The direct carrier billing global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Direct Carrier Billing Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The direct carrier billing market size has grown rapidly in recent years. It will grow from $46.13 billion in 2023 to $52.67 billion in 2024 at a compound annual growth rate (CAGR) of 14.2%. The growth in the historic period can be attributed to mobile phone penetration, digital content consumption, expanding e-commerce and m-commerce, the rise of subscription-based services, and the expansion of mobile gaming.
The direct carrier billing market size is expected to see rapid growth in the next few years. It will grow to $90.56 billion in 2028 at a compound annual growth rate (CAGR) of 14.5%. The growth in the forecast period can be attributed to the rise of digital subscriptions, focus on financial inclusion, growing preference for mobile-first experiences, enhanced user experience, and expansion into new verticals. Major trends in the forecast period include personalization and targeted marketing, contactless payments and NFC Integration, blockchain and cryptocurrency Integration, expansion into IoT and smart devices, and voice-activated payments.
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Scope Of Direct Carrier Billing Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
An increasing number of mobile phone users is expected to propel the growth of the direct carrier billing market going forward. Mobile phone users are individuals who utilize mobile devices to access telecommunications services, including voice calls, text messaging, internet browsing, and various mobile applications. The rising adoption of mobile phones is due to advancements in affordable smartphone technology and increasing internet penetration in emerging markets. Direct carrier billing simplifies in-app purchases on mobile phones by allowing users to charge transactions directly to the phone bill or prepaid balance, streamlining payment processes and enhancing accessibility. For instance, in February 2024, according to Uswitch Limited, a UK-based website, there were 71.8 million mobile connections in the UK in 2022, an increase of 3.8% from 2021. Therefore, an increasing number of mobile phone users is driving the growth of the direct carrier billing market.
Market Trends –
Major companies operating in the direct carrier billing market are focusing on developing innovative products, such as direct carrier billing for mobile games, to gain a competitive edge in the market. Direct carrier billing for mobile games is a payment method that allows users to make purchases within mobile gaming apps and charge the cost directly to their mobile phone bill or deduct it from their prepaid balance. For instance, in January 2024, TPay, a UAE-based developer of mobile payments platforms, launched direct carrier billing for PUBG Mobile in Egypt in collaboration with Tencent Holdings Ltd., a China-based technology company, to conveniently purchase in-game currency. This method eliminates the need for credit cards or other traditional payment methods and enables immediate access to the service with just one click. It is accessible to users with a mobile subscription or prepaid plan.
The direct carrier billing market covered in this report is segmented –
1) By Type: Limited Direct Carrier Billing (DCB), Pure Direct Carrier Billing (DCB), MSISDN Forwarding, Other Types
2) By Authentication type: Single Factor Authentication, Two Factor Authentication
3) By End-User: Application And Games, Online Media, Other End-Users
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Regional Insights –
North America was the largest region in the direct carrier billing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the direct carrier billing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the direct carrier billing market report are Vodafone Group Plc; Telefónica; ZTE Corporation; Singtel; Telenor Group; Global Message Services AG; Amdocs Limited; Twilio Inc.; Infobip Ltd; Digital Turbine Inc.; OpenMarket Inc; Aeris Communications; Oxygen8 Communications UK Ltd; Boku Inc; Telecoming S.A.; BlueSnap; Paymentwall ; Logia Group; Bango plc; Fortumo OU; Comviva Technologies Limited; Centili Limited; TPay; ImpulsePay Limited ; Empello Ltd. ; QPay Europe SA
Table of Contents
1. Executive Summary
2. Direct Carrier Billing Market Report Structure
3. Direct Carrier Billing Market Trends And Strategies
4. Direct Carrier Billing Market – Macro Economic Scenario
5. Direct Carrier Billing Market Size And Growth
…..
27. Direct Carrier Billing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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