Buy Now Pay Later Market Growth, Trends, Revenue, Business Challenges and Future Share 2030: MarkNtel Advisors

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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Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, 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 15 diverse industrial verticals.