Buy Now Pay Later Market : Latest Industry Trends, Trades, Supply, Demand, Prospects by 2032

Allied Market Research published a report, titled, "Buy Now Pay Later Market By Channel (Online and POS), Application (Retail Goods, Media & Entertainment, Healthcare & Wellness, Automotive, Home Improvement and Others), and End User (Generation X, Generation Z/Millennials and Baby Boomers): Global Opportunity Analysis and Industry Forecast, 2021-2030". According to the report, the global buy now pay later industry was estimated at $90.69 billion in 2020, and is anticipated to hit $3.98 trillion by 2030, registering a CAGR of 45.7% from 2021 to 2030.

Drivers, Restraints and Opportunities

Growth of the e-commerce industry and convenience and economical affordability of buy now pay later payment services fuel the growth of the global buy now pay later market. On the other hand, excessive delayed and returned payment charges limit the market to some extent. Moreover, a surge in demand for delayed payments during online purchases, as well as rise in spending on luxury items is anticipated to pave the way for multiple opportunities in the industry.

Download Sample Report@ https://www.alliedmarketresearch.com/request-sample/12893

COVID-19 Scenario:

During the initial phase of the Covid-19 outbreak, there was a significant increase in online shopping to limit the spread of the virus, which increased the demand for buy now pay later payment services.
Market leaders such as Visa and MasterCard joined forces during the pandemic to provide affordable installment financing options.
Increase in customer spending on medical services, rise in the cost of luxury electronic devices, and growing use of online payment systems have boosted the growth of buy now pay later market during the COVID-19 pandemic.
The PoS Segment to Manifest the Highest CAGR Through 2030

By channel, the PoS segment would show a highest CAGR of 49.0% during the forecast period. However, the online segment held the major market share in 2020, accounting for more than four-fifths of the global buy now pay later market, and is projected to ledthe market from 2021 to 2030.

The Media & Entertainment Segment to Witness Highest CAGR During the Forecast Period

By application, the media & entertainment segment is expected to grow at a highest CAGR of 50.1% during the forecast period. However, the retail goods segment dominated market in 2020, contributing for more than two-fifths of the total market share. Moreover the retail goods segment expected to dominate the global buy now pay later market from 2021 to 2030.

Asia-Pacific Region to Maintain the Dominant Share

By region, the Asia-Pacific dominated the market share in terms of revenue in 2020, accounting for nearly half global buy now pay later market. Moreover, this region is expected to witness the fastest CAGR of 47.8% from 2021 to 2030 and to dominant the market share by 2030.

Interested to Procure the Data? Inquire Here @ https://www.alliedmarketresearch.com/purchase-enquiry/12893

Key Players in the Industry

Afterpay
Laybuy Group Holdings Limited
Payl8r (Social Money Ltd.)
Quadpay
Splitit
Affirm Holdings Inc.
Klarna Bank AB
PayPal Holdings Inc.
Perpay
Sezzle

Buy Now Pay Later Market Key Segments

By Channel

Online Channel
POS Channel

By Application

Retail Goods
Media & Entertainment
Healthcare & Wellness
Automotive
Home Improvement
Others

By End User

Generation X
Generation Z/Millennials
Baby Boomers
Get Detailed Analysis of COVID-19 Impact on Buy Now Pay Later Market @ https://www.alliedmarketresearch.com/request-for-customization/12893?reqfor=covid   

Similar Reports:

Asset-Based Lending Market https://www.alliedmarketresearch.com/asset-based-lending-market-A12934
Fintech Lending Market https://www.alliedmarketresearch.com/fintech-lending-market-A14263
Fintech Technologies Market https://www.alliedmarketresearch.com/fintech-technologies-market
Auto Extended Warranty Market https://www.alliedmarketresearch.com/auto-extended-warranty-market-A12526
Prepaid Card Market https://www.alliedmarketresearch.com/prepaid-card-market

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

Follow us on LinkedIn and Twitter

About Us:  

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. 

This release was published on openPR.