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Slade6alpha said:
Either Nintendo exclusive, or non-existent.

It's hard to be sure without knowing how much Nintendo invested in Bayonetta 2 or how many sales they hoped for, but these two seem like the most probable outcomes. If it sold enough for Nintendo to be happy with the investment then they'll likely want another. If it didn't then i doubt anyone else will be particularly interested in the IP either (especially while Nintendo holds the right to the 2nd game).

It will also depend on how Platinum's other projects work out. If something like Scalebound ends up doing very well they might decide their efforts are better spent on stuff like that.