At a CAGR of 9.8% | Buy Now Pay Later Market Shows Outstanding Growth by 2030- Payl8r, Perpay, Quadpay, Sezzle

At a CAGR of 9.8% | Buy Now Pay Later Market Shows Outstanding Growth by 2030

NEW CASTLE, DELAWARE, UNITED STATES, May 6, 2024 /EINPresswire.com/ -- Allied Market Research published a report, titled, "Buy Now Pay Later Market By Channel (Online and POS), Application (Retail Goods, Media & Entertainment, Healthcare & Wellness, Automotive, Home Improvement and Others), and End User (Generation X, Generation Z/Millennials and Baby Boomers): Global Opportunity Analysis and Industry Forecast, 2021-2030". According to the report, the global buy now pay later industry generated at $90.69 billion in 2020, and is expected to generate $3.98 trillion by 2030, witnessing a CAGR of 45.7% from 2021 to 2030.

The main purpose of buy now pay later is to eliminate the need to make payment for items at the buying time. In addition, numerous benefits provided by buy now pay later include, high security, hassle free transaction, faster transaction processing speed and others. Furthermore, rise in penetration of online payment across the globe and growth in the e-commerce industry in emerging countries are the major factors driving the buy now pay later market growth.

🔸𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 & 𝐓𝐎𝐂 : https://www.alliedmarketresearch.com/request-sample/12893

Drivers, Restraints and Opportunities

The global buy now pay later market is driven by surge in e-commerce industry growth along with the convenience and economical affordability of buy now pay later payment services. On the other hand, excessive delayed and returned payment charges limit the market to some extent. Moreover, a rise in demand for delayed payments during online purchases and an increase in expenditure on luxury items is anticipated to pave the way for multiple opportunities in the industry.

The Media & Entertainment Segment to Manifest Highest CAGR During the Forecast Period

Based on application, the media & entertainment segment is expected to grow at a highest CAGR of 50.1% during the forecast period. However, the retail goods segment dominated market in 2020, contributing for more than two-fifths of the total market share. Moreover, the retail goods segment anticipated to dominate the global buy now pay later market from 2021 to 2030.

The PoS Segment to Witness the Highest CAGR Through 2030

Based on channel, the PoS segment would show a highest CAGR of 49.0% during the forecast period. However, the online segment held the major market share in 2020, accounting for more than four-fifths of the global buy now pay later market, and is projected to led the market from 2021 to 2030.

🔸𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/12893

Asia-Pacific Region to Maintain the Dominant Share

Based on region, the Asia-Pacific dominated the market share in terms of revenue in 2020, accounting for nearly half global buy now pay later market. Moreover, this region is expected to register the fastest CAGR of 47.8% from 2021 to 2030 and to dominate the market share by 2030.

Key Players in the Industry

Payl8r (Social Money Ltd.)
Afterpay
Laybuy Group Holdings Limited
Quadpay
Klarna Bank AB
PayPal Holdings Inc.
Perpay
Sezzle
Affirm Holdings Inc.
Splitit

🔸𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐖𝐞 𝐩𝐫𝐨𝐯𝐢𝐝𝐞 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐬 𝐩𝐞𝐫 𝐲𝐨𝐮𝐫 𝐫𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭 : https://www.alliedmarketresearch.com/request-for-customization/12893

Key Benefits For Stakeholders     

The study provides an in-depth analysis of global buy now pay later market forecast along with the current trends and future estimations to elucidate the imminent investment pockets.
Information about key drivers, restraints, and opportunities and their impact analysis on global buy now pay later market share is provided in the report.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
The quantitative analysis of the buy now pay later market size from 2021 to 2030 is provided to determine the market potential.

Buy Now Pay Later Market Key Segments

By Channel

Online Channel
POS Channel

By Application

Retail Goods
Media & Entertainment
Healthcare & Wellness
Automotive
Home Improvement
Others

By End User

Generation X
Generation Z/Millennials
Baby Boomers

By Region

North America (U.S., Canada, Mexico)
Europe (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
Asia-Pacific (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
LAMEA (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)

Key Benefits For Stakeholders

The study provides an in-depth analysis of global buy now pay later market forecast along with the current trends and future estimations to elucidate the imminent investment pockets.
Information about key drivers, restraints, and opportunities and their impact analysis on global buy now pay later market share is provided in the report.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
The quantitative analysis of the buy now pay later market size from 2021 to 2030 is provided to determine the market potential.

🔸𝐓𝐨𝐩 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:
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Private Banking Market https://www.alliedmarketresearch.com/private-banking-market-A14753
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