Direct Carrier Billing Market Research Report, By Component (Hardware, Software & Services), Authentication (Single-Factor Authentication and Two Factor Authentication), Type (MO Base Window), Platform (Android), and By Feature – Forecast till 2023
The direct carrier billing (DCB) market is getting extremely popular as it has eased the process of payment by bringing the entire process closer to the fingertips of the consumers. It is a method that requires an only smartphone to get the payments done. Starting from only the purchase of ringtones and wallpapers, the direct carrier billing industry has pushed the boundaries wider. The global direct carrier billing market can be expected to enjoy an exponential growth during the forecast period, reveals Market Research Future (MRFR). The detailed report further includes several market factors that can take the global market ahead. For instance, it does not rely much on the banking infrastructure to complete the transaction. In addition, Apple App Store, Google Play, Windows Phone Store, and BlackBerry World are offering easy transaction. Its backup is substantial as the number of smart gadget users is rising.
However, unfavorable taxation and stringent government policies can deter the direct carrier billing market growth during the forecast period. But its popularity among the people who lack the proper financial services can provide it with enough momentum to stay away from such dampening effects.
Major Key Players
- NTT DoCoMo,
- Bell Canada,
Prominent players keep innovating and investing in research and development to find out cost-effective measures in a bid to take charge of the market. Mergers, collaborations, product launches, acquisitions, and other tactics are significantly impacting the fortune of companies and the market as a whole.
In September 2017, ALTBalaji, the largest digital platform for exclusive and original shows from India, teamed up with Boku, a global leader in carrier billing-based mobile payments, and brought carrier billing as a payment option to international users. This was a definitive expansion plan.
In September 2019, the Chinese tech-giant Vivo, partnered with Centili to promote direct carrier billing in India, Indonesia, and Thailand. This would enhance the payment experience of the user.
According to MRFR, The Global Direct Carrier Billing Market is expected to grow significantly over the forecast period 2019–2023.
The global direct carrier billing market can be segmented by component, type, feature, authentication type, and platform.
By component, the direct carrier billing market is segmented into hardware, software, and services. The services segment includes professional and managed services.
Type-wise, the direct carrier billing is segmented into limited DCB, pure DCB, MSISDN forwarding, PIN or MO base window, and others.
By feature, the direct carrier billing market comprises pre-defined window, PIN defined, mobile originated & mobile terminated and others.
By authentication Type, the direct carrier billing market includes single-factor authentication and two-factor authentication.
Based on platform, the direct carrier billing market is segmented into Windows, Android and, iOS.
Region-specific analysis of the direct carrier billing market includes North America, Europe, Asia Pacific (APAC), and the Rest-of-the-World (RoW).
Europe is, at present, dominating the market by generating substantial revenue. The region also has prolific direct carrier billing users owing to its superiority in terms of technology. Furthermore, governments in the region are taking initiatives to ease the payment process and assist in the fast integration of the direct carrier billing system. The European Commission is taking the onus of regulating payment services and payment service providers throughout the European Union (EU) and European Economic Area (EEA).
North America assumes the second spot owing to the similar features like that of Europe. However, it is the APAC that is touted to grow with the fastest CAGR during the forecast period. The region is witnessing a spurt in the number of mobile users which can impact the market significantly.
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- Training and Consulting Service Providers
- Communications Service Providers
- Direct Carrier Billing Vendors
- Mobile Network Operators
- App Developers
- Managed Service Providers
- Mobile Payments Company
- Third-Party Providers
List of Tables
Table 1 Direct Carrier Billing Market: By Region, 2019-2023
Table 2 North America Direct Carrier Billing Market: By Country, 2019-2023
Table 3 Europe Direct Carrier Billing Market: By Country, 2019-2023
Table 4 Asia Pacific Direct Carrier Billing Market: By Country, 2019-2023
Table 5 The Middle East & Africa Direct Carrier Billing Market: By Country, 2019-2023
Table 6 Latin America Direct Carrier Billing Market: By Country, 2019-2023
Table 7 Global Direct Carrier Billing by Component Market: By Regions, 2019-2023
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