According to SPER Market Research, the Global Buy Now Pay Later Market is fueling the growth of the buy now pay later market. The expansion of the global e-commerce industry along with the economical and convenient payment services of the buy now pay later platform are the main reasons behind the growth of the global buy now pay later market. Rising demand for payment delays in online shopping and surge in spending on expensive products are expected to present lucrative growth opportunities for the market during the forecast period. The increasing number of e-commerce platforms, and rising services adoption across millennials in developed countries, have propelled the buy now pay later market growth.
Buy Now Pay Later Market Overview (2022-2032)
Forecast CAGR (2022-2032): 26.32%.
Forecast Market Size (2032): 51.83 billion.
Impact of COVID-19 on the Global Buy Now Pay Later Market:
In addition to the rising number of internet users and online service users, other important factors driving the market growth include the increased usage of e-prescriptions in healthcare services following the COVID-19 epidemic. In order to balance the demand for pharmaceuticals used in the treatment of both COVID-19 and other chronic diseases, CVS Health started using new tactics during COVID-19. Additionally, Amazon launched a generic and prescription drug online pharmacy in the United States. Prior to COVID-19, the majority of families were devoted users of the Buy Now Pay Later Market because they recognized the higher value of these reasonably priced and practical services. Nevertheless, an equal number of families with chronic and acute conditions were accepted because the purchase now pay later market proved to be indispensable during the lockdown.
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Buy Now Pay Later Market Key Segments Covered:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2030. This report contains statistics on product type segment growth estimates and forecasts.
- Point of Sale.
By Enterprise Size:
- Large Enterprises.
- Small & Medium Enterprises.
By End User:
- Consumer Electronics.
- Fashion & Garment.
- Leisure Entertainment
- North America
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Buy Now Pay Later Market Key Players:
The Global Buy Now Pay Later Market Size study provides market data by the competitive landscape, revenue analysis, market segments, and detailed analysis of key market players such as; Affirm Holdings Inc., After pay, Klarna Bank AB, Laybuy Group Holdings Limited, PayPal Holdings Inc., Payl8r (Social Money Ltd.), Perpay, Quadpay, Sezzle, Splitit.
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