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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Buy Now Pay Later Application Market to reach USD 31.07 billion by the end of 2029.

Global Buy Now Pay Later Application Market Size study & Forecast, by Channel (Online, POS), Enterprise Size (Large Enterprises and Small & Medium-Sized Enterprises) and End User (Fashion & Garment Industry, Consumer Electronics, Cosmetic Industry, Healthcare, and Others) and Regional Analysis, 2022-2029

Product Code: ICTICTS-49318626
Publish Date: 13-05-2023
Page: 200

Global Buy Now Pay Later Application Market is valued at approximately USD 4.86 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 26.10% over the forecast period 2022-2029. Buy Now, Pay Later (BNPL) refers to a short-term financing option that allows consumers to make purchases and pay for them with no interest over time. Consumers may find it convenient to use BNPL financing, but there are some potential drawbacks to consider. BNPL arrangements, also known as point-of-sale instalment loans, are a growing payment option, particularly for online shopping. The increasing adoption of BNPL services from merchants and growing digitalization as well as the rising popularity of e-commerce are key factors driving the market growth.

The increasing popularity of e-commerce is contributing towards the growth of the Global Buy Now Pay Later Application Market. For instance – as per Statista – in 2021, global retail e-commerce sales were estimated at USD 5.2 trillion, and this figure is forecast to grow by 56 per cent over the next years, to reach USD 8.1 trillion by 2026. Furthermore, the increasing adoption of BNPL services from merchants is another factor driving the market space. For instance- in December 2022, Worldline, a leader in global payments services, unveiled a new service to help address the travel industry’s fast-rising need for “Buy Now Pay Later” (BNPL) payments. The joint offering will be made available through Worldline’s existing TravelHub payment system in partnership between the company and travel payment provider Fly Now Pay Later. Also, growing cyber-attacks on mobile payment systems and an increasing number of partnerships & brand collaborations would create a lucrative growth prospectus for the market over the forecast period. For instance – in September 2021, BNPL solution provider Uplift, Inc. partnered with SeaWorld Parks & Entertainment, Inc., an American Theme Park, and entertainment company to jointly offer BNPL solutions to their customers. However, the high entry barrier due to high initial fund requirements hinder the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Buy Now Pay Later Application Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the presence of leading market players as well as the increasing adoption of online sales channels in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising collaboration between market players as well as growing adoption of commerce-commerce platforms in the region.

Major market player included in this report are:
PayPal Holdings, Inc.
Affirm, Inc.
Klarna Inc.
Perpay Inc.
Quadpay, Inc.

Recent Developments in the Market:
Ø In August 2022, LazyPay announced the expansion of its Pay-Later service in partnership with Dukaan, an easy-to-use app that enables retailers to create online stores. Under this partnership, the company would offer BNPL solutions to small sellers and entrepreneurs across various categories.

Global Buy Now Pay Later Application Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Channel, Enterprise Size, End User, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Channel

By Enterprise Size
Large Enterprises
Small & Medium Enterprise

By End User
Fashion & Garment Industry
Consumer Electronics
Cosmetic Industry

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Buy Now Pay Later Application Market, by Region, 2019-2029 (USD Billion)
1.2.2. Buy Now Pay Later Application Market, by Channel, 2019-2029 (USD Billion)
1.2.3. Buy Now Pay Later Application Market, by Enterprise Size, 2019-2029 (USD Billion)
1.2.4. Buy Now Pay Later Application Market, by End User, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Buy Now Pay Later Application Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Buy Now Pay Later Application Market Dynamics
3.1. Buy Now Pay Later Application Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Increasing adoption of BNPL services from merchants Growing digitalization Rising popularity of ecommerce
3.1.2. Market Challenges High entry barrier due to high initial fund requirement
3.1.3. Market Opportunities Growing cyber-attacks on mobile payment systems Increasing number of partnerships & brand collaborations
Chapter 4. Global Buy Now Pay Later Application Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Buy Now Pay Later Application Market, by Channel
6.1. Market Snapshot
6.2. Global Buy Now Pay Later Application Market by Channel, Performance – Potential Analysis
6.3. Global Buy Now Pay Later Application Market Estimates & Forecasts by Channel 2019-2029 (USD Billion)
6.4. Buy Now Pay Later Application Market, Sub Segment Analysis
6.4.1. Online
6.4.2. POS
Chapter 7. Global Buy Now Pay Later Application Market, by Enterprise Size
7.1. Market Snapshot
7.2. Global Buy Now Pay Later Application Market by Enterprise Size, Performance – Potential Analysis
7.3. Global Buy Now Pay Later Application Market Estimates & Forecasts by Enterprise Size 2019-2029 (USD Billion)
7.4. Buy Now Pay Later Application Market, Sub Segment Analysis
7.4.1. Large Enterprises
7.4.2. Small & Medium Enterprises
Chapter 8. Global Buy Now Pay Later Application Market, by End User
8.1. Market Snapshot
8.2. Global Buy Now Pay Later Application Market by End User, Performance – Potential Analysis
8.3. Global Buy Now Pay Later Application Market Estimates & Forecasts by End User 2019-2029 (USD Billion)
8.4. Buy Now Pay Later Application Market, Sub Segment Analysis
8.4.1. Fashion & Garment Industry
8.4.2. Consumer Electronics
8.4.3. Cosmetic Industry
8.4.4. Healthcare
8.4.5. Others
Chapter 9. Global Buy Now Pay Later Application Market, Regional Analysis
9.1. Buy Now Pay Later Application Market, Regional Market Snapshot
9.2. North America Buy Now Pay Later Application Market
9.2.1. U.S. Buy Now Pay Later Application Market Channel breakdown estimates & forecasts, 2019-2029 Enterprise Size breakdown estimates & forecasts, 2019-2029 End User breakdown estimates & forecasts, 2019-2029
9.2.2. Canada Buy Now Pay Later Application Market
9.3. Europe Buy Now Pay Later Application Market Snapshot
9.3.1. U.K. Buy Now Pay Later Application Market
9.3.2. Germany Buy Now Pay Later Application Market
9.3.3. France Buy Now Pay Later Application Market
9.3.4. Spain Buy Now Pay Later Application Market
9.3.5. Italy Buy Now Pay Later Application Market
9.3.6. Rest of Europe Buy Now Pay Later Application Market
9.4. Asia-Pacific Buy Now Pay Later Application Market Snapshot
9.4.1. China Buy Now Pay Later Application Market
9.4.2. India Buy Now Pay Later Application Market
9.4.3. Japan Buy Now Pay Later Application Market
9.4.4. Australia Buy Now Pay Later Application Market
9.4.5. South Korea Buy Now Pay Later Application Market
9.4.6. Rest of Asia Pacific Buy Now Pay Later Application Market
9.5. Latin America Buy Now Pay Later Application Market Snapshot
9.5.1. Brazil Buy Now Pay Later Application Market
9.5.2. Mexico Buy Now Pay Later Application Market
9.5.3. Rest of Latin America Buy Now Pay Later Application Market
9.6. Rest of The World Buy Now Pay Later Application Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Afterpay Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. PayPal Holdings, Inc.
10.2.3. Affirm, Inc.
10.2.4. Klarna Inc.
10.2.5. Splitit
10.2.6. Sezzle
10.2.7. Perpay Inc.
10.2.8. Openpay
10.2.9. Quadpay, Inc.
10.2.10. LatitudePay
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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