Buy Now Pay Later Market

Buy Now Pay Later Market Anticipates Robust 18.5% CAGR for 2024-30

0 Comment March 27, 2024 Uncategorized

Global Buy Now Pay Later Market Insights Report Overview

According to the latest market study by MarkNtel Advisors titled “Global Buy Now Pay Later Market: Industry Size, Share, Trends, Growth, Opportunity Analysis 2024-2030” presents a thorough examination of market drivers, opportunities and challenges.

Utilizing a quantitative approach, it offers precise insights into market size, share, and growth. Crafted by industry experts, the report delves into consumption patterns, geographical analysis, and competitive landscapes. Its objective is to furnish valuable insights for clients seeking to comprehend and leverage market dynamics. With a dual focus on historical achievements and future projections, it furnishes a nuanced understanding of the market terrain.

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Buy Now Pay Later Market Overview:

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 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.

Competitor Insight: Buy Now Pay Later Market

This report focuses on major market participants like:

  • 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

Explore Our Comprehensive Study: https://www.marknteladvisors.com/research-library/buy-now-pay-later-market.html

Segmentation Summary: Buy Now Pay Later Market

This segmentation analysis outlines prominent sections in the report’s table of contents. Each segment undergoes thorough analysis, including sub-segments, to showcase both current and historical market sizes. The analysis underscores investment opportunities for rapid growth, particularly in the Buy Now Pay Later Market, with notable highlighting on:

-By Application

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

Of them all, consumer electronics acquired a major Global Buy Now Pay Later Market share during 2018-21. It is one of the rapidly evolving and highly innovative industries, with hundreds of newly launched electronics recorded over a year. Rising urbanization & digitalization trends, as well as the emerging need for consumers to adopt the latest technologies & services, have all contributed to a rapid increase in consumer electronics demand in recent years.

Furthermore, the higher price of electronics & the buyer’s low disposable income have made a significant contribution to the global demand for buy now pay later services, as buy now pay later services enable the buyer to fulfill its requirement of purchasing the gadget while removing the burden of paying large sums in one go.

-By Sales Channel

  • Online
  • Point of Sales

-By End User Age Group

  • 18-34 years
  • 35-54 years
  • Above 54 years

Buy Now Pay Later Market Geographical Reach:

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

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Key Questions Addressed:

  • Factors Driving Market Growth: Understand the primary drivers propelling the Buy Now Pay Later market forward.
  • Access to Reliable Reports: Learn where to access dependable market reports for informed decision-making.
  • Growth Projections: Gain insights into anticipated growth projections for the coming years.
  • Geographical Hotspots: Identify geographical poised for significant market growth soon.

Other Reports:

About Us

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.

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