Buy Now Pay Later Services Market Report 2024 Latest Insights, Growth Rate, Future Trends And Forecast | Key Players : PayPal Holdings Inc., HSBC Holdings plc, Klarna Bank AB, Affirm Holdings Inc., Afterpay Limited, Zip Co Limited, Openpay Pty Ltd

"The new report published by The Business Research Company, titled Buy Now Pay Later Services Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the buy now pay later services market size has grown exponentially in recent years. It will grow from $6.51 billion in 2023 to $8.42 billion in 2024 at a compound annual growth rate (CAGR) of 29.3%. The buy now pay later services market size is expected to see exponential growth in the next few years. It will grow to $23.73 billion in 2028 at a compound annual growth rate (CAGR) of 29.6%.

Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=16365&type=smp

E-Commerce Growth Propels Buy Now Pay Later Services Market
The expansion of e-commerce is expected to propel the growth of the buy now pay later (BNPL) services market going forward. E-commerce, short for electronic commerce, refers to the buying and selling of goods and services over the Internet, encompassing online transactions through websites, mobile apps, and other digital platforms. The expansion of e-commerce is due to technological advancements, consumer preferences, market dynamics, and global connectivity. The buy now pay later services are crucial in enhancing e-commerce by improving the shopping experience, increasing conversion rates, boosting average order values, attracting new customers, and reducing cart abandonment. They provide financial flexibility to consumers while offering strategic advantages to merchants in a competitive online marketplace. For instance, in May 2024, according to the United States Department of Commerce, a US-based government department, retail e-commerce sales in the first quarter of 2024 amounted to $289.2 billion, up 2.1% from the fourth quarter of 2023. Therefore, the expansion of e-commerce is driving the buy now, pay later services market.

Innovative AI-Driven BNPL Banking Services In The Market
Major companies operating in the buy now pay later services market are focused on developing innovative technologies, such as AI-driven BNPL banking services, to strengthen their position in the market. AI-driven BNPL (Buy Now Pay Later) banking services refer to financial products and services that leverage artificial intelligence (AI) technology to enhance the BNPL experience for consumers and financial institutions. For instance, in January 2022, Temenos AG, a Switzerland-based company that provides software for banks and financial services, announced the launch of the Buy-Now-Pay-Later banking service. This innovation leverages advanced artificial intelligence for real-time credit scoring and risk assessment, ensuring a precise evaluation of consumer creditworthiness. It offers personalized installment plans based on AI-driven insights into consumer spending behaviors, enhancing customer satisfaction and reducing default risks.

The buy now pay later services market covered in this report is segmented -

1) By Type: Online Platforms, Point Of Sale Financing
2) By Product Category: Kitchen Appliances, Other Electronic Appliances, Fashion And Personal Care, Healthcare, Other Product Categories
3) By End-Use: Retail, Automotive, Other End-Uses

Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=16365&type=discount

Major companies operating in the buy now pay later services market are PayPal Holdings Inc., HSBC Holdings plc, Klarna Bank AB, Affirm Holdings Inc., Afterpay Limited, Zip Co Limited, Openpay Pty Ltd, Freecharge Payment Technologies Private Limited, Sezzle Inc., PayClip Inc., Zest Money, One Mobikwik Systems Private Limited, Zilch Technology Limited, Atome Financial, Scalapay S.r.l., Laybuy Holdings Limited, Billie GmbH, ViaBill Inc., Splitit Payments Ltd, Social Money Ltd, Payright Ltd, FuturePay Holdings Inc., OlaMoney Postpaid, LazyPay

Contents of the report:
1. Executive Summary
2. Buy Now Pay Later Services Market Report Structure
3. Buy Now Pay Later Services Market Trends And Strategies
4. Buy Now Pay Later Services Market - Macro Economic Scenario
5. Buy Now Pay Later Services Market Size And Growth
…..
27. Buy Now Pay Later Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/buy-now-pay-later-services-global-market-report

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ "

Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.