Buy Now Pay Later Market size was valued at USD 173.09 Bn. in 2022 and the total revenue is expected to grow by 36.17% from 2023 to 2029, reaching nearly 1502.77 Bn.
Buy Now Pay Later Market Overview
The report delivered by Maximize Market Research helps clients to understand the competitive landscape in detail, which is a guide for strategic planning. The total global market for the Buy Now Pay Later Market was valued at USD in 2022 and is expected to grow at a CAGR of percent over the forecast period to reach USD by 2029.
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Buy Now Pay Later Market Report Scope and Research Methodology
The Buy Now Pay Later Market report includes current trends and market highlights, assisting clients in exploring lucrative opportunities in the market. During the forecast period, the report covers market size with estimations and growth rates. To understand Buy Now Pay Later market penetration, competitive structure, pricing, and demand analysis, regional market analysis is carried out at the local, regional, and global levels.
Data is collected using primary and secondary collection methods with qualitative and quantitative approaches. Primary data include surveys, questionnaires and telephonic interviews with market experts, market leaders and business owners. Secondary data was taken from press releases, annual reports, financial reports, government organizations’ sites and white papers. The bottom-up approach was used for Buy Now Pay Later market estimation. For a competitive landscape of the Buy Now Pay Later Market, Key players are collected based on various parameters that involve the products and services offered, revenue generated, technological advancements adopted and mergers and acquisitions. Research tools such as SWOT, PESTLE and Porter’s Five forces were used for the Buy Now Pay Later Market analysis for the Micro and macro factors affecting the Buy Now Pay Later Market presented.
Buy Now Pay Later Market Regional Insights
The Buy Now Pay Later market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report includes a thorough analysis of all the factors, market size, growth rate, and import and export in regions.
Buy Now Pay Later Market Segmentation
by Channel
Online
POS
By Channel, the Buy Now Pay Later Market is segmented into Online and POS. In 2022 the Online segment accounted for around 67.2% of total revenue. As part of their post-pandemic revival strategies, numerous companies all around the world are forming partnerships to concentrate on the adoption of the fastest-growing online payment options, like buy now pay later. For instance, Uplift, Inc., a provider of BNPL solutions, declared its relationship with Tripster, a one-stop website for booking travel, in August 2022.
by Enterprise Size
Large Enterprises
Small & Medium Enterprises
By Enterprise Size, the Buy Now Pay Later Market is segmented into Large Enterprises and Small & Medium Enterprises. The Large Enterprises segment dominated the market share accounting for 61.37% in 2022. Large Enterprises frequently use the purchase now pay later option because it gives customers a flexible and affordable payment option for expensive things. Due to the ease of shopping, customers are able to acquire more goods, which boosts sales. On the other hand, it is expected that the segment of small and medium-sized businesses would grow at the fastest rate through the forecast period. To increase sales conversion rates, small and medium-sized businesses all over the world are concentrating on buy now pay later options. Buy now pay later also offers more clarity because all of its costs and prices are made available to the public. Small and medium-sized businesses prioritise growing their clientele and strengthening their competitive position.
by End-User
Consumer Electronics
Fashion & Garment
Healthcare
Leisure & Entertainment
Retail
Others
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Buy Now Pay Later Market Key Players
1. Affirm, Inc.(US)
2. ViaBill(US)
3. Visa(US)
4. Quadpay, Inc.(US)
5. Splitit(US)
6. Mastercard(US)
7. Sezzle(US)
8. Perpay Inc.(US)
9. Amazon(US)
10.QuadPay(US)
11.Revo(US)
12.Apple Pay(US)
13.PayPal(US)
14.Klarna Inc.(Sweden)
15.Openpay(Australia)
16.LatitudePay(Australia)
17.Afterpay(Australia)
18.Atome(Singapore)
19.hoolah(Singapore)
20.Cashalo(Philippines)
21.Paidy(Japan)
22.PayBright(Canada)
23.Carbon Zero(Canada)
24.Clearbanc(Canada)
25.Pine Labs(India)
Key questions answered in the Buy Now Pay Later Market are:
- What is Buy Now Pay Later?
- What was the Buy Now Pay Later market size in 2023?
- What is the growth rate of the Buy Now Pay Later Market?
- Which are the factors expected to drive the Buy Now Pay Later market growth?
- What are the different segments of the Buy Now Pay Later Market?
- What growth strategies are the players considering to increase their presence in Buy Now Pay Later?
- What are the upcoming industry applications and trends for the Buy Now Pay Later Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Buy Now Pay Later Market?
- What is the demand pattern of the Buy Now Pay Later Market?
- What major challenges could the Buy Now Pay Later Market face in the future?
- What segments are covered in the Buy Now Pay Later Market?
- Who are the leading companies and what are their portfolios in Buy Now Pay Later Market?
- What segments are covered in the Buy Now Pay Later Market?
- Who are the key players in the Buy Now Pay Later market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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