The global buy now pay later market is driven by surge in e-commerce industry growth along with the convenience and economical affordability of buy now pay later payment services.
Wilmington, Delaware, Oct. 26, 2023 (GLOBE NEWSWIRE) — Allied Market Research published a report, titled, “Buy Now Pay Later Market By Channel (Online and POS), Application (Retail Goods, Media & Entertainment, Healthcare & Wellness, Automotive, Home Improvement and Others), and End User (Generation X, Generation Z/Millennials and Baby Boomers): Global Opportunity Analysis and Industry Forecast, 2021-2030“. According to the report, the global buy now pay later industry generated at $90.69 billion in 2020, and is expected to generate $3.98 trillion by 2030, witnessing a CAGR of 45.7% from 2021 to 2030.
Request Research Report Sample & TOC: https://www.alliedmarketresearch.com/request-sample/12893
(We are providing report as per your research requirement, including the Latest Industry Insight’s Evolution, Potential and COVID-19 Impact Analysis)
52 – Tables
32 – Charts
290 – Pages
Report coverage & details:
|Market Size in 2022||$ 90.69 billion|
|Market Size in 2032||$ 3.98 trillion|
|No. of Pages in Report||290|
|Segments Covered||Channel, Application, and End User|
|Drivers||Digitization of Buy Now Pay Later|
|Opportunities||Increase in Adoption of Online Payment Method Among the People Affordable and Convenient Payment Service of Buy Now Pay Later Platforms|
|Restraints||competitive intensity of competitors threat of substitutes bargaining power of the buyers|
Inquiry before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/12893
Drivers, Restraints and Opportunities
The global buy now pay later market is driven by surge in e-commerce industry growth along with the convenience and economical affordability of buy now pay later payment services. On the other hand, excessive delayed and returned payment charges limit the market to some extent. Moreover, a rise in demand for delayed payments during online purchases and an increase in expenditure on luxury items is anticipated to pave the way for multiple opportunities in the industry.
The Media & Entertainment Segment to Manifest Highest CAGR During the Forecast Period
Based on application, the media & entertainment segment is expected to grow at a highest CAGR of 50.1% during the forecast period. However, the retail goods segment dominated market in 2020, contributing for more than two-fifths of the total market share. Moreover, the retail goods segment anticipated to dominate the global buy now pay later market from 2021 to 2030.
The PoS Segment to Witness the Highest CAGR Through 2030
Based on channel, the PoS segment would show a highest CAGR of 49.0% during the forecast period. However, the online segment held the major market share in 2020, accounting for more than four-fifths of the global buy now pay later market, and is projected to led the market from 2021 to 2030.
Asia-Pacific Region to Maintain the Dominant Share
Based on region, the Asia-Pacific dominated the market share in terms of revenue in 2020, accounting for nearly half global buy now pay later market. Moreover, this region is expected to register the fastest CAGR of 47.8% from 2021 to 2030 and to dominate the market share by 2030.
Key Players in the Industry
- Payl8r (Social Money Ltd.)
- Laybuy Group Holdings Limited
- Klarna Bank AB
- PayPal Holdings Inc.
- Affirm Holdings Inc.
Request Customization: https://www.alliedmarketresearch.com/request-for-customization/12893
Key Benefits For Stakeholders
- The study provides an in-depth analysis of global buy now pay later market forecast along with the current trends and future estimations to elucidate the imminent investment pockets.
- Information about key drivers, restraints, and opportunities and their impact analysis on global buy now pay later market share is provided in the report.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
- The quantitative analysis of the buy now pay later market size from 2021 to 2030 is provided to determine the market potential.
Buy Now Pay Later Market Key Segments
- Online Channel
- POS Channel
- Retail Goods
- Media & Entertainment
- Healthcare & Wellness
- Home Improvement
By End User
- Generation X
- Generation Z/Millennials
- Baby Boomers
- South Korea
- Rest of Asia-Pacific
- Latin America
- Middle East
Trending Reports in BFSI Industry (Book Now with 10% Discount + Covid-19 scenario):
B2B Payments Market by Payment Type (Domestic Payments, Cross-border Payments), by Enterprise Size (Large Enterprises, Medium-sized Enterprises, Small-sized Enterprises), by Payment Method (Bank Transfer, Cards, Others), by Industry Vertical (Manufacturing, IT and Telecom, Metals and Mining, Energy and Utilities, BFSI, Government Sector, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
QR Codes Payment Market By Offering (Solution and Services), Payment Type (Push Payment and Pull Payment), Transaction Channel (Face-to-Face and Remote), and End User (Restaurant, Retail & E-Commerce, E-Ticket Booking, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030
Crypto Payment Gateway Market by Type (Web-based, Mobile-based), by Application (iGaming, E-Stores, Others), by Operating System (Android, iOS, Others), by End User (Individual, Business): Global Opportunity Analysis and Industry Forecast, 2021-2031
Bitcoin Payments Market by Keys (Private Keys, Public Keys), by Component (Hardware, Software, Services), by Application (E-commerce, Retail, Others): Global Opportunity Analysis and Industry Forecast, 2022-2031
P2P Payment Market Transaction Mode (Mobile Web Payments, Near Field Communication, SMS/Direct Carrier Billing and Others), Payment Type (Remote and Proximity), End User (Personal and Business), and Application (Media & Entertainment, Energy & Utilities, Healthcare, Retail and Hospitality & Transportation): Global Opportunity Analysis and Industry Forecast, 2021-2030
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
1209 Orange Street,
Corporation Trust Center,
Delaware 19801 USA.
Toll Free: +1-800-792-5285
India (Pune): +91-20-66346060