Direct Carrier Billing Market To Witness Massive Growth | Competitive Outlook By Bango, Boku, Centili, Comviva Technologies, DIMOCO, Fortumo Infomedia Services, NTH Mobile

Global direct carrier billing market was valued at US$ 29.8 billion in 2019 and is projected to reach US$ 70.0 billion by 2027 and is expected to grow at a CAGR of 11.5% during the forecast period.

The direct carrier billing market is growing with the rising smartphone usage, with which several digital service providers have evolved and are growing stupendously globally. A few of the digital services include Netflix, Google Play, and Amazon Prime. The smartphone users are able to purchase digital content from these respective service providers and can pay for subscriptions via the same channels as their mobile phone bills, which is boosting the direct carrier billing market.

Get Sample Copy Of This Report:- https://bit.ly/2X05Jdl

The top companies operating in the field of direct carrier billinginclude Bango PLC; Boku, Inc.; Centili; Comviva Technologies Limited; DIMOCO; Fortumo; Infomedia Services Limited; NTH Mobile; TELECOMING S.A.; and txtNation Limited. Various other companies operating in the market and are coming up with advance direct carrier billing solutions, which is fueling the expansion of the direct carrier billing marketin terms of revenue.

In addition, the mobile gaming segment is progressing at an extraordinary rate with the growing popularity of games such as PUBG, Call of Duty, Stardew Valley, and Vectronom. Numerous mobile gaming developers charge certain amounts either to purchase the complete game file or to purchase a certain feature. However, in the modern era, a significant percentage of the global population still lacks access to basic financial technologies, such as debit card and credit card. With an objective to empower the individuals under this category, several FinTech companies are investing substantial amounts in developing robust and easy-to-use technologies.

A notable percentage of population in various developing countries fails to leverage the benefits of advanced payment channels. Telefonica, a leading telecommunications industry player, has collaborated with DOCOMO Digital to promote and accelerate the proliferation of content and digital services among its subscribers in Latin America. This technology enables faster and seamless transactions in App stores, such as Google Play and Apple iOS, while offering enhanced control and transparency over purchases. The service is exclusively gaining traction in emerging markets such as Latin America.Despite the positive growth outlook, the ongoing COVID-19 outbreak is anticipated to affect the global economy, thus hampering the business activities and revenues worldwide. The business lockdowns, travel bans, event cancellations, and supply chain disruptions in various countries may affectthe growth of the global direct carrier billing market, especially in 2020 and 2021.

Reason To Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the globaldirect carrier billing market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the globaldirect carrier billingmarket, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth globalmarket trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

Purchase This Report:- https://bit.ly/2P2zHcu

Contact Us:
The Insight Partners
533, 5th Floor, Amanora Chambers,
Amanora Township, East Block,
Kharadi Road, Hadapsar, Pune-411028
sales@theinsightpartners.com

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

This release was published on openPR.