PUBLISHER: The Business Research Company | PRODUCT CODE: 1500042
PUBLISHER: The Business Research Company | PRODUCT CODE: 1500042
A direct carrier billing (DCB) platform is a payment mechanism that enables users to charge purchases directly to their mobile phone bill or prepaid balance, facilitating the acquisition of digital content, products, or services with a simple confirmation process on their mobile device.
The primary types of direct carrier billing platforms include 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, and others. Various components such as hardware, software, and services support multiple payment methods including credit or debit cards, bank transfers, e-wallets, among others. These platforms operate across various operating systems such as Android, Windows, iOS, and are utilized by various end-users including applications, games, video, audio, and others.
The direct carrier billing platform market research report is one of a series of new reports from The Business Research Company that provides direct carrier billing platform market statistics, including direct carrier billing platform industry global market size, regional shares, competitors with a direct carrier billing platform market share, detailed direct carrier billing platform market segments, market trends and opportunities, and any further data you may need to thrive in the direct carrier billing platform industry. This direct carrier billing platform market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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 historical growth can be attributed to several factors including mobile penetration rates, increased digital content consumption, rising e-commerce transactions, regulatory support and compliance measures, and the 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 anticipated growth in the forecast period is expected to be driven by the demand for frictionless payment experiences, advancements in technologies, enhanced security measures, global expansion of DCB platforms, and the increasing prevalence of mobile commerce. Key trends in the forecast period are expected to include innovation in payment technologies, personalized user experiences, collaboration with telecommunications companies, and the implementation of enhanced security measures.
The surge in over-the-top (OTT) media consumption is poised to drive the growth of the direct carrier billing platform market. OTT media refers to the distribution of video, audio, and additional content via the internet directly to consumers, bypassing traditional distribution channels such as cable or satellite television services. The increasing demand for enhanced viewing experiences with OTT content is fueled by the diverse selection available, including movies, TV series, documentaries, and original programming, catering to a wide range of preferences. Direct carrier billing (DCB) serves as a convenient payment option for OTT services, enabling 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 example, a Media Nations report by the Office of Communications (Ofcom) revealed that 67% of UK homes were using subscription video-on-demand (SVoD) services such as Netflix and Disney+ by the second quarter of 2020, indicating a significant increase from previous periods. Consequently, the rising demand for OTT content is propelling the growth of the direct carrier billing platform market.
Leading companies in the direct carrier billing platform market are innovating new use cases for DCB solutions, such as integration with digital wallets, to offer consumers added convenience and gain a competitive edge. Integrating DCB with mobile wallets represents a notable advancement in financial accessibility, allowing consumers without credit or debit cards to conveniently top up their mobile wallets. For instance, Payguru, in partnership with Iyzico, launched a new use case for DCB in November 2021, enabling Turkish consumers to recharge Pay with Iyzico, Turkey's mobile wallet, using DCB. This initiative aims to enhance financial access for consumers without traditional banking services, enabling digital payments without bank accounts or cards. With a single integration, merchants gain access to 87 payment channels, expanding their customer base and offering innovative services such as tariff bundling and loyalty programs.
In September 2022, Bango PLC acquired Docomo Digital from NTT DoCoMo, a move aimed at significantly expanding Bango's user base and global reach. This acquisition brings about a substantial increase in user spending and extends Bango's reach to approximately 2 billion users worldwide. With access to more users, operators, and sellers, Bango aims to offer a wider array of products, reach more consumers, increase sales, and leverage data for monetization on its platform. NTT DoCoMo specializes in providing a direct carrier billing platform worldwide for global payments.
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 OU, Bango Inc., Mondia Group, DIMOCO Europe GmbH, txtNation Limited, T-Pay Mobile FZ-LLC, DOCOMO Digital Ltd., Zong Inc., Mobivate Limited, Mobiyo
Asia-Pacific was the largest region in the direct carrier billing platform market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the direct carrier billing platform market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the direct carrier billing platform market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The direct carrier billing platform market includes revenues earned by entities by providing services such as digital content purchases, in-app purchases, and subscription services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Direct Carrier Billing Platform Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on direct carrier billing platform market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for direct carrier billing platform ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The direct carrier billing platform market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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