PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1127426
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1127426
Direct carrier billing (DCB) Market size was valued at USD 31,006.2 Million in 2021, growing at a CAGR of 13.7% from 2022 to 2028.
Direct carrier billing (DCB) is a portable installment innovation that enables customers to make exchanges by charging the amount to their monthly versatile bill. Direct carrier billing (DCB) or operator billing is an unadulterated payment method that enables customers to pay for online goods, products, backing, services, and content through a few gadgets like tablets, cell phones, and Smart TV. The direct carrier billing platform market is primarily driven by the world's rapid technological advancement and rising adoption of new technologies. This will also fuel the expansion of this industry, along with the widespread usage of mobile applications powered by the Android operating system for a variety of activities like watching sports, playing games, viewing entertainment, managing finances, and other tasks.
The important elements boosting the growth of the global direct carrier billing platform market are the increased acceptance and rising demand for video-on-demand, gaming, audio, and voice calling applications like Skype, WeChat, eBooks, podcasts, and other content. Additionally, the overall expansion of this market will be boosted by the rising success rates and popularity of over-the-top (OTT) streaming media service providers like Hulu, Netflix, Sony, Amazon Prime Video, Spotify, and others, drawing high payment offerings.
In contrast, concerns like the complexity that could result from e-billing payments and booting disturbances could become significant obstacles for this business in the years to come. However, the rising popularity of in-app purchases and direct carrier e-billing for mobile gaming. The primary drivers of the global Direct Carrier Billing Market are also an increase in the use of subscription video-on-demand services and the popularity of digital content like e-sports and live streaming. Due to the expansion of high-speed internet and cloud computing infrastructure, the market for direct carrier billing is becoming more and more popular. An enormous increase in smartphone usage is being seen in developing nations all around the world. The proliferation of inexpensive smartphones is largely responsible for this. Many indigenous smartphone makers have recently emerged in the emerging APAC, MEA, and South American nations.
The Global Direct carrier billing (DCB) Market is segmented on the basis of Platform, Component, Authentication, and Region.
The market is divided into three categories based on platform: Windows, Android, and IOS. Android held the majority of the market share of nearly 41.2% in terms of revenue. Major industry participants like Google and numerous others have been investing in delivering such billing choices across Android platforms as a result of the rising affordability of low-cost android phones. Additionally, a lot of android-based games only allow access and download options after making an online payment, which has led to strong demand for the direct carrier billing market.
With the aid of partnerships, product advancements, and cutting-edge features in the direct carrier billing platforms, platform providers will therefore encourage a large number of people without adequate banking support into the carrier billing systems.
In the market, the direct carrier billing (DCB) platform serves as a go-between for content providers and flexible network operators (MNO). The platform links vendors to the character, deals, and e-billing frameworks of mobile network providers. Additionally, it aids in assisting vendors to provide DCB, attract clients, and turn them into devoted, paying clients for the goods and services provided through direct carrier billing flexible payment method. Some recent development in the market include:
In 2020, Bango extended its partnership with NHN Corporation. The partnership is aimed to focus on empowering its customers in order to innovate and gain maximum value from their data.
In 2020, iTaxi launched a new ticketing model supported by direct carrier billing, which will enable customers to charge taxi rides to their postpaid plans with Play.
The scope of this report covers the market by its major segments, which include as follows: