The Buy Now Pay Later Market: A Comprehensive Analysis
According to recent study by MarkNtel Advisors the Global Buy Now Pay Later Market valued at approximately USD 7.2 billion in 2022, is projected to witness a compound annual growth rate (CAGR) of around 18.5% between 2024-2030. Various factors, including market trends, size, forecasts, growth factors, challenges, and competitor assessments drive this growth.
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Buy Now Pay Later Market Segmentation Analysis: 2024-2030
The Buy Now Pay Later Market is segmented into:
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
and each segment is further divided into subdivisions, providing a detailed breakdown of the market dynamics.
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Global Buy Now Pay Later Market Trend:
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.
Geographical Coverage of Global Buy Now Pay Later Market
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
North America has captured a significant market share in the Global Buy Now Pay Later Market, primarily due to high-level investments in the healthcare sector across countries like the US, Canada, and Mexico. North America has emerged as a prominent hub for Buy Now Pay Later solutions, witnessing rapid growth over the historical period.
Top Leading key Players of Global Buy Now Pay Later Market
- 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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Common Queries
- What is the current trajectory of cost and profit estimations in the Buy Now Pay Later Industry?
- How do factors like supply and consumption shape the landscape of the industry?
- In what ways do import and export considerations impact the dynamics of the Buy Now Pay Later Industry?
- Which technological advancements are anticipated to shape the future of the Buy Now Pay Later Market?
- Who are the noteworthy players highlighted in the Buy Now Pay Later Market research report?
- What are the anticipated USD valuations and the CAGR for the forecasted years?
Who we Are?
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, Saudi Arabia, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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