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

Description

List of Tables

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:

Afterpay

PayPal Holdings, Inc.

Affirm Holdings Inc.

Klarna, Inc.

Splitit

Sezzle

Perpay, Inc.

Openpay

Quadpay, Inc.

LatitudePay

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:

Online

POS

By Enterprise Size:

Large

SME

By End use:

Consumer Electronics

Fashion & Garment

Healthcare

Leisure & Entertainment

Retail

Others

By Region:

North America

U.S.

Canada

Europe

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

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

Investors

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
  - 3.1.1.1. Notable increase in internet penetration globally
  - 3.1.1.2. Affordable and convenient Payment Service of Buy now Pay Later Platforms
- 3.1.2. Market Challenges
  - 3.1.2.1. High late fees charged by BNPL service providers
  - 3.1.2.2. Charges placed by credit providers and banks that offer BNPL services
- 3.1.3. Market Opportunities
  - 3.1.3.1. 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
  - 9.2.1.1. Channel breakdown estimates & forecasts, 2018-2028
  - 9.2.1.2. Enterprise Size breakdown estimates & forecasts, 2018-2028
  - 9.2.1.3. 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
  - 10.2.1.1. Key Information
  - 10.2.1.2. Overview
  - 10.2.1.3. Financial (Subject to Data Availability)
  - 10.2.1.4. Product Summary
  - 10.2.1.5. 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

LIST OF TABLES

TABLE 1. Global Buy Now Pay Later Market, report scope
TABLE 2. Global Buy Now Pay Later Market estimates & forecasts by Region 2018-2028 (USD Billion)
TABLE 3. Global Buy Now Pay Later Market estimates & forecasts by Channel 2018-2028 (USD Billion)
TABLE 4. Global Buy Now Pay Later Market estimates & forecasts by Enterprise Size 2018-2028 (USD Billion)
TABLE 5. Global Buy Now Pay Later Market estimates & forecasts by End-use 2018-2028 (USD Billion)
TABLE 6. Global Buy Now Pay Later Market by segment, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 7. Global Buy Now Pay Later Market by region, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 8. Global Buy Now Pay Later Market by segment, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 9. Global Buy Now Pay Later Market by region, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 10. Global Buy Now Pay Later Market by segment, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 11. Global Buy Now Pay Later Market by region, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 12. Global Buy Now Pay Later Market by segment, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 13. Global Buy Now Pay Later Market by region, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 14. Global Buy Now Pay Later Market by segment, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 15. Global Buy Now Pay Later Market by region, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 16. U.S. Buy Now Pay Later Market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 17. U.S. Buy Now Pay Later Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 18. U.S. Buy Now Pay Later Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 19. Canada Buy Now Pay Later Market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 20. Canada Buy Now Pay Later Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 21. Canada Buy Now Pay Later Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 22. UK Buy Now Pay Later Market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 23. UK Buy Now Pay Later Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 24. UK Buy Now Pay Later Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 25. Germany Buy Now Pay Later Market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 26. Germany Buy Now Pay Later Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 27. Germany Buy Now Pay Later Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 28. RoE Buy Now Pay Later Market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 29. RoE Buy Now Pay Later Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 30. RoE Buy Now Pay Later Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 31. China Buy Now Pay Later Market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 32. China Buy Now Pay Later Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 33. China Buy Now Pay Later Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 34. India Buy Now Pay Later Market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 35. India Buy Now Pay Later Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 36. India Buy Now Pay Later Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 37. Japan Buy Now Pay Later Market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 38. Japan Buy Now Pay Later Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 39. Japan Buy Now Pay Later Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 40. RoAPAC Buy Now Pay Later Market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 41. RoAPAC Buy Now Pay Later Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 42. RoAPAC Buy Now Pay Later Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 43. Brazil Buy Now Pay Later Market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 44. Brazil Buy Now Pay Later Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 45. Brazil Buy Now Pay Later Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 46. Mexico Buy Now Pay Later Market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 47. Mexico Buy Now Pay Later Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 48. Mexico Buy Now Pay Later Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 49. RoLA Buy Now Pay Later Market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 50. RoLA Buy Now Pay Later Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 51. RoLA Buy Now Pay Later Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 52. Row Buy Now Pay Later Market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 53. Row Buy Now Pay Later Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 54. Row Buy Now Pay Later Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 55. List of secondary sources, used in the study of global Buy Now Pay Later Market
TABLE 56. List of primary sources, used in the study of global Buy Now Pay Later Market
TABLE 57. Years considered for the study
TABLE 58. Exchange rates considered

LIST OF FIGURES

List of figures

FIG 1. Global Buy Now Pay Later Market, research methodology
FIG 2. Global Buy Now Pay Later Market, market estimation techniques
FIG 3. Global market size estimates & forecast methods
FIG 4. Global Buy Now Pay Later Market, key trends 2021
FIG 5. Global Buy Now Pay Later Market, growth prospects 2022-2028
FIG 6. Global Buy Now Pay Later Market, porters 5 force model
FIG 7. Global Buy Now Pay Later Market, pest analysis
FIG 8. Global Buy Now Pay Later Market, value chain analysis
FIG 9. Global Buy Now Pay Later Market by segment, 2018 & 2028 (USD Billion)
FIG 10. Global Buy Now Pay Later Market by segment, 2018 & 2028 (USD Billion)
FIG 11. Global Buy Now Pay Later Market by segment, 2018 & 2028 (USD Billion)
FIG 12. Global Buy Now Pay Later Market by segment, 2018 & 2028 (USD Billion)
FIG 13. Global Buy Now Pay Later Market by segment, 2018 & 2028 (USD Billion)
FIG 14. Global Buy Now Pay Later Market, regional snapshot 2018 & 2028
FIG 15. North America Buy Now Pay Later Market 2018 & 2028 (USD Billion)
FIG 16. Europe Buy Now Pay Later Market 2018 & 2028 (USD Billion)
FIG 17. Asia pacific Buy Now Pay Later Market 2018 & 2028 (USD Billion)
FIG 18. Latin America Buy Now Pay Later Market 2018 & 2028 (USD Billion)
FIG 19. Global Buy Now Pay Later Market, company market share analysis (2021)