Buy Now Pay Later Market by Size, Share, Trends, Growth, and Forecast to 2022 | MarkNtel Advisors.

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Key Trend in the Market

Rising Digitalization in Business-to-Business Payments to Augment the Market Growth- Businesses in various industries are eagerly integrating the buy now pay later option on their websites in order to capitalize on benefits such as the ability to generate a high volume of sales leads through increased traffic on the e-commerce platform. Therefore, the integration of buy now pays later as an alternative is estimated to offer lucrative opportunities for driving the revenue growth of businesses by offering customers flexible payment options & attracting payback discounts and other offerings, including loyalty programs, etc. Further, realizing the benefits of buy now pay later adoption, several online selling merchants have engaged with the service providers to generate sales leads.

In 2021, Bonsai announced a partnership with Afterpay to allow Bonsai customers to purchase products directly within BuzzFeed content via Bonsai & pay for their purchase in four interest-free installments with Afterpay.

Moreover, the rising business-to-business partnerships to cater to the emerging consumer demand for digitalized payment alternatives keeping in view the merchants' interest, are anticipated to boost the revenue growth of buy now pay later service providers in the coming years.

Region- Specific Segmentation-Based Growth

Regional Segregation enables surveillance of the regions that have experienced significant strides in the Buy Now Pay Later Market throughout the last few years, specifically over the course of history, and it also identifies those that have the greatest likelihood to surpass the prior region and hasten the market's evolution in the near future. Geographically, the regions are divided into:

-North America

-South America

-Europe

-The Middle East & Africa

-Asia Pacific

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Category-Specific Segmentation-Based Growth

Category-Specific Segregation is one of the important features that guide discerning investors, major business players, stakeholders, etc. thoroughly evaluate the reports and pinpoint the main market-moving drivers without wasting valuable time. To segregate the Buy Now Pay Later Market into different major segments, our expert market research team labored assiduously for hours to collect every piece of information required. Moreover, it is relatively easy to figure out the market group that is least triggered, which could assist in helping competitors stop producing certain goods or offering certain services. The following is a method for looking at the various segments:

Depending on Segment, By Sales Channel

-Online

-Point of Sales

Depending on Segment, By Application

-Healthcare

-Clothing & Accessories

-Media & Entertainment

-Travel & Leisure

-Consumer Electronics

-Others

Depending on Segment, By End User Age Group

-18-34 years

-35-54 years

-Above 54 years

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Rivals Analysis

The studies ultimately include a competitive landscape aimed at rendering it straightforward to identify establishing market participants and the strategies they are pursuing in light of their sector supremacy. The subject matter of the keyword research paper, on the contrary hand, investigates all aspects of the competitive environment, utilizing emerging players to pinpoint the measurements and construct a particular combination of rigorous methods in an effort to outperform the never-ending rivalry with ease. The following list of significant businesses has been highlighted for a better understanding:

-Klarna

-Afterpay

-Affirm Inc.

-Laybuy Group Holdings Limited

-PayPal Holding Inc.

-Kredivo

-Zip Co. Ltd.

-Splitit

-Sezzel

-Amazon

-Flipkart

-Scalapay S.R.L.

-Others

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