The
benefits facilitated by the buy now pay later platforms are driving this
market. These platforms do not charge any interest for a stipulated time period
and thereafter it starts charging interest which is an attractive offer for the
consumers to finance purchases. The benefits associated with the utilization of
buy now pay later platforms are propelling the growth of this market.
Increasing penetration of smartphone and internet is augmenting the growth of
this market. Skyrocketing debt amount and high penalty fees for late payment is
impeding the growth of this market. But, Internet Penetration, rising disposable
income in the developing and underdeveloped economies are likely to expand the
market for buy now pay later platforms.
The
global Buy Now Pay Later Platforms market size is projected to reach US$ 30922.45
million by 2028, from US$ 7319.6 million in 2020, at a CAGR of 22.0% during
2021-2028.
In
terms of production side, this report researches the Buy Now Pay Later
Platforms production capacity, value, ex-factory price, growth rate, market
share by manufacturers, regions (or countries) and by Type.
In
terms of consumption side, this report focuses on the consumption of Buy Now
Pay Later Platforms by regions (countries) and by Application.
The
global Buy Now Pay Later Platforms market is thoroughly, accurately, and
comprehensively assessed in the report with a large focus on market dynamics,
market competition, regional growth, segmental analysis, and key growth
strategies. Buyers of the report will have access to verified market figures,
including global market size in terms of revenue and volume. As part of
production analysis, the authors of the report have provided reliable
estimations and calculations for global revenue and volume by Type segment of
the global Buy Now Pay Later Platforms market. These figures have been provided
in terms of both revenue and volume for the period 2016-2028. Additionally, the
report provides accurate figures for production by region in terms of revenue
as well as volume for the same period. The report also includes production
capacity statistics for the same period.
Geographic Segmentation
The
report offers exhaustive assessment of different region-wise Buy Now Pay Later
Platforms markets such as North America, Europe, China and Japan, etc. Key
regions covered in the report are U.S., Canada, Germany, France, U.K., Italy,
Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia,
Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia,
U.A.E
For
the period 2016-2028, the report provides country-wise revenue and volume sales
analysis and region-wise revenue and volume analysis of the global Buy Now Pay
Later Platforms market. For the period 2020-2028, it provides sales
(consumption) analysis and forecast of different regional markets by each
application as well as type segment in terms of volume.
Manufacturers
The
report includes comprehensive company profiling of leading and emerging
companies competing in the global Buy Now Pay Later Platforms market. It
provides a detailed list of players operating at a global level. The players
have been listed according to the type of products they offer in the global Buy
Now Pay Later Platforms market and other factors. As part of the company
profiling, the analysts authoring the report has provided the market entry year
of each player considered for the research study. The report also offers
extensive price, volume sales, and revenue analysis by the manufacturer at the
global level for the period 2016-2028.
By Type and Application
Segments
The
report includes a detailed analysis of leading and type and application
segments of the global Buy Now Pay Later Platforms market. All of the segments
covered in the report are broadly analyzed based on some deciding factors. The
segmental analysis section of the report offers revenue sales analysis and
forecast of the global Buy Now Pay Later Platforms market by each type segment
for the period 2016-2028. It also offers volume sales (consumption) analysis
and forecast of the global Buy Now Pay Later Platforms market by each type
segment for the same period. Also, it provides volume sales (consumption)
analysis and forecast of the global Buy Now Pay Later Platforms market by each
application segment for the same period.
This report includes the
following manufacturers:
Afterpay
Zippay
VISA
Sezzle
Affirm
Paypal
Openpay
Humm
Klarna
Splitit
Market
Segment by End Use Industry
Fashion
& Garment Industry
Consumer
Electronics
Cosmetics
Industry
Healthcare
Others
Market
Segment by Enterprise Size
SME
Large
Enterprises
Research Methodology
To
compile the detailed study of the global Buy Now Pay Later Platforms market, a
robust research methodology has been adopted that aids in determining the key
insights and also evaluates the growth prospects of the Buy Now Pay Later
Platforms market. Data Insights Partner Research analysts have conducted
in-depth primary and secondary research to obtain crucial insights into the Buy
Now Pay Later Platforms market. To carry out secondary research, the analysts
have collected the information through company annual reports, journals,
company press releases, and paid databases that were referred to gain and
identify better opportunities in the global market.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Buy Now Pay
Later Platforms market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020-2028, taking into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, competitive market strategies of leading market players,
emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Buy Now Pay Later Platforms market is done by taking into account various parameters such
as company strategies, distribution strategies, product portfolio, financial
performance, key developments, geographical presence, and company overview
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of Type of models, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Buy Now Pay Later Platforms caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Buy
Now Pay Later Platforms market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Buy Now Pay Later Platforms market
v
Identification
of key factors driving investment opportunities in the Buy Now Pay
Later Platforms market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants