The Direct Carrier Billing Market size exceeded USD 123 Billion in 2027 and is projected to expand at over 14% CAGR from 2020 to 2027. The study covers significant data like market trends, drivers, market challenges, size, share, SWOT analysis, restraints & Some of the key players and details info about websites that accept carrier billing. The Direct Carrier Billing Market report can help to understand the market and strategize for business expansion accordingly.
Direct carrier billing is a new payment method that allows consumers to make their purchases. It is also popularly known as Direct Operator Billing. The mechanism allows all of its users to buy various digital products, from third-party vendors, without using bank cards. The consumers are requested to just have a smartphone device and a SIM card for carrying out the carrier billing transactions. This concept has been active since the times when there were no smartphones in the world. People used this method for purchasing wallpapers and ringtones on older phones. Today, the key players have evolved this payment or transaction technique, for which the market is set on a substantial growth stage.
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One of the major evolutionary direct carrier billing transactions is the payment over streaming services. Hence, this domain helped the industry generate high revenue, even during the COVID 19 crisis. The rising use of smartphones, tablets and other smart devices across the world also boosted the utilization rate of direct carrier billing. Hence, the market expanded! So, it is evident that more than one factor has contributed to the successful growth of the direct carrier billing market. The initial phase of COVID 19 did impact the DCB market. But over time, when everything started to resume with digital means, the demand cycle was restored, and the DCB market experienced a boom.
The report intends to shed light on every minute aspect of this market growth. The market segment breakdown educates the audience on the different aspects that work together to make the Direct Carrier Billing industry function seamlessly. Apart from that, the regional classification exposes this market in various regions of the world. The overall growth factor has set up the market size prediction to surpass the previous records in the present forecast years.
The unification of bills is expected to motivate the direct carrier billing market 2020. The information & communication technology industry reports are produced by Market Research Future, which highlights market options for expansion. A soaring CAGR is predicted for the global market in the coming period.
The increasing demand for utility in bill payments is expected to rise as the number of billed services, and individual avails is growing, this factor is estimated to encourage the direct carrier billing market. The escalating number of mobile subscribers is estimated to power the development of the direct carrier billing market in the coming period. The increasing usage of mobile payment methods is predicted to stimulate the direct carrier billing market in the forecast period.
The Components segments of market includes services, hardware, and software
The market services are available across platforms like Android, Windows, and iOS
The market end-users include the gaming industry, video content, movies, and music, amongst others.
The type segment of the market included pure DCB, MO, or Pin based Window, MSISDN forwarding, and Limited DCB, amongst others
The application segment of the market includes web payments, app stores, digital content, and others like mobile commerce.
The major regions where the global DCB market has set up a strong market exposure are North America, Asia-Pacific, Europe and other parts of the world. Asia Pacific region is expected to set up complete domination over the market in the present forecast years. The companies within this region have put up large investments in research & development activities, backed up by the smartphone penetration. Therefore, the growth rate is substantially high for this region!
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Top Key Players
Singapore Telecommunications Limited
Digital Turbine Inc.
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