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Buy Now Pay Later Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Publisher Fortune Business Insights Pvt. Ltd.
Published May 01, 2024
Length 120 Pages
SKU # FOB18812930

Description

Buy Now Pay Later Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Buy Now Pay Later Market

The buy now pay later market size was valued at USD 30.38 billion in 2023, and the market is now projected to grow from USD 37.19 billion in 2024 to USD 167.58 billion by 2032, exhibiting a CAGR of 20.7% during the forecast period of 2024-2032.

The COVID-19 pandemic created significant opportunities on the buy now pay later market growth as curbing coronavirus outbreak was prioritized. The above-average boom is mostly attributed to the enormous acceleration of banking and healthcare coverage services.

The buy now pay later market share globally has been contributed due to the rising number of e-commerce platforms with online payment methods. The increasing adoption of online payment techniques throughout industries such as banking, medical health insurance, retail and consumer items, and others has propelled the global point-of-sale installment loan marketplace to increase.

Furthermore, there’s been a notable trend of rising integration of artificial intelligence (AI) technology. Artificial Intelligence (AI) and device-gaining knowledge of technology assist carrier carriers in growing models in real-time and enhancing decision-making overall performance.

Comprehensive Analysis of Buy Now Pay Later Market

The buy now pay later market and information & communication technology industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the information & communication technology industry. These segmentations are methodically segregated by types of channels, enterprise, and category. The channel types include, Point of Sale (POS) and online. However, the enterprises are such as SMEs and large enterprises.

The North American region is conducive to the global buy now pay later market, leading to a recall of USD 18.21 billion owing to rising investment in research & development activities. Increasing repeat customers to use this service for purchasing products is a useful resource for marketplace growth. The region's increase is because of the presence and funding made via key gamers.

The top players in the market play a crucial role in the information & communication technology industry assuring industrial prospectus growth and setting market standards. These players include, Affirm Holdings Inc. (U.S.), Splitit (U.S.), Sezzle (U.S.), Laybuy Group Holdings Limited (New Zealand), Perpay Inc., (Philadelphia), Klarna Bank AB (publ) (Sweden), Quadpay (U.S.), Paypal (U.S.), Payl8r (U.K.), and Billie (Germany) these market players provide a level-playing competitive landscape.

In February 2023, CRED launched an application, CRED Flash, to go into the purchase-now-pay later provider. CRED Flash could permit users to make bills on the utility and throughout over 500 companion traders, along with Urban Company, Zpto, and Swiggy. It permits customers to clean the invoice in 30 days at no cost.

Segmentation Table

Attribute Details

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 20.7% from 2024 to 2032

Unit Value (USD billion)

Segmentation By Channel

Point of Sale (POS)

Online

By Enterprise Type

SMEs

Large Enterprises

By Category

Banking, Financial Services and Insurance (BFSI)

Consumer Electronics

Fashion & Garment

Healthcare

Retail

Media and Entertainment

Others (Travel and Transportation, Education, Logistics)

By Region

North America (By Channel, Enterprise Type, Category, Country)

- U.S.

- Canada

- Mexico

South America (By Channel, Enterprise Type, Category, Country)

- Brazil

- Argentina

- Rest of South America

Europe (By Channel, Enterprise Type, Category, Country)

- U.K.

- Germany

- France

- Italy

- Spain

- Russia

- Benelux

- Nordics

- Rest of Europe

Middle East & Africa (By Channel, Enterprise Type, Category, Country)

- Turkey

- Israel

- GCC

- North Africa

- South Africa

- Rest of MEA

Asia Pacific (By Channel, Enterprise Type, Category, Country)

- China

- India

- Japan

- South Korea

- ASEAN

- Oceania

- Rest of Asia Pacific


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Table of Contents

120 Pages
1. Introduction
1.1. Definition, By Segment
1.2. Research Methodology/Approach
1.3. Data Sources
2. Executive Summary
3. Market Dynamics
3.1. Macro Micro Economic Indicators
3.2. Drivers, Restraints, Opportunities and Trends
4. Competition Landscape
4.1. Business Strategies Adopted by Key Players
4.2. Consolidated SWOT Analysis of Key Players
4.3. Global Buy Now Pay Later Key Players Market Share/Ranking, 2023
5. Global Buy Now Pay Later Market Size Estimates and Forecasts, By Segments, 2019-2032
5.1. Key Findings
5.2. By Channel (USD)
5.2.1. Point of Sale (POS)
5.2.2. Online
5.3. By Enterprise Type (USD)
5.3.1. SMEs
5.3.2. Large Enterprise
5.4. By Category (USD)
5.4.1. BFSI
5.4.2. Consumer Electronics
5.4.3. Fashion and Garment
5.4.4. Healthcare
5.4.5. Retail
5.4.6. Media and Entertainment
5.4.7. Others (Travel and Transportation, Education, Logistics)
5.5. By Region (USD)
5.5.1. North America
5.5.2. South America
5.5.3. Europe
5.5.4. Middle East & Africa
5.5.5. Asia Pacific
6. North America Buy Now Pay Later Market Size Estimates and Forecasts, By Segments, 2019-2032
6.1. Key Findings
6.2. By Channel (USD)
6.2.1. Point of Sale (POS)
6.2.2. Online
6.3. By Enterprise Type (USD)
6.3.1. SMEs
6.3.2. Large Enterprise
6.4. By Category (USD)
6.4.1. BFSI
6.4.2. Consumer Electronics
6.4.3. Fashion and Garment
6.4.4. Healthcare
6.4.5. Retail
6.4.6. Media and Entertainment
6.4.7. Others (Travel and Transportation, Education, Logistics)
6.5. By Country (USD)
6.5.1. United States
6.5.2. Canada
6.5.3. Mexico
7. South America Buy Now Pay Later Market Size Estimates and Forecasts, By Segments, 2019-2032
7.1. Key Findings
7.2. By Channel (USD)
7.2.1. Point of Sale (POS)
7.2.2. Online
7.3. By Enterprise Type (USD)
7.3.1. SMEs
7.3.2. Large Enterprise
7.4. By Category (USD)
7.4.1. BFSI
7.4.2. Consumer Electronics
7.4.3. Fashion and Garment
7.4.4. Healthcare
7.4.5. Retail
7.4.6. Media and Entertainment
7.4.7. Others (Travel and Transportation, Education, Logistics)
7.5. By Country (USD)
7.5.1. Brazil
7.5.2. Argentina
7.5.3. Rest of South America
8. Europe Buy Now Pay Later Market Size Estimates and Forecasts, By Segments, 2019-2032
8.1. Key Findings
8.2. By Channel (USD)
8.2.1. Point of Sale (POS)
8.2.2. Online
8.3. By Enterprise Type (USD)
8.3.1. SMEs
8.3.2. Large Enterprise
8.4. By Category (USD)
8.4.1. BFSI
8.4.2. Consumer Electronics
8.4.3. Fashion and Garment
8.4.4. Healthcare
8.4.5. Retail
8.4.6. Media and Entertainment
8.4.7. Others (Travel and Transportation, Education, Logistics)
8.5. By Country (USD)
8.5.1. United Kingdom
8.5.2. Germany
8.5.3. France
8.5.4. Italy
8.5.5. Spain
8.5.6. Russia
8.5.7. Benelux
8.5.8. Nordics
8.5.9. Rest of Europe
9. Middle East & Africa Buy Now Pay Later Market Size Estimates and Forecasts, By Segments, 2019-2032
9.1. Key Findings
9.2. By Channel (USD)
9.2.1. Point of Sale (POS)
9.2.2. Online
9.3. By Enterprise Type (USD)
9.3.1. SMEs
9.3.2. Large Enterprise
9.4. By Category (USD)
9.4.1. BFSI
9.4.2. Consumer Electronics
9.4.3. Fashion and Garment
9.4.4. Healthcare
9.4.5. Retail
9.4.6. Media and Entertainment
9.4.7. Others (Travel and Transportation, Education, Logistics)
9.5. By Country (USD)
9.5.1. Turkey
9.5.2. Israel
9.5.3. GCC
9.5.4. North Africa
9.5.5. South Africa
9.5.6. Rest of MEA
10. Asia Pacific Buy Now Pay Later Market Size Estimates and Forecasts, By Segments, 2019-2032
10.1. Key Findings
10.2. By Channel (USD)
10.2.1. Point of Sale (POS)
10.2.2. Online
10.3. By Enterprise Type (USD)
10.3.1. SMEs
10.3.2. Large Enterprise
10.4. By Category (USD)
10.4.1. BFSI
10.4.2. Consumer Electronics
10.4.3. Fashion and Garment
10.4.4. Healthcare
10.4.5. Retail
10.4.6. Media and Entertainment
10.4.7. Others (Travel and Transportation, Education, Logistics)
10.5. By Country (USD)
10.5.1. China
10.5.2. India
10.5.3. Japan
10.5.4. South Korea
10.5.5. ASEAN
10.5.6. Oceania
10.5.7. Rest of Asia Pacific
11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
11.1. Affirm Holdings Inc.
11.1.1. Overview
11.1.1.1. Key Management
11.1.1.2. Headquarters
11.1.1.3. Offerings/Business Segments
11.1.2. Key Details (Key details are consolidated data and not product/service specific)
11.1.2.1. Employee Size
11.1.2.2. Past and Current Revenue
11.1.2.3. Geographical Share
11.1.2.4. Business Segment Share
11.1.2.5. Recent Developments
11.2. PayPal
11.2.1. Overview
11.2.1.1. Key Management
11.2.1.2. Headquarters
11.2.1.3. Offerings/Business Segments
11.2.2. Key Details (Key details are consolidated data and not product/service specific)
11.2.2.1. Employee Size
11.2.2.2. Past and Current Revenue
11.2.2.3. Geographical Share
11.2.2.4. Business Segment Share
11.2.2.5. Recent Developments
11.3. Klarna Bank AB (Publ)
11.3.1. Overview
11.3.1.1. Key Management
11.3.1.2. Headquarters
11.3.1.3. Offerings/Business Segments
11.3.2. Key Details (Key details are consolidated data and not product/service specific)
11.3.2.1. Employee Size
11.3.2.2. Past and Current Revenue
11.3.2.3. Geographical Share
11.3.2.4. Business Segment Share
11.3.2.5. Recent Developments
11.4. Laybuy Group Holdings Limited
11.4.1. Overview
11.4.1.1. Key Management
11.4.1.2. Headquarters
11.4.1.3. Offerings/Business Segments
11.4.2. Key Details (Key details are consolidated data and not product/service specific)
11.4.2.1. Employee Size
11.4.2.2. Past and Current Revenue
11.4.2.3. Geographical Share
11.4.2.4. Business Segment Share
11.4.2.5. Recent Developments
11.5. Perpay Inc.
11.5.1. Overview
11.5.1.1. Key Management
11.5.1.2. Headquarters
11.5.1.3. Offerings/Business Segments
11.5.2. Key Details (Key details are consolidated data and not product/service specific)
11.5.2.1. Employee Size
11.5.2.2. Past and Current Revenue
11.5.2.3. Geographical Share
11.5.2.4. Business Segment Share
11.5.2.5. Recent Developments
11.6. Quadpay
11.6.1. Overview
11.6.1.1. Key Management
11.6.1.2. Headquarters
11.6.1.3. Offerings/Business Segments
11.6.2. Key Details (Key details are consolidated data and not product/service specific)
11.6.2.1. Employee Size
11.6.2.2. Past and Current Revenue
11.6.2.3. Geographical Share
11.6.2.4. Business Segment Share
11.6.2.5. Recent Developments
11.7. Sezzle
11.7.1. Overview
11.7.1.1. Key Management
11.7.1.2. Headquarters
11.7.1.3. Offerings/Business Segments
11.7.2. Key Details (Key details are consolidated data and not product/service specific)
11.7.2.1. Employee Size
11.7.2.2. Past and Current Revenue
11.7.2.3. Geographical Share
11.7.2.4. Business Segment Share
11.7.2.5. Recent Developments
11.8. Payl8r
11.8.1. Overview
11.8.1.1. Key Management
11.8.1.2. Headquarters
11.8.1.3. Offerings/Business Segments
11.8.2. Key Details (Key details are consolidated data and not product/service specific)
11.8.2.1. Employee Size
11.8.2.2. Past and Current Revenue
11.8.2.3. Geographical Share
11.8.2.4. Business Segment Share
11.8.2.5. Recent Developments
11.9. Splitit
11.9.1. Overview
11.9.1.1. Key Management
11.9.1.2. Headquarters
11.9.1.3. Offerings/Business Segments
11.9.2. Key Details (Key details are consolidated data and not product/service specific)
11.9.2.1. Employee Size
11.9.2.2. Past and Current Revenue
11.9.2.3. Geographical Share
11.9.2.4. Business Segment Share
11.9.2.5. Recent Developments
11.10. Billie
11.10.1. Overview
11.10.1.1. Key Management
11.10.1.2. Headquarters
11.10.1.3. Offerings/Business Segments
11.10.2. Key Details (Key details are consolidated data and not product/service specific)
11.10.2.1. Employee Size
11.10.2.2. Past and Current Revenue
11.10.2.3. Geographical Share
11.10.2.4. Business Segment Share
11.10.2.5. Recent Developments
12. Key Takeaways

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