Direct Carrier Billing Platform Market Key Insights 2024-2033: Growth Rate, Trends And Opportunities
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The direct carrier billing platform market size has grown rapidly in recent years. It will grow from $30.82 billion in 2023 to $34.98 billion in 2024 at a compound annual growth rate (CAGR) of 13.5%. The growth in the historic period can be attributed to mobile penetration rates, digital content consumption, e-commerce transactions, regulatory support and compliance, and globalization of digital markets. The direct carrier billing platform market size is expected to see rapid growth in the next few years. It will grow to $58.57 billion in 2028 at a compound annual growth rate (CAGR) of 13.8%. The growth in the forecast period can be attributed to demand for frictionless payment experiences, advanced technologies, enhanced security measures, global expansion of DCB platforms, and a rise in mobile commerce. Major trends in the forecast period include innovation in payment technologies, personalized user experience, collaboration with telcos, and enhanced security measures.
The increase in over-the-top (OTT) media is expected to propel the growth of the direct carrier billing platform market going forward. Over-the-top (OTT) media denotes the distribution of video, audio, and additional media content via the Internet directly to consumers without reliance on conventional distribution channels such as cable or satellite television services. The rising desire for an improved viewing experience with over-the-top (OTT) content is fueled by the diverse selection of content available, including movies, TV series, documentaries, and original programming, catering to a broad spectrum of preferences. DCB serves as a payment option for OTT services, allowing users to easily subscribe to and enjoy high-quality content, such as movies and live streams, by charging the costs directly to their mobile phone bills. For instance, in August 2022, according to a Media Nations report by the Office of Communications (Ofcom), a UK-based government regulatory and competition authority, 67% of UK homes were using subscription video-on-demand (SVoD) services, such as Netflix and Disney+, by the second quarter of 2020, an increase from 60% of UK homes that had resorted to subscription video-on-demand (SVoD) services by the third quarter of 2020. Therefore, the rising demand for over-the-top (OTT) content is driving the growth of the direct carrier billing platform market.
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What Are The Key Trends That Influence Direct Carrier Billing Platform Share Analysis?
Major companies in the direct carrier billing platform market are exploring new use cases, such as integration with digital wallets, to enable mobile wallet top-ups and enhance market competitiveness. Integrating direct carrier billing (DCB) with mobile wallets improves financial accessibility for users without credit or debit cards. For example, in November 2021, Payguru, a Turkey-based financial software company, partnered with Iyzico to introduce a new direct carrier billing use case. This initiative allows Turkish consumers to top up the Pay with Iyzico mobile wallet using DCB, enhancing financial access for those without traditional banking services. It supports digital payments without bank accounts or cards, benefiting both consumers and merchants. The integration provides merchants with access to 87 payment channels and innovative services like tariff bundling and loyalty programs.
Which Market Players Are Driving Growth In The Direct Carrier Billing Platform Market?
Major companies operating in the direct carrier billing platform market are Orange S.A., Vodafone Group Plc, Telefonica Limited, Thales Group, Bharti Airtel Limited, Emirates Telecommunications Group Company PJSC (Etisalat), Telenor Group, Amdocs Limited, Indosat Ooredoo PT, Dialog Axiata PLC, Infobip Ltd., Boku Inc., The Telecoming Group SL, Netsize S.A., Paymentwall Inc., Fortumo OÜ, Bango Inc., Mondia Group, DIMOCO Europe GmbH, txtNation Limited, T-Pay Mobile FZ-LLC, DOCOMO Digital Ltd., Zong Inc., Mobivate Limited, Mobiyo
How Is The Global Direct Carrier Billing Platform Market Segmented?
1) By Type: Limited Direct Carrier Billing (DCB); Pure Direct Carrier Billing (DCB); Mobile Station International Subscriber Directory Number (MSISDN) Forwarding; Personal Identification Number (PIN) Or Mobile-Originated (MO) Base Window; Other Types
2) By Component: Hardware; Software; Services
3) By Payment Method: Credit Or Direct Card; Bank Transfer; eWallets; Other Payment Methods
4) By Platform: Android; Windows; iPhone Operating System (iOS); Other Platforms
5) By End User: Applications And Games; Video And Audio; Other End Users
Read The Full Direct Carrier Billing Platform Market Report Here
The Direct Carrier Billing Platform Global Market Report 2024 provides an overview of the direct carrier billing platformmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The direct carrier billing platform market forecast analyzes direct carrier billing platform market size, direct carrier billing platform market share, leading competitor and their market positions.
The Table Of Content For The Direct Carrier Billing Platform Market Include
1. Direct Carrier Billing Platform Market Executive Summary
2. Direct Carrier Billing Platform Market Segments
3. Direct Carrier Billing Platform Market Size And Template Market Growth Rate
4. Key Direct Carrier Billing Platform Market Trends
5. Major Direct Carrier Billing Platform Market Drivers
……
25. Key Mergers And Acquisitions In The Direct Carrier Billing Platform Market
26. Top Direct Carrier Billing Platform Companies
27. Direct Carrier Billing Platform Market Opportunities And Strategies
28. Direct Carrier Billing Platform Market, Conclusions And Recommendations
29. Appendix
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