Buy Now Pay Later Market Size is Surpassing 18.5% CAGR Growth by 2030 | MarkNtel Advisors

The Buy Now Pay Later Market: A Comprehensive Analysis
According to recent study by MarkNtel Advisors the Global Buy Now Pay Later Market valued at approximately USD 7.2 billion in 2022, is projected to witness a compound annual growth rate (CAGR) of around 18.5% between 2024-2030. Various factors, including market trends, size, forecasts, growth factors, challenges, and competitor assessments drive this growth.

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Buy Now Pay Later Market Segmentation Analysis: 2024-2030
The Buy Now Pay Later Market is segmented into:

By Sales Channel

Point of Sales
By Application

Clothing & Accessories
Media & Entertainment
Travel & Leisure
Consumer Electronics
By End User Age Group

18-34 years
35-54 years
Above 54 years
and each segment is further divided into subdivisions, providing a detailed breakdown of the market dynamics.

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Global Buy Now Pay Later Market Trend:
Growing Adoption of BNPL for Quick & Easy Transactions: The growing propensity of the young age population towards the adoption of digitalized services, owing to advantages such as attractive product offerings, quick & easy account settlements & transactions, have significantly increased the penetration of buy now pay later service providers across the globe. Moreover, an increase in the launch of gaming & smart devices has contributed to attracting millions of youngsters to opt for buy now pay later services as it enables easy access to electronic wallets for quick payments & easy repayments. These factors are conjointly supporting the revenue growth of buy now pay later service providers globally.

Geographical Coverage of Global Buy Now Pay Later Market

North America
South America
Middle East & Africa
North America has captured a significant market share in the Global Buy Now Pay Later Market.
Top Leading key Players of Global Buy Now Pay Later Market
Affirm Inc.
Laybuy Group Holdings Limited
PayPal Holding Inc.
Zip Co. Ltd.
Scalapay S.R.L.
Perpay Inc.
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We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, Saudi Arabia, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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