Is Buy Now, Pay Later Too Good to Be True? Here’s What You...

Is Buy Now, Pay Later Too Good to Be True? Here’s What You Need to Know!

Сообщение 2024-09-26 07:53:05

The Global Buy Now Pay Later Market Size is expected to reach USD 160.7 Billion by 2032, at a CAGR of 20.2% during the forecast period 2022 to 2032.

PayPal’s Buy Now, Pay Later (BNPL) service offers customers the flexibility of making four interest-free payments through an online payment platform available in major regions. Leading industry providers extend BNPL solutions across various sectors, including travel and tourism, consumer electronics, e-commerce and retail, healthcare insurance, and banking and financial services. Key players in this space also offer specialized BNPL options for electronics and travel purchases, catering to specific business needs. These services enable consumers to acquire goods and services without upfront payments, enhancing financial flexibility and reducing the burden of immediate costs. The BNPL market has experienced significant growth, driven by the rise of e-commerce, as consumers increasingly demand fast and convenient payment solutions in the expanding online shopping landscape.

This study gives a detailed analysis of drivers, restrains, opportunities and challenges limiting the market expansion of Buy Now Pay Later Market. The survey included a diverse set of players, including a balance of leading and growing manufacturers for business profiling, such as;

List of Key Market Players

Affirm Holdings Inc.
Quadpay
Sezzle
Splitit
Paypal
Perpay Inc
Klarna Bank AB (publ)
Laybuy Group Holdings Limited
Payl8r
Billie

Our expert team is consistently working on updated data and information on the key player’s related business processes that value the market for future strategies and predictions

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Must Watch! — Statistics and Facts

Market Segmentation:

Channel Analysis

Point of Sale (POS)
Online

End User Analysis

BFSI
Consumer Electronics
Fashion & Garment
Healthcare
Retail
Media & Entertainment
Others

Covered in this Report:

1. Go-to-market Strategy.
2. Neutral perspective on the market performance.
3. Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, QMI quadrant, and other significant analysis, as well as development status.
4. Customized regional/country reports as per request and country level analysis.
5. Potential & niche segments and regions exhibiting promising growth covered.
6.Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

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Industry Developments:

In July 2022: In India, Samsung debuted a buy now, pay later option for its foldable smartphones, including the Galaxy Z Flip 3, Galaxy S22 series, and Galaxy Z Fold 3 series. This BNPL option allows Samsung customers to pay 60% of the total amount in 18 interest-free installments, with the remaining 40% due on the 19th installment.

Regional Analysis for Buy Now Pay Later Market:

✫ North America: (U.S., Canada, Mexico)
✫ Europe: (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
✫ Asia-Pacific: (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
✫ South America: (Colombia, Brazil, Argentina, Rest of South America)
✫ Middle East & Africa: (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

⏩ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
⏩ Top-down and bottom-up approach for regional analysis
⏩ Porter’s five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
⏩ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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Frequently asked questions:

➥ What is the market size of the Buy Now Pay Later market?
➥ What is the market growth rate of the Buy Now Pay Later market?
➥ What are the Buy Now Pay Later market opportunities and threats faced by the vendors in the global Buy Now Pay Later Industry?
➥ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?
➥ What focused approach and constraints are holding the Buy Now Pay Later market?
➥ What are the different sales, marketing, and distribution channels in the global industry?

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