Direct Carrier Billing Market Latest Trends, Industry Size, Major Segments and Competitive Landscape Forecast To 2027, The Insight Partners

According to our latest market study on "Direct Carrier Billing Marketto 2027-- COVID-19 Impact and Global Analysisby Type (Limited DCB, Pure DCB, MSISDN Forwarding, and PIN or MO Base Window); Platform (iOS, Android, and Other Platforms); End User (Apps and Games, Online Media, and Other End Users); and Geography," the market was valued at US$ 36.1 billion in 2021 and is projected to reach US$ 70.0 billion by 2027; it is expected to grow at a CAGR of 11.5% from 2020 to 2027.

The demand for high-end smartphones with enhanced features has spurred over the years in developing countries. The adoption of smartphones continues to rise owing to higher disposable income among the populationsin developed countries. Growing per capita income in developing countries allows individuals to capitalize on high-end smartphones. The rise in the proliferation of smartphones and awareness related to the benefits of purchasing apps, games, and media by charging payments to their mobile phone carrier bill is enabling individuals in developing countries to invest substantial amounts on such technologies, which, in turn, drives the growth of the direct carrier billing market. The developers enable smartphone users to purchase respective premium features using direct carrier billing or debit card or credit card, of which, the direct carrier billingthe easiest option. This factor is scaling up the direct carrier billing market size year on year.

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Over-the-top and mobile gaming is attributing to the growth of the market. The mobile games developing companies are experiencing a tremendous demand for their products and services. Pertaining to the stupendous penetration of smartphones, mobile gaming has become an omnipresent industry worldwide. The gaming market globally has surpassed a worth US$ 150 billion in 2019, with 45% generated from mobile games. In recent years, mobile games account for more than 30% of all app downloads, 74% of consumer spending, and 10% of all time spent in-app.

These statistics reflect the demand for mobile games and the continuous surge in penetration of the same. The mobile game players have access to games at all times and are able to purchase several features using various payment channels. The demand for purchasing a gaming feature and adding the price of the feature to the carrier bill is one of the easiest options available to the players. Thus, most of the players in developed and developing countries make use of the same payment channel, which catalyzes the direct carrier billing market

The Prominent Players are:

•Bango PLC
•Boku, Inc.
•Centili
•Comviva Technologies Limited
•DIMOCO
•Fortumo
•Infomedia Services Limited
•NTH Mobile,
•TELECOMING S.A.
•txtNation Limited

Impact of COVID-19 on Direct Carrier Billing Market

According to the latest report by the World Health Organization (WHO)(May 21, 2020), the US, Spain, Italy, France, Germany, the UK, Turkey, Iran, China, and Russia are among the worst-affected countries by the COVID-19 outbreak. The outbreak began inChina in December 2019, and since then, it has spread at a fast pace around the globe. As per the latest WHO figures, there are ~4.89 million confirmed COVID-19 cases globally with ~323,000 total deaths. The global factory shutdowns, travel bans, and border lockdowns to combat and contain the transmission have impacted every industry and economy worldwide. Technology events and industry meet cancellations, factory and office shutdowns, and reduced business activities are among the major effects faced by the sector. The global travel bans imposed by countries in Europe, Asia Pacific, North America, and others are affecting the business collaborations and partnerships opportunities across industries.

The decrease in business activities such as partnerships to increase the adoption of direct carrier billing in various countries is anticipated to limit the direct billing platform and service providers' growth. The demand for digital services, especially video and audio streaming, has grown at a high rate in past few months. Similarly, online app and game purchases have also increased due to most people working from home and staying indoors to contain the spread of COVID-19.

The research provides answers to the following key questions:

1.What is the estimated growth rate of the market for the forecast period 2021-2027? What will be the market size during the estimated period?
2.What are the key driving forces responsible for shaping the fate of the AI in Auto Insurance market during the forecast period?
3.Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the AI in Auto Insurance market?
4.What are the prominent market trends influencing the development of the AI in Auto Insurance market across different regions?
5.What are the major threats and challenges likely to act as a barrier in the growth of the AI in Auto Insurance market?
6.What are the major opportunities the market leaders can rely on to gain success and profitability?

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The shortage of content over television (TV) and the proliferation of high-speed internet have resulted in a rise in the adoption of over the top (OTT) content in recent times. Smartphones are presently the key platforms for the adoption of OTT contents. The staggering acceptance of OTT services has persuaded many network service providers to accept direct carrier billing as a payment method. This is boosting the direct carrier billing market growth. From the customers' perspective, the benefit of subscribing to or paying for a feature or media content while offline is generating significant demand for direct carrier billing option. This factor is also acting as a catalyzer to the direct carrier billing market.

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AI in Auto Insurance Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America

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