Global Buy Now Pay Later Application Market Size study & Forecast, by Channel, Enterprise Size and End User and Regional Analysis, 2022-2029

Description

List of Tables

Global Buy Now Pay Later Application Market is valued at approximately USD 4.86 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 26.10% over the forecast period 2022-2029. Buy Now, Pay Later (BNPL) refers to a short-term financing option that allows consumers to make purchases and pay for them with no interest over time. Consumers may find it convenient to use BNPL financing, but there are some potential drawbacks to consider. BNPL arrangements, also known as point-of-sale instalment loans, are a growing payment option, particularly for online shopping. The increasing adoption of BNPL services from merchants and growing digitalization as well as the rising popularity of e-commerce are key factors driving the market growth.

The increasing popularity of e-commerce is contributing towards the growth of the Global Buy Now Pay Later Application Market. For instance - as per Statista - in 2021, global retail e-commerce sales were estimated at USD 5.2 trillion, and this figure is forecast to grow by 56 per cent over the next years, to reach USD 8.1 trillion by 2026. Furthermore, the increasing adoption of BNPL services from merchants is another factor driving the market space. For instance- in December 2022, Worldline, a leader in global payments services, unveiled a new service to help address the travel industry's fast-rising need for "Buy Now Pay Later" (BNPL) payments. The joint offering will be made available through Worldline's existing TravelHub payment system in partnership between the company and travel payment provider Fly Now Pay Later. Also, growing cyber-attacks on mobile payment systems and an increasing number of partnerships & brand collaborations would create a lucrative growth prospectus for the market over the forecast period. For instance - in September 2021, BNPL solution provider Uplift, Inc. partnered with SeaWorld Parks & Entertainment, Inc., an American Theme Park, and entertainment company to jointly offer BNPL solutions to their customers. However, the high entry barrier due to high initial fund requirements hinder the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Buy Now Pay Later Application Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the presence of leading market players as well as the increasing adoption of online sales channels in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising collaboration between market players as well as growing adoption of commerce-commerce platforms in the region.

Major market players included in this report are:

Afterpay
PayPal Holdings, Inc.
Affirm, Inc.
Klarna Inc.
Splitit
Sezzle
Perpay Inc.
Openpay
Quadpay, Inc.
LatitudePay

Recent Developments in the Market:

In August 2022, LazyPay announced the expansion of its Pay-Later service in partnership with Dukaan, an easy-to-use app that enables retailers to create online stores. Under this partnership, the company would offer BNPL solutions to small sellers and entrepreneurs across various categories.

Global Buy Now Pay Later Application Market Report Scope:

Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Channel, Enterprise Size, End User, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

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 years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential 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 Enterprises
Small & Medium Enterprise

By End User

Fashion & Garment Industry
Consumer Electronics
Cosmetic Industry
Healthcare
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Buy Now Pay Later Application Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Buy Now Pay Later Application Market, by Channel, 2019-2029 (USD Billion)
- 1.2.3. Buy Now Pay Later Application Market, by Enterprise Size, 2019-2029 (USD Billion)
- 1.2.4. Buy Now Pay Later Application Market, by End User, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Buy Now Pay Later Application 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 Application Market Dynamics

3.1. Buy Now Pay Later Application Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing adoption of BNPL services from merchants
  - 3.1.1.2. Growing digitalization
  - 3.1.1.3. Rising popularity of ecommerce
- 3.1.2. Market Challenges
  - 3.1.2.1. High entry barrier due to high initial fund requirement
- 3.1.3. Market Opportunities
  - 3.1.3.1. Growing cyber-attacks on mobile payment systems
  - 3.1.3.2. Increasing number of partnerships & brand collaborations

Chapter 4. Global Buy Now Pay Later Application 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
4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Risk Assessment: COVID-19 Impact

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

Chapter 6. Global Buy Now Pay Later Application Market, by Channel

6.1. Market Snapshot
6.2. Global Buy Now Pay Later Application Market by Channel, Performance - Potential Analysis
6.3. Global Buy Now Pay Later Application Market Estimates & Forecasts by Channel 2019-2029 (USD Billion)
6.4. Buy Now Pay Later Application Market, Sub Segment Analysis
- 6.4.1. Online
- 6.4.2. POS

Chapter 7. Global Buy Now Pay Later Application Market, by Enterprise Size

7.1. Market Snapshot
7.2. Global Buy Now Pay Later Application Market by Enterprise Size, Performance - Potential Analysis
7.3. Global Buy Now Pay Later Application Market Estimates & Forecasts by Enterprise Size 2019-2029 (USD Billion)
7.4. Buy Now Pay Later Application Market, Sub Segment Analysis
- 7.4.1. Large Enterprises
- 7.4.2. Small & Medium Enterprises

Chapter 8. Global Buy Now Pay Later Application Market, by End User

8.1. Market Snapshot
8.2. Global Buy Now Pay Later Application Market by End User, Performance - Potential Analysis
8.3. Global Buy Now Pay Later Application Market Estimates & Forecasts by End User 2019-2029 (USD Billion)
8.4. Buy Now Pay Later Application Market, Sub Segment Analysis
- 8.4.1. Fashion & Garment Industry
- 8.4.2. Consumer Electronics
- 8.4.3. Cosmetic Industry
- 8.4.4. Healthcare
- 8.4.5. Others

Chapter 9. Global Buy Now Pay Later Application Market, Regional Analysis

9.1. Buy Now Pay Later Application Market, Regional Market Snapshot
9.2. North America Buy Now Pay Later Application Market
- 9.2.1. U.S. Buy Now Pay Later Application Market
  - 9.2.1.1. Channel breakdown estimates & forecasts, 2019-2029
  - 9.2.1.2. Enterprise Size breakdown estimates & forecasts, 2019-2029
  - 9.2.1.3. End User breakdown estimates & forecasts, 2019-2029
- 9.2.2. Canada Buy Now Pay Later Application Market
9.3. Europe Buy Now Pay Later Application Market Snapshot
- 9.3.1. U.K. Buy Now Pay Later Application Market
- 9.3.2. Germany Buy Now Pay Later Application Market
- 9.3.3. France Buy Now Pay Later Application Market
- 9.3.4. Spain Buy Now Pay Later Application Market
- 9.3.5. Italy Buy Now Pay Later Application Market
- 9.3.6. Rest of Europe Buy Now Pay Later Application Market
9.4. Asia-Pacific Buy Now Pay Later Application Market Snapshot
- 9.4.1. China Buy Now Pay Later Application Market
- 9.4.2. India Buy Now Pay Later Application Market
- 9.4.3. Japan Buy Now Pay Later Application Market
- 9.4.4. Australia Buy Now Pay Later Application Market
- 9.4.5. South Korea Buy Now Pay Later Application Market
- 9.4.6. Rest of Asia Pacific Buy Now Pay Later Application Market
9.5. Latin America Buy Now Pay Later Application Market Snapshot
- 9.5.1. Brazil Buy Now Pay Later Application Market
- 9.5.2. Mexico Buy Now Pay Later Application Market
- 9.5.3. Rest of Latin America Buy Now Pay Later Application Market
9.6. Rest of The World Buy Now Pay Later Application 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, 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 Application Market, report scope
TABLE 2. Global Buy Now Pay Later Application Market estimates & forecasts by Region 2019-2029 (USD Billion)
TABLE 3. Global Buy Now Pay Later Application Market estimates & forecasts by Channel 2019-2029 (USD Billion)
TABLE 4. Global Buy Now Pay Later Application Market estimates & forecasts by Enterprise Size 2019-2029 (USD Billion)
TABLE 5. Global Buy Now Pay Later Application Market estimates & forecasts by End User 2019-2029 (USD Billion)
TABLE 6. Global Buy Now Pay Later Application Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 7. Global Buy Now Pay Later Application Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 8. Global Buy Now Pay Later Application Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 9. Global Buy Now Pay Later Application Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 10. Global Buy Now Pay Later Application Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 11. Global Buy Now Pay Later Application Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 12. Global Buy Now Pay Later Application Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 13. Global Buy Now Pay Later Application Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 14. Global Buy Now Pay Later Application Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 15. Global Buy Now Pay Later Application Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 16. U.S. Buy Now Pay Later Application Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 17. U.S. Buy Now Pay Later Application Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 18. U.S. Buy Now Pay Later Application Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 19. Canada Buy Now Pay Later Application Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 20. Canada Buy Now Pay Later Application Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 21. Canada Buy Now Pay Later Application Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 22. UK Buy Now Pay Later Application Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 23. UK Buy Now Pay Later Application Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 24. UK Buy Now Pay Later Application Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 25. Germany Buy Now Pay Later Application Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 26. Germany Buy Now Pay Later Application Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 27. Germany Buy Now Pay Later Application Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 28. France Buy Now Pay Later Application Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 29. France Buy Now Pay Later Application Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 30. France Buy Now Pay Later Application Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 31. Italy Buy Now Pay Later Application Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 32. Italy Buy Now Pay Later Application Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 33. Italy Buy Now Pay Later Application Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 34. Spain Buy Now Pay Later Application Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 35. Spain Buy Now Pay Later Application Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 36. Spain Buy Now Pay Later Application Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 37. RoE Buy Now Pay Later Application Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 38. RoE Buy Now Pay Later Application Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 39. RoE Buy Now Pay Later Application Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 40. China Buy Now Pay Later Application Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 41. China Buy Now Pay Later Application Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 42. China Buy Now Pay Later Application Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 43. India Buy Now Pay Later Application Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 44. India Buy Now Pay Later Application Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 45. India Buy Now Pay Later Application Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 46. Japan Buy Now Pay Later Application Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 47. Japan Buy Now Pay Later Application Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 48. Japan Buy Now Pay Later Application Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 49. South Korea Buy Now Pay Later Application Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 50. South Korea Buy Now Pay Later Application Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 51. South Korea Buy Now Pay Later Application Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 52. Australia Buy Now Pay Later Application Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 53. Australia Buy Now Pay Later Application Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 54. Australia Buy Now Pay Later Application Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 55. RoAPAC Buy Now Pay Later Application Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 56. RoAPAC Buy Now Pay Later Application Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 57. RoAPAC Buy Now Pay Later Application Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 58. Brazil Buy Now Pay Later Application Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 59. Brazil Buy Now Pay Later Application Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 60. Brazil Buy Now Pay Later Application Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 61. Mexico Buy Now Pay Later Application Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 62. Mexico Buy Now Pay Later Application Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 63. Mexico Buy Now Pay Later Application Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 64. RoLA Buy Now Pay Later Application Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 65. RoLA Buy Now Pay Later Application Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 66. RoLA Buy Now Pay Later Application Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 67. Row Buy Now Pay Later Application Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 68. Row Buy Now Pay Later Application Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 69. Row Buy Now Pay Later Application Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Buy Now Pay Later Application Market
TABLE 71. List of primary sources, used in the study of global Buy Now Pay Later Application Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

List of figures

FIG 1. Global Buy Now Pay Later Application Market, research methodology
FIG 2. Global Buy Now Pay Later Application Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Buy Now Pay Later Application Market, key trends 2021
FIG 5. Global Buy Now Pay Later Application Market, growth prospects 2022-2029
FIG 6. Global Buy Now Pay Later Application Market, porters 5 force model
FIG 7. Global Buy Now Pay Later Application Market, pest analysis
FIG 8. Global Buy Now Pay Later Application Market, value chain analysis
FIG 9. Global Buy Now Pay Later Application Market by segment, 2019 & 2029 (USD Billion)
FIG 10. Global Buy Now Pay Later Application Market by segment, 2019 & 2029 (USD Billion)
FIG 11. Global Buy Now Pay Later Application Market by segment, 2019 & 2029 (USD Billion)
FIG 12. Global Buy Now Pay Later Application Market by segment, 2019 & 2029 (USD Billion)
FIG 13. Global Buy Now Pay Later Application Market by segment, 2019 & 2029 (USD Billion)
FIG 14. Global Buy Now Pay Later Application Market, regional snapshot 2019 & 2029
FIG 15. North America Buy Now Pay Later Application Market 2019 & 2029 (USD Billion)
FIG 16. Europe Buy Now Pay Later Application Market 2019 & 2029 (USD Billion)
FIG 17. Asia pacific Buy Now Pay Later Application Market 2019 & 2029 (USD Billion)
FIG 18. Latin America Buy Now Pay Later Application Market 2019 & 2029 (USD Billion)
FIG 19. Global Buy Now Pay Later Application Market, company Market share analysis (2021)