Press release
Buy Now Pay Later (BNPL) Market to Reach US$ 51,793.6 Million, Globally, by 2032 at 23.49% CAGR - IMARC Group
According to the latest report by IMARC Group, titled "Buy Now Pay Later Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032", offers a comprehensive analysis of the industry, which comprises insights on the global Buy Now Pay Later market. The report also includes competitor and regional analysis, and contemporary advancements in the market.The global buy now pay later market size reached US$ 7,755.2 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 51,793.6 Million by 2032, exhibiting a growth rate (CAGR) of 23.49% during 2024-2032.
Factors Affecting the Growth of the Buy Now Pay Later Industry:
• Consumer Demand for Flexible Payment Options:
The global Buy Now Pay Later (BNPL) market is significantly driven by increasing consumer demand for flexible payment solutions. In the context of rising living costs and economic uncertainty, BNPL offers a convenient and budget-friendly alternative to traditional credit. This model allows consumers to spread the cost of purchases over time without the immediate financial burden, making it particularly attractive for those managing tight budgets or preferring not to accrue traditional credit card debt. The appeal is broad, encompassing not only young shoppers who are often more averse to traditional credit systems but also a wider demographic seeking more control and transparency in their financial transactions.
• E-Commerce Growth and Digital Payment Adoption:
The expansion of the BNPL market is closely tied to the rise in e-commerce and the widespread adoption of digital payment methods. As online shopping continues to grow, fueled by technological advancements and changing consumer behavior, BNPL platforms are increasingly integrated as a standard payment option. This integration offers a seamless and convenient shopping experience, catering to the modern consumer's expectation for quick and easy transaction processes. Along with this, as digital payment methods become more ubiquitous, consumers are more open to adopting new financial technologies such as BNPL. This trend is further bolstered by the strategic partnerships between BNPL providers and major e-commerce platforms, enhancing their visibility and accessibility to a vast online audience.
• Regulatory Evolution and Financial Inclusion:
The BNPL market is also being shaped by evolving regulatory landscapes and a shift towards financial inclusion. As governments and financial authorities start to recognize and regulate BNPL services, there is an opportunity for these platforms to gain legitimacy and trust among a broader user base. This regulatory attention is leading to improved consumer protection and responsible lending practices, making BNPL a more viable and safe option for a wider range of consumers. In addition, BNPL services are often more accessible than traditional credit systems, especially for underbanked populations or those with limited credit history. This inclusivity aligns with global financial inclusion goals, expanding the potential market base for BNPL services.
Request Free Sample Report: https://www.imarcgroup.com/buy-now-pay-later-market/requestsample
Global Buy Now Pay Later Market Trends:
The escalating shift towards increased market consolidation and strategic partnerships is favoring the market. As the industry matures, larger players are acquiring smaller firms to expand their customer base and diversify their offerings. This consolidation enhances their market presence and competitive edge. Additionally, there is a growing trend of integrating advanced technologies such as artificial intelligence and machine learning for risk assessment and fraud detection.
Technological integration improves the user experience and operational efficiency, fostering trust and reliability. Furthermore, the market is experiencing a geographical expansion, with companies venturing into emerging markets where digital payment systems are rapidly gaining traction, driven by a growing middle class and increasing internet penetration.
By the IMARC Group, Some of the Top Buy Now Pay Later Companies Operating in the Market are Given Below:
• Affirm Inc.
• Afterpay Pty Ltd (Block Inc.)
• Billie GmbH
• Klarna Bank AB
• LatitudePay Australia Pty Ltd
• Laybuy Holdings Limited
• LazyPay Private Limited (PayU)
• Openpay Group
• Payl8r
• Paypal Holdings Inc.
• Splitit Payments Ltd.
• Zip Co Limited
Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/buy-now-pay-later-market
Buy Now Pay Later Market Report Segmentation:
Breakup by Channel:
• Online
• Point of Sale (POS)
Online channels represent the largest segment due to the extensive proliferation of e-commerce platforms, where the convenience and flexibility of BNPL options align seamlessly with the online shopping experience.
Breakup by Enterprise Size:
• Large Enterprises
• Small and Medium Enterprises
Large enterprises represent the largest segment as they possess the necessary financial resources and extensive customer base to effectively integrate and promote BNPL services, driving wider adoption and usage.
Breakup by End Use:
• Consumer Electronics
• Fashion and Garment
• Healthcare
• Leisure and Entertainment
• Retail
• Others
Retail represents the largest segment since BNPL solutions are highly compatible with consumer purchasing behavior in retail, offering an attractive alternative to traditional payment methods for a diverse range of products and services.
Breakup by Region:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
North America exhibits the largest market, attributed to the region's high digital literacy, advanced financial infrastructure, and a consumer base that is receptive to innovative financial solutions such as BNPL, coupled with the presence of key market players in the region.
Key highlights of the Report:
• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Strategic Recommendations
• Historical, Current, and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Also, Read the Latest Research Reports 2024-2032, Published by IMARC Group:
• Paper Straw Market Report 2024: https://www.imarcgroup.com/paper-straw-market
• Latin America Online Grocery Market Report 2024: https://www.imarcgroup.com/latin-america-online-grocery-market
• China Toys Market Report 2024: https://www.imarcgroup.com/china-toys-market
• Organic Dairy Market in China Report 2024: https://www.imarcgroup.com/china-organic-dairy-market
• United States Shrimp Market Report 2024: https://www.imarcgroup.com/united-states-shrimp-market
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas :- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Buy Now Pay Later (BNPL) Market to Reach US$ 51,793.6 Million, Globally, by 2032 at 23.49% CAGR - IMARC Group here
News-ID: 3349661 • Views: …
More Releases from IMARC Group

GCC Pet Food Market Size is Expected to Reach USD 422.9 Million By 2033 | CAGR: …
GCC Pet Food Market Overview
Market Size in 2024: USD 266.2 Million
Market Size in 2033: USD 422.9 Million
Market Growth Rate 2025-2033: 5.3%
According to IMARC Group's latest research publication, "GCC Pet Food Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", the GCC pet food market size was valued at USD 266.2 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 422.9 Million by 2033, exhibiting a…

GCC Residential Real Estate Market Size to Worth USD 147.77 Billion by 2033 | Wi …
GCC Residential Real Estate Market Overview
Market Size in 2024: USD 73.31 Billion
Market Size in 2033: USD 147.77 Billion
Market Growth Rate 2025-2033: 7.50%
According to IMARC Group's latest research publication, "GCC Residential Real Estate Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", the GCC residential real estate market size was valued at USD 73.31 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 147.77 Billion by…

GCC Drones Market Size to Surpass USD 2,005.3 Million by 2033 | With a 13.3% CAG …
GCC Drones Market Overview
Market Size in 2024: USD 588.2 Million
Market Size in 2033: USD 2,005.3 Million
Market Growth Rate 2025-2033: 13.3%
According to IMARC Group's latest research publication, "GCC Drones Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The GCC drones market size was valued at USD 588.2 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 2,005.3 Million by 2033, exhibiting a growth rate of…

Medical Imaging Market to Surpass USD 70.8 Billion by 2033, at a CAGR of 5.03%
Market Overview:
The medical imaging market is experiencing rapid growth, driven by Growing Burden of Chronic and Age-Related Diseases, Expansion of Government-Funded Health Infrastructure and Technological Advancements in Imaging Modalities. According to IMARC Group's latest research publication, "Medical Imaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The global medical imaging market size reached USD 44.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach…
More Releases for Pay
Proximity Payment Market is Going to Boom | Major Giants Apple Pay, Google Pay, …
HTF MI just released the Global Proximity Payment Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2032. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach.
𝐌𝐚𝐣𝐨𝐫 Giants in Proximity Payment Market are:
Apple Pay, Google Pay, Samsung…
Mobile Wallet (NFC, Digital Wallet) Market to Witness Stunning Growth | Apple Pa …
HTF MI recently introduced Global Mobile Wallet (NFC, Digital Wallet) Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2024-2032). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence. Some key players from the complete study are Apple Pay, Google Pay, Samsung Pay, PayPal, Alipay, WeChat Pay,…
Unified Payments Interface (UPI) Market Is Booming Worldwide | Google Pay, Amazo …
The latest study released on the Global Unified Payments Interface (UPI) Market by AMA Research evaluates market size, trend, and forecast to 2028. The Unified Payments Interface (UPI) market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about…
Unified Payments Interface (UPI) Market May See a Big Move | Major Giants Samsun …
The latest study released on the Global Unified Payments Interface (UPI) Market by AMA Research evaluates market size, trend, and forecast to 2027. The Unified Payments Interface (UPI) market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about…
Samsung Pay Market is Booming Worldwide with Samsung Pay, Apple Pay, Google Pay
HTF Market Intelligence released a new research report of 23 pages on title 'Samsung Pay - Competitor Profile' with detailed analysis, forecast and strategies. The study covers key regions that includes North America, LATAM, United States, GCC, Southeast Asia, Europe, APAC, United Kingdom, India or China etc and important players such as Samsung Pay, Apple Pay, Google Pay, Alipay, Tenpay, Samsung Electronics, Visa, Mastercard.
Request a sample report @ https://www.htfmarketreport.com/sample-report/3587660-samsung-pay-competitor-profile
Summary
Samsung…
Mobile Payment Market may see a big Move: Apple Pay, Samsung Pay, Amazon Pay
A new business intelligence report released by HTF MI with title "Global Mobile Payment Market Report 2020" is designed covering micro level of analysis by manufacturers and key business segments. The Global Mobile Payment Market survey analysis offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics sources and it comprises both qualitative and quantitative detailing. Some…