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Global Buy now Pay later Market to reach USD 25.26 billion by 2028.

Global Buy now Pay later Market Size study, by Channel (Online, POS) by Enterprise Size (Large , SME) by End use (Consumer electronics, Fashion, Garment) and Regional Forecasts 2022-2028

Product Code: ICTEITS-14360859
Publish Date: 23-05-2022
Page: 200

Global Buy now Pay later Market is valued approximately USD 5.01 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 26.0 % over the forecast period 2022-2028. The buy now pay later is a type of short-term financing that allows individual to purchase daily useful products such as clothes, electronic devices, and home improvement products. It is point of sale (POS) installment loan process that permits consumers to make purchase of the products and manages the reimbursement. Retailers are offering buy now pay later solution that enable their customers to purchase the daily essential goods by choosing an affordable financing plan and pay in installments instead of the entire cost at one time. Several business owners across the globe have been using buy now pay later payment platform for financing large equipment, purchasing of raw materials, and paying employee salary, which drives the growth of the buy now pay later market globally. In addition, increase in adoption of buy now pay later payment technology among the youth as it offers several benefits such as buying the high cost smartphone & laptop, paying the tuition fees & stationary products, and paying canteen bill, which accelerate the buy now pay later market growth. Technological advancements coupled with the notable increase in internet penetration globally have enabled financial service providers to offer novel digital services to customers. Higher smartphone adoption and the requirement for faster internet connectivity have propelled merchants and customers to receive and make payments via the digital platform. In addition, the BNPL platform also supports the QR-code option that allows the customers to scan the code and make respective payments. However, high late fees charged by BNPL service providers and charges placed by credit providers and banks that offer BNPL services are expected to hinder the market growth over the forecast period of 2022-2028.

The key regions considered for the Global Buy now Pay later Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market and accounted for the highest share of the global revenue. The regional market growth can be attributed to the presence of a large number of major and important players. Moreover, various fintech companies in this region are getting into a partnership with entertainment companies to offer BNPL services for booking hotels. Asia Pacific is anticipated to record the fastest growth over the forecast period. BNPL trend is becoming popular across the region as it enables customers to access credit and defer payments. Moreover, the increase in uptake of BNPL solutions across the region has been fueled by millennial and Gen Z shoppers.

Major market player included in this report are:
PayPal Holdings, Inc.
Affirm Holdings Inc.
Klarna, Inc.
Perpay, Inc.
Quadpay, Inc.
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 eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available 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:
By End use:
Consumer Electronics
Fashion & Garment
Leisure & Entertainment
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Buy now Pay later Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Buy Now Pay Later Market, by Region, 2020-2028 (USD Billion)
1.2.2. Buy Now Pay Later Market, by Channel, 2020-2028 (USD Billion)
1.2.3. Buy Now Pay Later Market, by Enterprise Size, 2020-2028 (USD Billion)
1.2.4. Buy Now Pay Later Market, by End-use, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Buy Now Pay Later 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 Market Dynamics
3.1. Buy Now Pay Later Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Notable increase in internet penetration globally Affordable and convenient Payment Service of Buy now Pay Later Platforms
3.1.2. Market Challenges High late fees charged by BNPL service providers Charges placed by credit providers and banks that offer BNPL services
3.1.3. Market Opportunities Technological advancements and enhanced acceptance by youth
Chapter 4. Global Buy Now Pay Later 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
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Buy Now Pay Later Market, by Channel
6.1. Market Snapshot
6.2. Global Buy Now Pay Later Market by Channel, Performance – Potential Analysis
6.3. Global Buy Now Pay Later Market Estimates & Forecasts by Channel 2018-2028 (USD Billion)
6.4. Buy Now Pay Later Market, Sub Segment Analysis
6.4.1. Online
6.4.2. POS
Chapter 7. Global Buy Now Pay Later Market, by Enterprise Size
7.1. Market Snapshot
7.2. Global Buy Now Pay Later Market by Enterprise Size, Performance – Potential Analysis
7.3. Global Buy Now Pay Later Market Estimates & Forecasts by Enterprise Size 2018-2028 (USD Billion)
7.4. Buy Now Pay Later Market, Sub Segment Analysis
7.4.1. Large
7.4.2. SME

Chapter 8. Global Buy Now Pay Later Market, by End-use
8.1. Market Snapshot
8.2. Global Buy Now Pay Later Market by End-use, Performance – Potential Analysis
8.3. Global Buy Now Pay Later Market Estimates & Forecasts by End-use 2018-2028 (USD Billion)
8.4. Buy Now Pay Later Market, Sub Segment Analysis
8.4.1. Consumer Electronics
8.4.2. Fashion & Garment
8.4.3. Healthcare
8.4.4. Leisure & Entertainment
8.4.5. Retail
8.4.6. Others
Chapter 9. Global Buy Now Pay Later Market, Regional Analysis
9.1. Buy Now Pay Later Market, Regional Market Snapshot
9.2. North America Buy Now Pay Later Market
9.2.1. U.S. Buy Now Pay Later Market Channel breakdown estimates & forecasts, 2018-2028 Enterprise Size breakdown estimates & forecasts, 2018-2028 End-use breakdown estimates & forecasts, 2018-2028
9.2.2. Canada Buy Now Pay Later Market
9.3. Europe Buy Now Pay Later Market Snapshot
9.3.1. U.K. Buy Now Pay Later Market
9.3.2. Germany Buy Now Pay Later Market
9.3.3. France Buy Now Pay Later Market
9.3.4. Spain Buy Now Pay Later Market
9.3.5. Italy Buy Now Pay Later Market
9.3.6. Rest of Europe Buy Now Pay Later Market
9.4. Asia-Pacific Buy Now Pay Later Market Snapshot
9.4.1. China Buy Now Pay Later Market
9.4.2. India Buy Now Pay Later Market
9.4.3. Japan Buy Now Pay Later Market
9.4.4. Australia Buy Now Pay Later Market
9.4.5. South Korea Buy Now Pay Later Market
9.4.6. Rest of Asia Pacific Buy Now Pay Later Market
9.5. Latin America Buy Now Pay Later Market Snapshot
9.5.1. Brazil Buy Now Pay Later Market
9.5.2. Mexico Buy Now Pay Later Market
9.6. Rest of The World Buy Now Pay Later 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 Holdings 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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Data Collection:
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Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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