Market Insights
As per recent research by MarkNtel Advisors, 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.
Global Buy Now Pay Later Market Driver:
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.
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Market Segmentation and Consumer Behavior:
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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Buy Now Pay Later Market Geographical Analysis:
By Region:
- North America
- South America
- Europe
- Asia-Pacific
- The Middle East and Africa
Key Players and Competitive Strategies in the Buy Now Pay Later Market
Several prominent players dominate the Buy Now Pay Later Market, including:
- 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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Questions Addressed in this Study
1.What factors are driving the Buy Now Pay Later Market growth?
2.How is the Buy Now Pay Later Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Buy Now Pay Later Market?
4.What is the current size of the Buy Now Pay Later Market, and how is it projected to change in the future?
6.What is the future outlook for the Buy Now Pay Later Market in terms of technological advancements and market expansion?
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