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Direct Carrier Billing Market Report 2024-2033: Size, Share, Growth, Trends, Analysis, Demand, Forecast, Key Players
As per the report, the direct carrier billing market size has grown rapidly in recent years. It will grow from $46.13 billion in 2023 to $52.67 billion in 2024 at a compound annual growth rate (CAGR) of 14.2%. The direct carrier billing market size is expected to see rapid growth in the next few years. It will grow to $90.56 billion in 2028 at a compound annual growth rate (CAGR) of 14.5%.
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The Role of Increasing Mobile Phone Users In Direct Carrier Billing Market Growth
An increasing number of mobile phone users is expected to propel the growth of the direct carrier billing market going forward. Mobile phone users are individuals who utilize mobile devices to access telecommunications services, including voice calls, text messaging, internet browsing, and various mobile applications. The rising adoption of mobile phones is due to advancements in affordable smartphone technology and increasing internet penetration in emerging markets. Direct carrier billing simplifies in-app purchases on mobile phones by allowing users to charge transactions directly to the phone bill or prepaid balance, streamlining payment processes and enhancing accessibility. For instance, in February 2024, according to Uswitch Limited, a UK-based website, there were 71.8 million mobile connections in the UK in 2022, an increase of 3.8% from 2021. Therefore, an increasing number of mobile phone users is driving the growth of the direct carrier billing market.
Direct Carrier Billing For Mobile Games Revolutionizes In-App Purchases
Major companies operating in the direct carrier billing market are focusing on developing innovative products, such as direct carrier billing for mobile games, to gain a competitive edge in the market. Direct carrier billing for mobile games is a payment method that allows users to make purchases within mobile gaming apps and charge the cost directly to their mobile phone bill or deduct it from their prepaid balance. For instance, in January 2024, TPay, a UAE-based developer of mobile payments platforms, launched direct carrier billing for PUBG Mobile in Egypt in collaboration with Tencent Holdings Ltd., a China-based technology company, to conveniently purchase in-game currency. This method eliminates the need for credit cards or other traditional payment methods and enables immediate access to the service with just one click. It is accessible to users with a mobile subscription or prepaid plan.
The direct carrier billing market covered in this report is segmented -
1) By Type: Limited Direct Carrier Billing (DCB), Pure Direct Carrier Billing (DCB), MSISDN Forwarding, Other Types
2) By Authentication type: Single Factor Authentication, Two Factor Authentication
3) By End-User: Application And Games, Online Media, Other End-Users
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Major companies operating in the direct carrier billing market report are Vodafone Group Plc, Telefónica, ZTE Corporation, Singtel, Telenor Group, Global Message Services AG, Amdocs Limited, Twilio Inc., Infobip Ltd, Digital Turbine Inc., OpenMarket Inc, Aeris Communications, Oxygen8 Communications UK Ltd, Boku Inc, Telecoming S.A., BlueSnap, Paymentwall , Logia Group, Bango plc, Fortumo OU, Comviva Technologies Limited, Centili Limited, TPay, ImpulsePay Limited , Empello Ltd. , QPay Europe SA
Contents of the report:
1. Executive Summary
2. Direct Carrier Billing Market Report Structure
3. Direct Carrier Billing Market Trends And Strategies
4. Direct Carrier Billing Market - Macro Economic Scenario
5. Direct Carrier Billing Market Size And Growth
…..
27. Direct Carrier Billing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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