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Direct Carrier Billing Platform Market Share, Opportunities Analysis, Recent Trends, Regional Growth And Outlook By 2033
Direct Carrier Billing Platform Market
As per the report, 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 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%.
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Expanding Direct Carrier Billing Platform Market Fueled By Rising Demand For Over-the-Top (OTT) Content
The increase in over-the-top (OTT) media is expected to propel the growth of the direct carrier billing platform market going forward. Over-the-top (OTT) media denotes the distribution of video, audio, and additional media content via the Internet directly to consumers without reliance on conventional distribution channels such as cable or satellite television services. The rising desire for an improved viewing experience with over-the-top (OTT) content is fueled by the diverse selection of content available, including movies, TV series, documentaries, and original programming, catering to a broad spectrum of preferences. DCB serves as a payment option for OTT services, allowing 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 instance, in August 2022, according to a Media Nations report by the Office of Communications (Ofcom), a UK-based government regulatory and competition authority, 67% of UK homes were using subscription video-on-demand (SVoD) services, such as Netflix and Disney+, by the second quarter of 2020, an increase from 60% of UK homes that had resorted to subscription video-on-demand (SVoD) services by the third quarter of 2020. Therefore, the rising demand for over-the-top (OTT) content is driving the growth of the direct carrier billing platform market.
Innovations in The Direct Carrier Billing (DCB) Platform Market To Enhance Financial Accessibility and Merchant Opportunities
Major companies operating in the direct carrier billing platform market are developing new use cases for direct carrier billing solutions, such as integration in digital wallets, to enable consumers to top up their mobile wallets and gain a competitive edge in the market. The integration of DCB with mobile wallets offers a significant advancement in financial accessibility, allowing consumers without credit or debit cards to conveniently top up their mobile wallets. For instance, in November 2021, Payguru, a Turkey-based financial software company, in partnership with Iyzico, a Turkey-based software development company, launched a new case for direct carrier billing (DCB). The launch enables Turkish consumers to recharge Pay with Iyzico, Turkey's mobile wallet, using direct carrier billing (DCB). This new case aims to enhance financial access for consumers without traditional banking services. This technology enables digital payments without bank accounts or cards, benefiting both consumers and local merchants. 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.
The direct carrier billing platform market covered in this report is segmented -
1) By Type: 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, Other Types
2) By Component: Hardware, Software, Services
3) By Payment Method: Credit Or Direct Card, Bank Transfer, eWallets, Other Payment Methods
4) By Platform: Android, Windows, iPhone Operating System (iOS), Other Platforms
5) By End User: Applications And Games, Video And Audio, Other End Users
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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 OÜ, Bango Inc., Mondia Group, DIMOCO Europe GmbH, txtNation Limited, T-Pay Mobile FZ-LLC, DOCOMO Digital Ltd., Zong Inc., Mobivate Limited, Mobiyo
Contents of the report:
1. Executive Summary
2. Direct Carrier Billing Platform Market Report Structure
3. Direct Carrier Billing Platform Market Trends And Strategies
4. Direct Carrier Billing Platform Market - Macro Economic Scenario
5. Direct Carrier Billing Platform Market Size And Growth
…..
27. Direct Carrier Billing Platform Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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