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Direct Carrier Billing Market size was valued at USD 28.90 Billion in 2022 and is projected to reach USD 68.17 Billion by 2030, growing at a CAGR of 11.34 % from 2022 to 2030.
Direct Carrier Billing (DCB) Market Overview:
Growing adoption of subscription video-on-demand services and growing digital content such as e-sports and live streaming are major drivers of the global direct carrier billing market. Demand for direct carrier billing is increasing due to the growth of high-speed internet and cloud computing infrastructure, which boosts the demand for direct carrier billing market.
In addition, slow credit card penetration in developing countries is expected to boost demand for direct carrier payment platforms. The direct carrier billing market is also stimulating as smartphone users can purchase digital content from their respective service providers and pay for subscriptions through the same channels as their mobile phone bills. There are certain limitations and challenges that hinder the overall market growth.
Factors such as mobile wallets, payment systems, credit and debit cards, and many alternative payment gateways around the world such as internet banking are hampering the growth of the direct carrier payment market. Nonetheless, increasing consumer acceptance of digital goods and growing awareness of direct carrier billing services are expected to provide lucrative growth opportunities during the forecast period.
Direct Carrier Billing (DCB) market size, estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Direct Carrier Billing (DCB) market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.
Key Market Updates:
Major Market Segments Covered in Direct Carrier Billing (DCB) Industry Research:
Market Key Players:
Fortumo, Bango.net Limited, DOCOMO Digital, Boku Inc., txtNation Limited, Adpay.net.in., Mobius, TELENITY, ZONG, Networld Media Group, and others
By Type:
By Platform:
By Application:
By Region:
North America and Europe have dominated the direct carrier payment market size in terms of revenue and are likely to remain at this level, and this trend is likely to continue due to the growing use of direct carrier payment platforms and growing demand for the trend. Growing demand for digital content, increasing collaboration between platform providers and various content creators, and ongoing services in the US, Germany and other countries contribute to increasing market share.
High investment in R&D activities along with rising smartphone penetration is fueling the growth of China's direct carrier billing market. In addition, the growing popularity of digital content platforms and the availability of affordable smartphones are having a positive impact on the growth of the domestic direct carrier billing market.
Increasing adoption of cloud computing technologies is expected to drive the market value of direct carrier payment platforms in Japan over the next few years. In addition, slow penetration of domestic credit cards coupled with rapid digitization is another factor expected to boost the growth of Japan's direct carrier billing market.
Significant Market Dynamics:
Drivers:
The US market, which is part of North America, is seeing increasing adoption for audio and video streaming services across target audiences located in the region. The growing number of young people is driving widespread demand for these services from trusted market players like Netflix, Amazon and HBO, along with Prime Video. Streaming on these platforms is a convenient and fun platform for millennials. People are also choosing these services because they come in bundled packages from a network of trustworthy and trustworthy carriers. This will help the market to grow in international competition and give the market a bright outlook during the forecast period ending in 2028.
Restraints:
Conversely, these subscriptions for standalone buyers can be expensive. Millennials are opting out of clubbing and subscription sharing which may inhibit the market from growing in anticipation over the forecast period of 2021-2028. Moreover, the inability to use streaming from the same account on different electronic devices is hindering the user experience, so the global market needs to address this problem and emerge as the dominant winner globally during the forecast period of 2021-2028.
Direct Carrier Billing (DCB) Market report scope:
Report Attributes |
Details |
Growth Rate |
CAGR of 11.34% from 2022 to 2030. |
By Type |
Limited DCB, Pure DCB, MSISDN Forwarding, Others |
By Application |
Application and Games, Online Media, Others |
By Companies |
Fortumo, Bango.net Limited, DOCOMO Digital, Boku Inc., txtNation Limited, Adpay.net.in., Mobius, TELENITY, ZONG, Networld Media Group, and others |
Regions and Countries Covered |
|
Base Year |
2022 |
Historical Year |
2017 to 2022 |
Forecast Year |
2023 to 2030 |
Key Takeaways from this Direct Carrier Billing (DCB) Report
Frequently Asked Questions-
What is the CAGR of Direct Carrier Billing (DCB) market?
The Direct Carrier Billing (DCB) Market is growing at a CAGR of 11.34% During Forecast Period.
What are the key types of Direct Carrier Billing (DCB) market?
Limited DCB, Pure DCB, MSISDN Forwarding, Others
What are the key applications of Direct Carrier Billing (DCB) market?
Application and Games, Online Media, Others
Who are the key players in Direct Carrier Billing (DCB) market?
Fortumo, Bango.net Limited, DOCOMO Digital, Boku Inc., txtNation Limited, Adpay.net.in., Mobius, TELENITY, ZONG, Networld Media Group, and others