Press release
Carrier Billing Payment Solutions Market Trends 2024
Carrier Billing Payment Solutions Market Trends
According to The Business Research Company's, 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 growth in the historic period can be attributed to mobile phone penetration, digital content consumption, expanding e-commerce and m-commerce, the rise of subscription-based services, and the expansion of mobile gaming.
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%. The growth in the forecast period can be attributed to the rise of digital subscriptions, focus on financial inclusion, growing preference for mobile-first experiences, enhanced user experience, and expansion into new verticals. Major trends in the forecast period include personalization and targeted marketing, contactless payments and NFC Integration, blockchain and cryptocurrency Integration, expansion into IoT and smart devices, and voice-activated payments.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/direct-carrier-billing-global-market-report
Market Drivers and Trends:
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.
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.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=15168&type=smp
Major Key Players of the Market:
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
Direct Carrier Billing Market 2024 Key Insights:
• 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%.
• The Role of Increasing Mobile Phone Users In Direct Carrier Billing Market Growth
• Direct Carrier Billing For Mobile Games Revolutionizes In-App Purchases
• North America was the largest region in the direct carrier billing market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=15168&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Carrier Billing Payment Solutions Market Trends 2024 here
News-ID: 3696761 • Views: …
More Releases from The Business Research Company
Global Digital Pathology Market Projected to Grow at 18.4% CAGR, Reaching $2.79 …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Digital Pathology Industry Market Size Be by 2025?
In recent years, the digital pathology market has seen rapid expansion. The market, which was valued at $1.22 billion in 2024, is expected to reach $1.42 billion in 2025, indicating a compound annual growth rate (CAGR) of 15.7%.…
Future of the Surgical Drapes Market: Trends, Innovations, and Key Forecasts Thr …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Surgical Drapes Market Size Growth Forecast: What to Expect by 2025?
Over the previous years, the size of the surgical drapes market has experienced consistent growth. It is forecasted to increase from $1.39 billion in 2024 to $1.43 billion in 2025 with a compound annual growth rate (CAGR) of…
Sinus Dilation Devices Market Expected to Achieve 8.8% CAGR by 2029: Growth Fore …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Sinus Dilation Devices Market Size By 2025?
The market for sinus dilation devices has seen robust growth in recent years. The market size is predicted to increase from $2.94 billion in 2024 to $3.15 billion in 2025, displaying a compound annual growth rate (CAGR) of…
2025-2034 Craniomaxillofacial (CMF) Devices And Equipment Market Roadmap: Insigh …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Craniomaxillofacial (CMF) Devices And Equipment Market Size By 2025?
The market for craniomaxillofacial (cmf) devices and equipment has witnessed a robust expansion in recent times. It is set to increase from a worth of $1.97 billion in 2024, escalating to $2.12 billion in 2025, reflecting…
More Releases for Carrier
Prominent Crude Oil Carrier Market Trend for 2025: Advancements In Carrier Syste …
"Which drivers are expected to have the greatest impact on the over the crude oil carrier market's growth?
The anticipated surge in demand for crude oil and its derivatives is projected to fuel the expansion of the crude oil carrier market in the future. Crude oil, consisting of hydrocarbons, is found in liquid form in natural underground reserves and remains as such under standard pressure, even when it has passed through…
Ceramic Carrier Carrier Market Exciting Opportunities with 14.1% CAGR to $5393 M …
CALIFORNIA, (UNITED STATES) - The global Ceramic Carrier Carrier Market has witnessed significant growth and transformation in recent years. This comprehensive market report provides an overview of key trends, drivers, challenges, and opportunities in the industry. It covers various segments within the Ceramic Carrier Carrier sector, offering insights into market dynamics, competitive landscape, and future prospects. The report focuses on the major players that are in operation within the market…
Carrier Tape Reels Market Size, Share and Forecast By Key Players-Advantek, Taiw …
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- According to the MRI Team's Market Research Intellect, the global Carrier Tape Reels market is anticipated to grow at a compound annual growth rate (CAGR) of 14% between 2024 and 2031. The market is expected to grow to USD 9.65 Billion by 2024. The valuation is expected to reach USD 24.15 Billion by 2031.
The market for carrier tape reels is expanding significantly as a result of the electronics industry's growing need…
Plastic Carrier Tape Reels Market Size, Share and Forecast By Key Players-Advant …
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- According to the MRI Team's Market Research Intellect, the global Plastic Carrier Tape Reels market is anticipated to grow at a compound annual growth rate (CAGR) of 14.01% between 2024 and 2031. The market is expected to grow to USD 5.68 Billion by 2024. The valuation is expected to reach USD 14.23 Billion by 2031.
The plastic carrier tape reels market is witnessing significant growth due to the increasing demand for efficient…
Antistatic Carrier Tape Reels Market Booming Worldwide (Forecast Period 2023 202 …
The global Antistatic Carrier Tape Reels market is carefully researched in the report while largely concentrating on top players and their business tactics, geographical expansion, market segments, competitive landscape, manufacturing, and pricing and cost structures. Each section of the research study is specially prepared to explore key aspects of the global Antistatic Carrier Tape Reels market. For instance, the market dynamics section digs deep into the drivers, restraints, trends, and…
Demand of Hull Coatings Market in Crude & Product Tankers, Misc. Carrier, Bulk C …
As per the most recent study by Fact.MR, hull coatings sales are set to witness rapid development during 2021-2031. The growing demand from the shipbuilding sector is one of the primary reasons driving the expansion of the market examined.
Vessel category dominated the market during the historical period and is anticipated to exert its dominance due to the growing shipbuilding sector in the Asia-Pacific region, projects Fact.MR. It is anticipated that…
