Buy Now Pay Later Market worth $60.47 billion by 2030, growing at a CAGR of 26.50% - Exclusive Report by 360iResearch

The "Buy Now Pay Later Market by Product (Applications, Browser Extensions), Channel (In-Store, Online), End-use - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Buy Now Pay Later Market to grow from USD 11.66 billion in 2023 to USD 60.47 billion by 2030, at a CAGR of 26.50%.

Request a Free Sample Report @ https://www.360iresearch.com/library/intelligence/buy-now-pay-later?utm_source=openpr&utm_medium=referral&utm_campaign=sample

Buy now, pay later (BNPL) is one of the payment choices where a customer pays for purchase over time in installments, ensuring the merchants get paid in full at the end of the installment period. This credit form limits the strains on the cash flow of users and enables them to explore customized credit plans while offering lower interest rates, late fees, and penalties. The rising use of digital & mobile-based payments owing to the proliferation of online purchases in support of the high availability of funding for the BNPL startups is the major factor expanding the market development. Declining credit approval rates and the strict government regulations for licensing the BNPL plans are restraining the adoption of BNPL services. However, with the improving awareness regarding this BNPL credit form, backed by various technological advancements focused on AI & ML, the product is expected to extend across cryptocurrency payment models and applications, creating immense opportunities for BNPL utilization.

The Americas and Europe region have observed tremendous growth in the use of BNPL, owing to the presence of fintech startups exploring new aids of technology integration with BNPL services and solutions. The millennial population in the region is the most prominent user of BNPL, with the rise of bank-based BNPL services and the partnerships between BNPL firms and payment entities offering customized products for the high number of credit-acquiring users. In the Asia-Pacific, BNPL is observed to be rising, owing to the customers' shift to mobile-based credit options and few regulations surrounding these products. However, Malaysia, Australia, and Singapore are suggesting guidelines for BNPL which can help in expanding the growth of these platforms in the future. The high degree of mobile empowerment, investment in financial inclusion, and limited availability of short-term credits characterize the Asia-Pacific, along with the Middle East & Africa, as a potential center for BNPL innovation and utilization.

Market Segmentation & Coverage:

This research report categorizes the Buy Now Pay Later Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Product, market is studied across Applications and Browser Extensions. The Applications is projected to witness significant market share during forecast period.

Based on Channel, market is studied across In-Store and Online. The In-Store is projected to witness significant market share during forecast period.

Based on End-use, market is studied across Education, Healthcare, Media & Entertainment, Retail, and Travel & Hospitality. The Retail is further studied across Consumer Electronics and Fashion & Garment. The Healthcare is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa is projected to witness significant market share during forecast period.

Inquire Before Buying @ https://www.360iresearch.com/library/intelligence/buy-now-pay-later?utm_source=openpr&utm_medium=referral&utm_campaign=inquire

FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Buy Now Pay Later Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Buy Now Pay Later Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Buy Now Pay Later Market, highlighting leading vendors and their innovative profiles. These include ACI Worldwide, Inc., Affirm, Inc., Afterpay Limited by Block, Inc., Amazon Pay Later by Amazon.com, Inc., Amount, Inc., Apple Pay Later by Apple Inc., Apruve, Inc. by TreviPay, Bank of America Corporation, Billie GmbH, Capgemini SE, ChargeAfter, Inc., Divido Financial Services Ltd., ePayLater by Arthashastra Fintech Private Limited, Fidelity National Information Services, Inc., Finastra, Finturf, Fiserv, Inc., Flipkart Pay Later by Flipkart Internet Private Limited, Global Payments Inc., Hokodo SAS, humm BNPL Pty Ltd., JPMorgan Chase & Co., Klarna Inc., LatitudePay Australia Pty Ltd., Laybuy Australia Pty Ltd., LazyPay Private Limited by PayU Payments Private Limited, Mastercard Inc., Nucleus Software Exports Ltd., Payl8r by Social Money Ltd., PayPal, Inc., Pelican.ai, Repay Holdings, LLC, S.W.I.F.T. SC, Sezzle Inc. by Zip Co Limited, Simpl by One Sigma Technologies Private Ltd., Splitit USA Inc., Tabby FZ-LLC, Temenos Headquarters SA, Temenos SA, Visa Inc., Worldline Group S.A., ZestMoney by Camden Town Technologies Pvt Ltd., Zinia by Open Bank, S.A., and ZoodPay by OrientSwiss S.A..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Buy Now Pay Later Market, by Product
7. Buy Now Pay Later Market, by Channel
8. Buy Now Pay Later Market, by End-use
9. Americas Buy Now Pay Later Market
10. Asia-Pacific Buy Now Pay Later Market
11. Europe, Middle East & Africa Buy Now Pay Later Market
12. Competitive Landscape
13. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Buy Now Pay Later Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Buy Now Pay Later Market?
3. What is the competitive strategic window for opportunities in the Buy Now Pay Later Market?
4. What are the technology trends and regulatory frameworks in the Buy Now Pay Later Market?
5. What is the market share of the leading vendors in the Buy Now Pay Later Market?
6. What modes and strategic moves are considered suitable for entering the Buy Now Pay Later Market?

Read More @ https://www.360iresearch.com/library/intelligence/buy-now-pay-later?utm_source=openpr&utm_medium=referral&utm_campaign=analyst

Contact 360iResearch

Mr. Ketan Rohom
Sales & Marketing,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India - 411014.
sales@360iresearch.com
+1-530-264-8485
+91-922-607-7550

About 360iResearch

360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.

We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.

Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.

Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.

This release was published on openPR.