Direct carrier billing (DCB) is a fast-growing e-payment system. Its high compatibility with smartphones is favouring its rapid adoption. As per the report published by Market Research Future (MRFR), the global direct carrier billing (DCB) market is set to exhibit a healthy growth during the projection period (2018-2023).
DCB is gaining momentum across different digital platform right from on-demand content to e-commerce. Over the years, DCB has witnessed significant expansion in applicability. The technology is currently used in purchasing products and services through multiple modes, which include smart TVs, gaming consoles, smartphones, and computers. Unlike other mobile payment methods such as NFC solutions and mobile wallets, direct carrier billing does not require a banking infrastructure to process transaction. Its user-friendly attributes are driving the popularity among the masses, especially is developing countries.
Services providers are focusing on making DCB more dynamic by in allowing third party platforms to connect with random Mobile Network Operators (MNO) using a single interface. DCB holds tremendous potentials and technology companies are expected leverage the technology in the forthcoming years. For instance, Microsoft and Google has already initiated direct carrier billing in many of the markets they operate in.
DCB has high usability for individuals who are unable to effectively access traditional banking services. This is more notable for the developing world where banking sector remains in a poor status. There has been a significant rise in smartphone users across the global, which creating attractive market opportunities. On the flipside, factor such as complicated taxation laws and lack of effective policies in developing countries somewhat undermine the market prospects.
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The segmental analysis of the market has been conducted on the basis of component, feature, type, authentication type and platform.
On the basis of component, the market has been segmented into services, software and hardware. The services segment covers managed and profession services. On the basis of feature, the market has been segmented into mobile originated & mobile terminated, PIN defined, pre-defined window and others. On the basis of type, the market has been segmented into PIN or MO Base Window, MSISDN Forwarding, Limited DCB, Pure DCB and others. On the basis of authentication type, the market has been segmented into two-factor authentication and single-factor authentication. On the basis of platform, the market has been segmented into iOS, Android and Windows.
North America, Asia Pacific (APAC), Europe, the Middle East & Africa (MEA), and Latin America are among the key regions covered in the report. It is projected that Europe will continue to dominate the global direct carrier billing (DCB) market throughout forecast period. This is mainly owing to implementation of stricter payment service laws. The European Commission remains mindful of the increased issues of digital payment forgery and thereby is taking precautionary measures. Europe is followed by North America. The market in APAC is also expected to exhibit a strong growth over the next couple of years. Countries such as China and India are witnessing robust internet penetration, which has bolstered e-payment systems in these countries. This is supporting the market growth in APAC.
Some of the leading companies discussed in MRFR’s report include Bango, Singtel, T-Mobile, DIMOCO, Orange, NTT DoCoMo, Bell Canada, Telenor, Swisscom, AT&T, Boku, and Fortumo. Many market players are engaging in product innovation by investing in research and development activities. Players are striving the achieve a higher feat by introducing innovative products with low-cost offerings. Also, mergers and acquisitions have emerge as a prominent industry trend as companies look to consolidate their market position by adoption such strategies.
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