trends, the industry's supply chain structure, changing policies, and the classification of product types, applications, major players, and sectors, among other things. The usage of self-explanatory tables, pie charts, and graphs in a creative format is one of the report's standout features.

Growth Prospect of Buy Now Pay Later Market:

Higher Interest Rates & Availability of Substitutes: Despite the growing integration of buy now pay later services in online retail platforms, there is a lack of acceptance among the adults in developing & underdeveloped nations, including South America, Asia-Pacific, and the Middle East & Africa due to high amounts of interest levied on delayed payments. This has discouraged many potential customers to adopt BNPL services. Moreover, the easy availability of substitutes, such as post-dated checks, credit cards, etc., for the individuals with low-interest rates has hindered the growth of buy now pay later service across developing & underdeveloped nations.

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Industry Size, Share and Value By 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.

Enlisting of the Market Segmentation & Identification of the Top Companies

To better understand or have an in-depth understanding of the industry, our dedicated group has put all of their efforts, following a rigorous research pattern to make the client better understand the Buy Now Pay Later.

-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

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Every market has major participants playing their individual role to bring new creations or upgradation in the particular market. This section offers an assessment of the competition in the market of Buy Now Pay Later:

  • 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

Geographical Landscape of the Buy Now Pay Later Market

-By Region

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

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Valuable Highlights in the Buy Now Pay Later Market

  • The Buy Now Pay Later Market research offers information on the prevailing situation of the industry, including data on statistics, market size, and revenue.
  • The Buy Now Pay Later Industry Report gives a clear picture of the industry by analyzing the emerging trends & possible opportunities that would assist the investors or venture capitalists to take profitable decisions.
  • The study includes deep insights about the market, making market players informed about the target audience, including demographics & purchasing behaviors.
  • The Buy Now Pay Later Market study provides a detailed examination of the industry's competitive landscape, including information on market share & pricing strategies.

Key Questions Addressed in the Market Research Report:

  • What is the projected size, share, & CAGR of the Buy Now Pay Later Market in the future years?
  • What are the key trends & emerging opportunities likely to impact the Buy Now Pay Later Market during 2024-30?
  • What are crucial aspects creating a barrier to the market growth?
  • What are the different segments & sub-segments considered in the market of Buy Now Pay Later research study?
  • Who are the key stakeholders & players participating in the Buy Now Pay Later Market?
  • What would be the demand for different types of products/services in the Buy Now Pay Later through 2030?

Related Reports:

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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 15 diverse industrial verticals.

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