Buy Now Pay Later Market Growth and Development Insight - Size, Share, Growth, and Industry Analysis - MarkNtel Advisors

According to Markntel Advisors Report, Buy Now Pay Later Market is expected to grow at a significant growth rate, and the analysis period is 2025-2030, considering the base year as 2024.Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

The buy now pays later (BNPL) is a financial option integrated into online shopping e-commerce platforms that allow customers to easily borrow & break their payments over a relatively short period with low-interest rates compared to credit lines.

Global Buy Now Pay Later Market Research Report & Summary:

The Global Buy Now Pay Later Market size was valued at around USD 14.88 billion in 2024 and is projected to reach around USD 31.71 billion by 2030. Along with this, the market is anticipated to grow at a CAGR of around 16.15% during the forecast period, i.e., 2025-2030.   

Time Period Captured in the Report:

·        Historical Years: 2020-2023

·        Base Years: 2024

·        Forecast Years: 2025-2030

Who are the Key Players Operating in the Buy Now Pay Later Market?

The top companies of the Buy Now Pay Later Market ruling the industry are: 

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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What is Included in Buy Now Pay Later Market Segmentation?

The Buy Now Pay Later Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

-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

-By Region

-North America

-South America

-Europe

-The Middle East & Africa

-Asia Pacific

Explore the Complete Buy Now Pay Later Market Analysis Report – https://www.marknteladvisors.com/research-library/buy-now-pay-later-market.html

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.

Global Buy Now Pay Later Market Challenge:

Higher Interest Rates & Availability of Substitutes: Despite the growing integration of buy now pay later services in online retail platforms, there is a lack of acceptance among the adults in developing & underdeveloped nations, including South America, Asia-Pacific, and the Middle East & Africa due to high amounts of interest levied on delayed payments. This has discouraged many potential customers to adopt BNPL services. Moreover, the easy availability of substitutes, such as post-dated checks, credit cards, etc., for the individuals with low-interest rates has hindered the growth of buy now pay later service across developing & underdeveloped nations.

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Why Markntel Advisor Report?

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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