The Latest Direct Carrier Billing Industry Statistics Explained
The global Direct Carrier Billing market size was valued at USD 28.7 billion in 2019.
This statistic represents the total value of transactions processed through the Direct Carrier Billing method worldwide in 2019, amounting to USD 28.7 billion. Direct Carrier Billing allows consumers to make digital purchases by charging the cost directly to their mobile phone bills, with the amount being paid at the end of the billing cycle. The substantial market size of USD 28.7 billion indicates a significant level of adoption and usage of this payment method globally, reflecting the convenience and accessibility it offers to consumers for making online payments without the need for credit cards or traditional payment accounts.
The direct carrier billing market is expected to register a CAGR of 9.47% during the forecast period (2021 – 2026).
This statistic indicates the anticipated compound annual growth rate (CAGR) for the direct carrier billing market over the forecast period from 2021 to 2026. A CAGR of 9.47% suggests that the market is projected to experience a steady annual growth rate of approximately 9.47% over the five-year period. This growth rate reflects the expected increase in the adoption and utilization of direct carrier billing services by consumers and businesses during this time frame, potentially driven by factors such as the growing digital economy, increasing smartphone penetration, and rising demand for convenient payment methods.
Asia-Pacific is anticipated to have the highest growth rate (CAGR of 10.87%) in the Direct Carrier Billing market by 2026.
The statistic that Asia-Pacific is anticipated to have the highest growth rate (compound annual growth rate, CAGR) of 10.87% in the Direct Carrier Billing market by 2026 indicates that this region is expected to experience significant expansion and adoption of this payment method over the specified time period. This growth rate suggests a trend of increasing usage and implementation of Direct Carrier Billing services in the Asia-Pacific market, potentially driven by factors such as a growing population of mobile users, increasing smartphone penetration, and a preference for convenient mobile payment solutions. As a result, businesses operating in this market may want to pay close attention to these developments and consider strategies to capitalize on the opportunities presented by this anticipated growth in the Direct Carrier Billing sector within the Asia-Pacific region.
Over 75% of App Store revenue in Asia consists of payments made through Direct Carrier Billing.
This statistic indicates that a significant majority (over 75%) of revenue generated from mobile applications in the Asia region comes from transactions made using Direct Carrier Billing (DCB) as the payment method. DCB allows users to charge their app purchases or in-app transactions directly to their mobile phone bill, bypassing the need for traditional payment methods like credit cards. The high prevalence of DCB in the App Store revenue suggests that it is a popular and convenient payment option among users in Asia, likely due to factors such as ease of use, accessibility, and the wide availability of mobile devices in the region. This statistic underscores the importance of offering diverse payment options to cater to the preferences and needs of different market segments within the app economy.
Roughly 3.14 billion people are expected to make digital content transactions via Direct Carrier Billing by 2020.
The statistic indicates that approximately 3.14 billion individuals worldwide are projected to engage in digital content transactions using Direct Carrier Billing as a payment method by the year 2020. Direct Carrier Billing enables users to charge purchases to their mobile phone bill, providing a convenient and seamless payment option for various digital content such as apps, games, music, and more. This estimate suggests a significant and growing trend towards utilizing mobile devices as a preferred method for accessing and paying for digital content, reflecting the increasing integration of mobile technology into everyday life and commerce on a global scale.
Revenue up to $13 billion is expected to be generated by Direct Carrier Billing in Western Europe by 2022.
The statistic indicates that the revenue generated through Direct Carrier Billing in Western Europe is projected to reach a significant milestone of $13 billion by the year 2022. Direct Carrier Billing allows consumers to make online purchases and charge them directly to their mobile phone bill, offering a convenient and secure payment method. This forecast highlights the growing popularity and adoption of this payment option in the region, likely driven by the increasing prevalence of smartphones and e-commerce activities. The substantial revenue figure indicates a lucrative market opportunity for businesses utilizing Direct Carrier Billing as a payment solution in Western Europe in the coming years.
In 2019, mobile operators retained less than 10% of direct carrier billing spend.
In 2019, mobile operators retained less than 10% of the total direct carrier billing spend, indicating that a large majority of the payments made through this billing method went to other entities in the payment processing chain. Direct carrier billing allows consumers to make purchases by charging them to their phone bills, with the mobile operator typically taking a percentage of the transaction value as a fee. The fact that mobile operators retained less than 10% suggests that the majority of the revenue generated from direct carrier billing transactions went to third-party service providers, content providers, or other intermediaries involved in the payment ecosystem. This statistic highlights the distribution of revenue in the mobile payment industry and the role of various stakeholders in the process.
The Direct Carrier Billing Platform market is expected to rise to $70.4 billion by 2026.
The statistic suggests that the Direct Carrier Billing Platform market is projected to experience substantial growth, reaching a value of $70.4 billion by the year 2026. This indicates a significant increase in market size and revenue potential within the industry. The growth forecast could be attributed to various factors such as the increasing adoption of mobile devices, expansion of digital content consumption, and the convenience offered by direct carrier billing as a payment method. As such, companies operating in this market may have opportunities for expansion and revenue generation in the coming years.
By 2025, the mobile digital purchase revenue through Direct Carrier Billing is projected to surpass $24 billion in Europe.
The statistic “By 2025, the mobile digital purchase revenue through Direct Carrier Billing is projected to surpass $24 billion in Europe” indicates that the revenue generated from mobile digital purchases facilitated by Direct Carrier Billing in Europe is forecasted to exceed $24 billion by the year 2025. Direct Carrier Billing is a payment method that allows consumers to make purchases and have the charges added to their mobile phone bill, eliminating the need for credit cards or bank accounts. This projection suggests a significant growth in the mobile commerce sector and highlights the increasing popularity and adoption of Direct Carrier Billing, emphasizing its importance as a convenient and secure payment method in the European market.
In 2019, the Direct Carrier Billing adoption rate in Europe was 23.33%.
The statistic stating that the Direct Carrier Billing adoption rate in Europe was 23.33% in 2019 indicates that approximately 23.33% of the population in Europe utilized this particular payment method for their mobile services during that year. Direct Carrier Billing allows users to charge purchases directly to their mobile phone bill, offering a convenient and secure payment option for various services such as digital content, apps, and subscriptions. The 23.33% adoption rate suggests that a significant portion of the European population found this payment method favorable and reliable, showcasing a growing trend towards mobile-based payment solutions in the region.
Only 4% of North America’s consumers used Direct Carrier Billing in 2019.
The statistic “Only 4% of North America’s consumers used Direct Carrier Billing in 2019” indicates that a small proportion of consumers in North America utilized this payment method during that year. Direct Carrier Billing is a payment option that allows consumers to make purchases by charging the cost to their mobile phone bill. The low adoption rate of 4% suggests that this payment method was not widely embraced by consumers in North America in 2019, potentially due to factors such as limited awareness, availability, or perceived convenience compared to other payment options. As a result, businesses and service providers may need to assess the reasons for this low usage and consider strategies to increase adoption if they aim to leverage Direct Carrier Billing as a payment solution in the region.
In 2020, North America held the largest direct carrier billing market share, accounting for more than one-third of the total market.
The statistic indicates that in 2020, North America had the highest market share in direct carrier billing, with a share of more than one-third of the total market. This suggests that North America played a dominant role in the direct carrier billing industry compared to other regions globally. This could be due to factors such as a higher adoption rate of mobile payment technologies, a large population with access to mobile devices, and a developed telecommunications infrastructure. The significance of North America’s market share in direct carrier billing emphasizes its importance as a key contributor to the overall industry landscape and highlights the region’s leadership in implementing and utilizing this billing method in the digital economy.
Globally, the Direct Carrier Billing penetration rate is 75% in the under 24 age group.
The statistic indicates that 75% of individuals under 24 years of age worldwide have access to Direct Carrier Billing as a payment method. Direct Carrier Billing is a form of payment where charges are added to the user’s mobile phone bill, making it a convenient method for making purchases, especially for individuals who may not have access to traditional banking methods or credit cards. The high penetration rate of 75% suggests that this payment method is widely utilized and accessible among the younger population, highlighting its popularity and convenience within this age group on a global scale.
Conclusion
The statistics discussed in this blog post highlight the immense growth and potential of the Direct Carrier Billing industry. As more consumers and businesses look for convenient and secure payment solutions, DCB offers a promising avenue for monetization and revenue generation. By leveraging these insights and trends, stakeholders in the industry can make informed decisions to drive further innovation and success.
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