IMARC Group has recently released a new research study “Direct Carrier Billing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
What Are The Growth Prospects Of The Direct Carrier Billing Industry?
The global direct carrier billing market size reached US$ 286.0 Million in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 716.5 Million by 2028, exhibiting a growth rate (CAGR) of 16% during 2023-2028.
What Is The Direct Carrier Billing?
Direct carrier billing platform (DCB), alternatively referred to as direct operator billing, represents online payment methods that allow users to make purchases using their mobile phones. Some of the common types include limited DCB, pure DCB, mobile station international subscriber directory number (MSISDN) forwarding, etc.
These direct carrier billing platform variants are extremely safe for buying digital services or products from third-party vendors without utilizing any confidential banking details. They offer hassle-free payments instantly from compliant merchants who add transaction charges to the user's mobile phone bills. Direct carrier billing platform models are more beneficial as compared to card payments in offering a seamless user experience, improved transaction security, enhanced conversion rates, greater financial inclusion, etc. Consequently, they find widespread applications across various sectors, including banking, e-commerce, media and entertainment, etc.
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What Are The Key Factors Driving In The Direct Carrier Billing Market:
The emerging trend of digitalization in the BFSI industry and the increasing penetration of mobile-based payment solutions are primarily driving the direct carrier billing platform market. Additionally, the escalating adoption of smart TVs among consumers having a prepaid account or subscription with a mobile operator service is acting as another significant growth-inducing factor. Besides this, the rising number of startups and small businesses that depend upon DCB platforms for greater payment coverage and higher financial accessibility are also positively influencing the global market.
Moreover, the expanding popularity of over-the-top (OTT) streaming media services, such as Spotify, Netflix, Amazon Prime Video, Hulu, etc., that accept DCB platforms for payments and the inflating purchase of mobile gaming and in-app games via direct carrier e-billing platforms are further stimulating the market growth. Apart from this, the shifting consumer preferences toward the 'pay-as-you-go' model and the elevating focus among businesses on ensuring financial security in online transactions are expected to propel the direct carrier billing platform market over the forecasted period.
Who Are The Key Players/Companies In The Global Direct Carrier Billing Market?
Bango plc, Boku Inc., Centili Limited, DIMOCO Payments, Mobiyo, NTH Mobile d.o.o., NTT Docomo Inc. (Nippon Telegraph and Telephone Corporation), Singapore Telecommunications Limited, Telecoming S.A. and Telenity Incorporated.
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Component:
- Hardware
- Software
- Services
Breakup by Type:
- Limited DCB
- Pure DCB
- MSISDN Forwarding
- PIN or MO Base Window
- Others
Breakup by Platform:
- Windows
- Android
- iOS
Breakup by Content:
- Applications and Games
- Video and Audio Contents
- Others
By Geography:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
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OverviewThe Direct Carrier Billing Market is projected to grow at a high CAGR during the forecast period.
As per the direct carrier billing market research report, the global market for direct carrier billing is anticipated to grow rapidly.
As per analysts, increasing number of mobile subscribers along with globalized solutions will drive the market growth throughout the forecast period.
The unfavorable taxation as well as strict government policy are the factors which could affect the direct carrier billing market growth during the forecast period.
The direct carrier billing market research report by expert analysts is intended to help companies in the direct carrier billing market.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/6169Market SegmentationThe global direct carrier billing market has been segmented based on type, component, authentication type, platform, and feature.
The direct carrier billing market research report offers crucial details about the direct carrier billing market based on the data and forecasts till 2023.Regional OverviewNorth America, Europe, Asia Pacific and the rest of the world regional market for direct carrier billing are primarily covered in the global direct carrier billing market research report.
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