The latest market report published by Credence Research, Inc. “Global Buy Now Pay Later Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028″. The Global Buy Now Pay Later Market generated around USD 4.9 billion in 2021 and is anticipated to grow a CAGR of over 25.80% during the forecast period from 2022 to 2028 to reach around USD 19.4 billion in 2028. While cumulative growth opportunity presented by the global Buy Now Pay Later is around USD 14.5 billion from 2022 to 2028.
The market is expanding due to reasons such as digitization, increased merchant adoption, increased repetitive applications among millennial customers, and the arrival of new enterprises offering BNPL lending services. Younger clients prefer BNPL services since they may buy pricey laptops and cellphones and pay for stationery, among other benefits. Many players focus on developing and marketing a BNPL installment solution that allows clients to pay over time with no interest. These product launches aim to provide customers with a better experience, encouraging market growth. Because of technical advancements and a noteworthy increase in internet usage worldwide, financial service providers may now offer digital services to customers, fueling the market growth. Furthermore, the purchase now pays later platform provides:
- A QR-code option.
- Allowing individuals to make a payment by scanning codes and completing the transaction via UPI techniques.
- Propelling the market’s growth.
The buy now pays later platform enables consumers to make secure payments without using a debit card, which promotes worldwide industry growth.
The global Buy Now Pay Later market is segmented into the channel, enterprise size, end-use, and Geography. Based on the channel, the Buy Now Pay Later market is categorized into Online and POS. On the enterprise size of the application, the Buy Now Pay Later market is segmented into Large Enterprises and Small & Medium Enterprises. Based on end-use, the Buy Now Pay Later market is segmented into Consumer Electronics, Fashion & Garment, Healthcare, Leisure & Entertainment, Retail and Others. Based on geography, the Buy Now Pay Later market is segmented as North America, Europe, Asia Pacific, Latin America and the Middle East, and Africa.
See how the Buy Now Pay Later Market is a trend that’s currently on the rise: https://www.credenceresearch.com/report/buy-now-pay-later-market
Buy Now Pay Later Market Scope
Market Value in 2021
USD 4.9 billion
Market Value in 2028
USD 19.4 billion
2016 – 2021
2022 – 2028
Why to Buy This Report-
- The report provides a qualitative as well as quantitative analysis of the global Buy Now Pay Later market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-to 2020, base year- 2021, and forecast period 2022-2028.
- The report contains information related to the competitive landscape, like how the key players in the market are operating at a global, regional, and country level.
- In-depth analysis of the global market segmentation on the basis of channel, enterprise size, and end-use.
- Research and development investments by the government as well as major players.
- The global Buy Now Pay Later market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major players analysis, market growth strategies, and key application areas.
Segmentation of Global Buy Now Pay Later Market-
Global Buy Now Pay Later Market – By Channel
Global Buy Now Pay Later Market – By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
Global Buy Now Pay Later Market – By End-use
- Consumer Electronics
- Fashion & Garment
- Leisure & Entertainment
Table Of Content:
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
188.8.131.52. Top-Down Approach
184.108.40.206. Bottom-Up Approach
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: Global Buy Now Pay Later Market
3. Market Dynamics & Factors Analysis
3.1.1. Global Buy Now Pay Later Market Value, 2016-2028, (US$ Bn)
3.2. Market Dynamics
3.2.1. Key Growth Trends
3.2.2. Major Industry Challenges
3.2.3. Key Growth Pockets
3.3. Attractive Investment Proposition,2021
3.3.2. Enterprise Size
3.4. Porter’s Five Forces Analysis
3.4.1. Threat of New Entrants
3.4.2. Bargaining Power of Buyers/Consumers
3.4.3. Bargaining Power of Suppliers
3.4.4. Threat of Substitute Types
3.4.5. Intensity of Competitive Rivalry
3.5. Value Chain Analysis
4. Market Positioning of Key Players, 2021
4.1. Company market share of key players, 2021
4.2. Competitive Benchmarking
4.3. Geographical Presence Analysis
4.4. Major Strategies Adopted by Key Players
4.4.1. Key Strategies Analysis
4.4.2. Mergers and Acquisitions
4.4.4. Product Launch
4.4.5. Geographical Expansion
5. COVID 19 Impact Analysis
5.1. Global Buy Now Pay Later Market Pre Vs Post COVID 19, 2019 – 2028
5.2. Impact on Import & Export
5.3. Impact on Demand & Supply
6. North America
6.1. North America Buy Now Pay Later Market, by Country, 2016-2028(US$ Bn)
6.2. North America Buy Now Pay Later Market, by Channel, 2016-2028(US$ Bn)
6.3. North America Buy Now Pay Later Market, by Enterprise Size, 2016-2028(US$ Bn)
6.3.2. Large Enterprises
6.3.3. Small & Medium Enterprises
6.4. North America Buy Now Pay Later Market, by End-Use, 2016-2028(US$ Bn)
6.4.2. Consumer Electronics
6.4.3. Fashion & Garment
6.4.5. Leisure & Entertainment
7.1. Europe Buy Now Pay Later Market, by Country, 2016-2028(US$ Bn)
7.1.15. Rest of Europe
7.2. Europe Buy Now Pay Later Market, by Channel, 2016-2028(US$ Bn)
7.3. Europe Buy Now Pay Later Market, by Enterprise Size, 2016-2028(US$ Bn)
7.3.2. Large Enterprises
7.3.3. Small & Medium Enterprises
7.4. Europe Buy Now Pay Later Market, by End-Use, 2016-2028(US$ Bn)
7.4.2. Consumer Electronics
7.4.3. Fashion & Garment
7.4.5. Leisure & Entertainment
8. Asia Pacific
9. Latin America
10. Middle East
12.1. Global Buy Now Pay Later Market, by Channel, 2016-2028(US$ Bn)
12.2. Global Buy Now Pay Later Market, by Enterprise Size, 2016-2028(US$ Bn)
12.2.2. Large Enterprises
12.2.3. Small & Medium Enterprises
12.3. Global Buy Now Pay Later Market, by End-Use, 2016-2028(US$ Bn)
12.3.2. Consumer Electronics
12.3.3. Fashion & Garment
12.3.5. Leisure & Entertainment
13. Company Profiles
13.2. PayPal Holdings, Inc.
13.3. Affirm, Inc.
13.4. Perpay Inc.
13.6. Quadpay, Inc.
13.8. Klarna Inc.
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