Global Buy Now Pay Later Market 2022-2026

Global Buy Now Pay Later Market 2022-2026

Technavio has been monitoring the buy now pay later market and it is poised to grow by $ 41.83 bn during 2022-2026, accelerating at a CAGR of 29.36% during the forecast period. Our report on the buy now pay later market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing adoption of online payment method, increase in demand for delayed payments for online purchases, and rise in spending on luxury products among the adult population.

The buy now pay later market analysis includes the end-user segment and geographic landscape.

Technavio's buy now pay later market is segmented as below:

By End-user

• Large enterprise
• Small and medium enterprise

By Geographical Landscape

• North America
• Europe
• APAC
• South America
• Middle East and Africa

This study identifies the affordable and convenient payment service as one of the prime reasons driving the buy now pay later market growth during the next few years. Also, increase in adoption of BNPL payment technology among the youth and growth in the e-commerce industry will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on buy now pay later market covers the following areas:

• Buy now pay later market sizing
• Buy now pay later market forecast
• Buy now pay later market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading buy now pay later market vendors that include Affirm Inc., Afterpay US Services LLC, Amazon.com Inc., APaylater Financials Pte. Ltd., Grab Holdings Inc., Hoolah Holdings Pte Ltd., Klarna Bank AB, Laybuy Holdings Ltd., Monzo Bank Ltd., One97 Communications Ltd., Pace Now Enterprise Sdn Bhd, PayPal Holdings Inc., Perpay Inc., Revolut Ltd., Social Money Ltd., Visa Inc., Zip Co. Ltd., Rely Pte Ltd, Mastercard Inc., and Flipkart Internet Pvt Ltd. Also, the buy now pay later market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.