According to the latest report by IMARC Group, titled “Direct Carrier Billing Platform Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the global direct carrier billing platform market share.The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global direct carrier billing market size reached US$ 286.0 Million in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 716.5 Million by 2028, exhibiting a growth rate (CAGR) of 16% during 2023-2028.
Direct carrier billing platform (DCB), alternatively referred to as direct operator billing, represents online payment methods that allow users to make purchases using their mobile phones. Some of the common types include limited DCB, pure DCB, mobile station international subscriber directory number (MSISDN) forwarding, etc.
These direct carrier billing platform variants are extremely safe for buying digital services or products from third-party vendors without utilizing any confidential banking details. They offer hassle-free payments instantly from compliant merchants who add transaction charges to the user’s mobile phone bills. Direct carrier billing platform models are more beneficial as compared to card payments in offering a seamless user experience, improved transaction security, enhanced conversion rates, greater financial inclusion, etc. Consequently, they find widespread applications across various sectors, including banking, e-commerce, media and entertainment, etc.
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Market Trends & Drivers
The emerging trend of digitalization in the BFSI industry and the increasing penetration of mobile-based payment solutions are primarily driving the direct carrier billing platform market. Additionally, the escalating adoption of smart TVs among consumers having a prepaid account or subscription with a mobile operator service is acting as another significant growth-inducing factor. Besides this, the rising number of startups and small businesses that depend upon DCB platforms for greater payment coverage and higher financial accessibility are also positively influencing the global market.
Moreover, the expanding popularity of over-the-top (OTT) streaming media services, such as Spotify, Netflix, Amazon Prime Video, Hulu, etc., that accept DCB platforms for payments and the inflating purchase of mobile gaming and in-app games via direct carrier e-billing platforms are further stimulating the market growth. Apart from this, the shifting consumer preferences toward the ‘pay-as-you-go’ model and the elevating focus among businesses on ensuring financial security in online transactions are expected to propel the direct carrier billing platform market over the forecasted period.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Bango plc, Boku Inc., Centili Limited, DIMOCO Payments, Mobiyo, NTH Mobile d.o.o., NTT Docomo Inc. (Nippon Telegraph and Telephone Corporation), Singapore Telecommunications Limited, Telecoming S.A. and Telenity Incorporated.
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Component:
- Hardware
- Software
- Services
Breakup by Type:
- Limited DCB
- Pure DCB
- MSISDN Forwarding
- PIN or MO Base Window
- Others
Breakup by Platform:
- Windows
- Android
- iOS
Breakup by Content:
- Applications and Games
- Video and Audio Contents
- Others
Regional Insights:
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.
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