Buy Now Pay Later Platforms Market Increasing at A Phenomenal Pace to Reach USD 147.65 Billion by 2032

Some of the key players operating in the buy now pay later platforms market are are Affirm, Afterpay, Alma, Amazon, Apple Pay, Blik, Clearbanc, Divido, Google Pay, Greensky, Klarna, Mastercard, Openpay, PayBright, PayPal, QuadPay, Revo, Splitit, Stripe, Twisto, Tymit, ViaBill, Visa and Zilch among others.These players are set to bolster the development of global buy now pay later platforms market.

According to analysts at Zion Market Research, The global Buy Now Pay Later Platforms market accounted for USD 18.31 Billion in 2023 and is expected to reach USD 147.65 Billion by 2032, growing at a CAGR of 26.1% from 2024 to 2032. 

This review is based on a report by Zion Market Research, titled “Buy Now Pay Later Platforms Market by End Use Industry (Fashion & Garment Industry, Consumer Electronics, Cosmetic Industry, Healthcare, and Others), by Enterprise Size (SMEs and Large Enterprises): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024-2032.”

The Global pandemic and lockdown situation to Spur Market Growth

Increase in downfall of economies and purchasing power of buyers are estimated to be the key driving factors for buy now pay later market in years to come. Furthermore, rising demand for improved deferred payments system, government investments especially in the U.S. and U.K. in emerging technologies to enhance public safety infrastructure, shift from traditional to online modes are the key driving factors predicted to flourish the growth of buy now pay later platforms market in the forecast period. Partnership of buy now pay later platforms with major E-commerce sites and apps across the globe will contribute the growth of market massively. However, bandwidth and high late fee issues are expected to restrict the buy now pay later platforms market growth.  Even so, growing inclination towards benefits offered like easy access, option for emergency purchases, Potential to pay no interest if payments met on time, Lowering and removing shoppers buying hesitations etc is estimated to open new alluring opportunities for buy now pay later platforms market in the near future.

Presence of Big Players in The Region Support North American Dominance

With the largest share, North America was a leading regional market for Buy Now Pay Later Market in 2020 followed by Europe. The growth of this region is mainly attributed to increasing demand for deferred payments and convenient shopping. U.S. and Western Europe will be opportunist region for buy now pay later market owing to government support and large preference among consumers. Asia Pacific is expected to grow with the highest CADR during the analysis period. Latin America is expected to witness substantial growth owing to rising demand for later date shopping.

Browse the full “Buy Now Pay Later Platforms Market By End Use Industry (Fashion & Garment Industry, Consumer Electronics, Cosmetic Industry, Healthcare, And Others), By Enterprise Size (SMEs And Large Enterprises): Global Industry Perspective, Comprehensive Analysis And Forecast, 2024-2032.” Report at https://www.zionmarketresearch.com/report/buy-now-pay-later-platforms-market

The global automated sortation system market is segmented as follows:

By End Use Industry

• Fashion & Garment Industry
• Consumer Electronics
• Cosmetic Industry
• Healthcare
• Others

By Enterprise Size

• SMEs
• Large Enterprises

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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