In-Depth Analysis of the Global Buy Now Pay Later Market: 2024-2030 Forecasts
MarkNtel Advisors has recently released an in-depth study on the Buy Now Pay Later Market, covering historical data, current market trends, marketing strategies, technological advancements, upcoming technologies, emerging opportunities, and technical advancements in the relevant industry.
How big is the Keyword Industry?
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.
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Who are the top players in the Buy Now Pay Later Market?
- 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
Global Buy Now Pay Later Market Segmentation:
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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Regional/ Countries Insight:
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
What are the primary market drivers influencing the growth of Buy Now Pay Later Market?
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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Gain a Competitive Edge with Market Research Report
- The Global Buy Now Pay Later Market Report by MarkNtel Advisors offers a detailed analysis of the market size, growth rate, competitive landscape, and key players, allowing businesses to gain a comprehensive understanding of market dynamics.
- Businesses can utilize the report to identify emerging opportunities and potential challenges in the market by highlighting current trends and providing future projections.
- The insights provided in the report enable companies to align their strategies based on market forecasts, ensuring they can stay ahead of the competition and make informed decisions.
- Apart from market trends and projections, the Global Buy Now Pay Later Market Report assists in assessing and mitigating risks associated with entering or operating in the market
- By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategic approaches to minimize risks and optimize their operations, enhancing their competitive edge in the market.
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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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