Buy Now Pay Later Market Revenue US$ 3.98 trillion by 2030 | APAC 45.7% CAGR by Japan, China, Singapore, South Korea, Australia

The main purpose of buy now pay later is to eliminate the need to make payment for items at the buying time. In addition, numerous benefits provided by buy now pay later include, high security, hassle free transaction, faster transaction processing speed and others. Furthermore, rise in penetration of online payment across the globe and growth in the e-commerce industry in emerging countries are the major factors driving the buy now pay later market growth. 

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 generated at $90.69 billion in 2020, and is expected to generate $3.98 trillion by 2030, witnessing a CAGR of 45.7% from 2021 to 2030. 

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐓𝐡𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐎𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 : https://www.alliedmarketresearch.com/request-sample/12893 

Drivers, Restraints and Opportunities 

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

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

Based on 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 anticipated to dominate the global buy now pay later market from 2021 to 2030. 

The PoS Segment to Witness the Highest CAGR Through 2030 

Based on 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 led the market from 2021 to 2030. 

Asia-Pacific Region to Maintain the Dominant Share 

Based on 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 register the fastest CAGR of 47.8% from 2021 to 2030 and to dominate the market share by 2030. 

𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠- https://www.alliedmarketresearch.com/purchase-enquiry/12893 

Key Players in the Industry 

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

𝐆𝐫𝐚𝐛 𝐭𝐡𝐞 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 !!! 𝐋𝐈𝐌𝐈𝐓𝐄𝐃-𝐓𝐈𝐌𝐄 𝐎𝐅𝐅𝐄𝐑 - 𝐁𝐮𝐲 𝐍𝐨𝐰 & 𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝟏𝟓 % 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 :- https://www.alliedmarketresearch.com/checkout-final/de84231cd2be9ff97651340da9ba44ab 

Key Benefits For Stakeholders      

The study provides an in-depth analysis of global buy now pay later market forecast along with the current trends and future estimations to elucidate the imminent investment pockets. 

Information about key drivers, restraints, and opportunities and their impact analysis on global buy now pay later market share is provided in the report. 

Porter's five forces analysis illustrates the potency of the buyers and suppliers operating in the industry. 

The quantitative analysis of the buy now pay later market size from 2021 to 2030 is provided to determine the market potential. 

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 

By Region 

North America  (U.S., Canada, Mexico)

Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)

𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐢𝐧 𝐁𝐅𝐒𝐈 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:
Asset-Based Lending Market https://www.alliedmarketresearch.com/asset-based-lending-market-A12934

Blockchain in Insurance Market https://www.alliedmarketresearch.com/blockchain-in-insurance-market-A11767

Augmented Reality in BFSI Market https://www.alliedmarketresearch.com/augmented-reality-in-bfsi-market-A11749

Farm Insurance Market https://www.alliedmarketresearch.com/farm-insurance-market-A14727

Farming and Agriculture Finance Market https://www.alliedmarketresearch.com/farming-and-agriculture-finance-market-A14729

David Correa

1209 Orange Street, Corporation Trust Center, Wilmington, New Castle, Delaware 19801 USA.

Int'l: +1-503-894-6022 Toll Free: +1-800-792-5285

UK: +44-845-528-1300

India (Pune): +91-20-66346060 Fax: +1-800-792-5285 help@alliedmarketresearch.com
help@alliedmarketresearch.com
https://pooja-bfsi.blogspot.com/
https://steemit.com/@poojabfsi
https://medium.com/@psaraf568

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" 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.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.