Buy Now Pay Later Platforms Market

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BUY NOW PAY LATER PLATFORMS MARKET
ANALYSIS

• Buy Now Pay Later Platforms Market Report, By
  End-use Industry (Fashion Garment Industry,
  Consumer Electronics, Cosmetic Industry,
  Healthcare, and Others), By Enterprise Size (SMEs
  and Large Enterprises), and by Region (North
  America, Europe, Asia Pacific, Latin America, and
  Middle East and Africa) - Size, Share, Outlook,
  and Opportunity Analysis, 2020 - 2027

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• Market Dynamics Drivers
• The global buy now pay later platforms market is
  expected to witness significant growth during the
  forecast period (20202027). The growth of the
  buy now pay later platforms market is majorly
  attributed to wide number of benefits offered by
  the buy now pay later platforms to its users. The
  registration of the buy now pay platforms is very
  easy. Once the online account on BNPL platforms
  is created, the user gets instantaneous approval
  for bills for a defined amount.

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Figure 1. Global Buy Now Pay Later Platforms
Market Share (), By Region, 2019
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• Market Dynamics Restraints
• North America held dominant position in the
  global buy now pay later platforms market in 2019
  and is projected to retain its dominance
  throughout the forecast period, owing to
  increased number of internet users.

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• Market Opportunities
• Among end-use industry, the fashion garment
  industry segment is expected to hold dominant
  position in the global buy now pay later
  platforms market during the forecast period. This
  is owing to the partnerships done by BNPL
  platforms with the fashion and apparels brands.
  For instance, Afterpay was launched in May 2014,
  since then it has partnered with various fashion
  brands such as Ray-Ban, ALLY shoes, NEU Nomads,
  STIO, KINFLYTE, and others. The retail and online
  stores of mentioned brands accept After pay as
  bill payment method..

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Figure 2. Global Buy Now Pay Later Platforms
Market Value (US MN), 2017 - 2027
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• Buy Now Pay Later
• The global buy now pay later platforms market was
  valued at US 7,320.6 MN in 2019 and is expected
  to reach US 33,638.3 Mn by 2027 at a CAGR of
  21.2 between 2020 and 2027.

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