Buy now Pay later Market Growth, Industry Statistics, Opportunities and Swot Analysis Including keyplayers Afterpay, PayPal Holdings, Affirm Holdings, Klarna, Splitit, Sezzle, Perpay, Openpay, Quadpay, LatitudePay
London, UK -- (SBWIRE) -- 12/07/2022 -- Buy now Pay later Market Scope & Overview
The Global Buy now Pay later Market is estimated to be worth USD 5.01 billion in 2021 and is projected to rise steadily at a rate of over 26.0 % during the period 2023-2029. This type of short-term financing allows individuals to buy everyday items such as clothes, electronics and home improvement products. It is a point of sale (POS) loan system that enables customers to purchase goods and arrange repayment. Retailers are providing Buy now Pay later services, which offer their customers the option to purchase common items on a reasonable payment plan, instead of paying the full cost at one time. Several entrepreneurs around the world have been using buy now pay later payments for financing large equipment, buying raw materials, and paying out salaries, which is driving the growth of the buy now pay later market. The popularity of buy now pay later (BNPL) technology has been on the rise among young people because of its various advantages such as the ability to purchase pricey gadgets like laptops and smartphones, pay tuition fees, and pay for stationery items and canteen food. The BNPL market has seen a surge in growth due to the advancements in technology and the substantial expansion in internet access around the world. Mobile device adoption and the need for faster online connections have encouraged both merchants and customers to conduct transactions through digital methods. The BNPL system also allows users to make payments by scanning a QR code. Nonetheless, the market growth could be hampered over the forecast period of 2023-2029 due to the exorbitant late charges imposed by BNPL service providers, along with the fees charged by banks and credit providers who offer BNPL services.
Participants will get benefit from Buy now Pay later market research to better understand the sector and create a winning corporate growth plan. The strategy research includes future growth plans for both new and established industry competitors as well as topics like marketing channels and market positioning. Market research may aid participants in comprehending the sector and developing a successful corporate expansion strategy.
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The research study includes profiles of leading companies operating in the global Buy now Pay later industry:
PayPal Holdings, Inc.
Affirm Holdings Inc.
Quantitative and qualitative information about growth rate, market segmentation, market size, anticipated trends, and geographic perspective are all included in the Buy now Pay later research report. Marketing channels, market positioning, and potential future growth strategies for both new and long-standing industry competitors are all covered in the strategy research. Market research helps businesses forecast sales of their products and, as a result, create a healthy balance between supply and demand for those products.
Market Segmentation Analysis
The qualitative data covered in the report covers, among other things, the regulatory environment, value chain and supply chain analysis, export and import analysis, compelling investment case, and Porter's 5 Forces analysis. It also discusses the main factors limiting the market's growth. The global Buy now Pay later market is segmented into four groups based on product type, application, geography, and end-use to better understand market dynamics.
The Buy now Pay later Market Major Segments and Subsegments Listed Below:
By Enterprise Size:
By End use:
Fashion & Garment
Leisure & Entertainment
COVID-19 Pandemic Impact Analysis
The report's analysts adopted an original and best-in-class research and analysis methodology to provide a thorough analysis of the global market. The market study on the COVID-19 pandemic and its effects on the Buy now Pay later industry explains how the outbreak forced this business to change and advance.
To gather qualitative and quantitative market knowledge, multilevel internal and external research was done. The method also makes it possible to create an overview and forecast of the regional markets for each market sector. Throughout the Buy now Pay later market analysis, both primary and secondary data were used to analyze the size of the various regional markets.
The research report shows that it is a practical tool that industry participants can use to gain a competitive edge over rivals and ensure long-term success in the global Buy now Pay later market. The report's conclusions, information, and content have all been examined and confirmed using reputable sources.
Key Reasons to Purchase Buy now Pay later Market
The qualitative and quantitative industrial characteristics of the target market's regions and countries are categorized using a variety of research categories.
The supply chain, import and export limitations, local government regulations, and potential sector impacts of the global COVID-19 outbreak are all examined in this research report.
The research report examines in depth the key market drivers and restraints that will influence the market's future growth.
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Table of Content
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2021-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Buy now Pay later Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Buy now Pay later Market Dynamics
3.1. Buy now Pay later Market Impact Analysis (2021-2029)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Buy now Pay later Market Industry Analysis
4.1. Porter's 5 Force Model
4.2. PEST Analysis
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 9. Global Buy now Pay later Market, Regional Analysis
Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
Chapter 11. Research Process
11.1. Research Process
11.2. Research Attributes
11.3. Research Assumption
The COVID-19 pandemic market scenario, as well as a current perspective on the constantly shifting commercial zone, are researched and analyzed for the purpose of giving the reader of the Buy now Pay later market report important information.
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