Buy Now Pay Later Market Analysis: Assessing Industry Dynamics and Growth Opportunities

Report Overview:

The following report titled “Global Buy Now Pay Later Market: By Sales Channel (Online, Point of Sales), By Application (Healthcare, Clothing & Accessories, Media & Entertainment, Travel & Leisure Consumer Electronics, Others (automotive, retail, etc.)) and other forecast 2024-2030” provides a comprehensive analysis of the market, focusing on key details such as market size, growth trends, determinants of growth, segments covered, and the role of leading players in the industry.

Global Buy Now Pay Later Market Summary

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.

Report Coverage & Details

Forecast Period: 2024-2030
Base Year: 2022
Market Size in 2024: USD 7.2 Billion
CAGR: 18.5%

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Buy Now Pay Later Market Trend:

Rising Digitalization in Business-to-Business Payments: Businesses in various industries are eagerly integrating the buy now pay later option on their websites in order to capitalize on benefits such as the ability to generate a high volume of sales leads through increased traffic on the e-commerce platform. Therefore, the integration of buy now pays later as an alternative is estimated to offer lucrative opportunities for driving the revenue growth of businesses by offering customers flexible payment options & attracting payback discounts and other offerings, including loyalty programs, etc. Further, realizing the benefits of buy now pay later adoption, several online selling merchants have engaged with the service providers to generate sales leads.

Segmentation Analysis: Buy Now Pay Later Market

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

By Region

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

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Region: North America Holds a Major Market Share

Of all regions globally, the North America Buy Now Pay Later Market has been witnessing notable growth since 2018.

Leading Players Analysis: Buy Now Pay Later Market

The report provides detailed analysis of key players in the global Buy Now Pay Later market, highlighting their strategies and competitive scenario.

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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Competitive Benchmarking: The availability of competitive benchmarking data allows stakeholders to assess their performance against industry peers, identify areas for improvement, and capitalize on strengths.
Identifying Investment Opportunities: Through trend analysis and industry insights, stakeholders can identify attractive investment opportunities and stay ahead in the market for better ROI.

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