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Direct Carrier Billing Platform Market in the US 2019-2023 | Rising Popularity of Subscription Model of Paid Streaming Services to Boost Growth | Technavio

May 20, 2019
Technavio has published a new market research report on the direct carrier billing platform market in the US from 2019-2023. (Graphic: Business Wire)

LONDON--(BUSINESS WIRE)--May 20, 2019--

The direct carrier billing platform market in the US is expected to post a CAGR of over 14% during the period 2019-2023, according to the latest market research report by Technavio.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190520005361/en/

Technavio has published a new market research report on the direct carrier billing platform market in the US from 2019-2023. (Graphic: Business Wire)

Paid streaming services are one of the prominent revenue-generating domains in the DCB platform market in the US. The adoption of video and audio streaming services is increasing in the US. Netflix, Hulu, Amazon Prime Video, HBO, CBS, Spotify, and Apple Music (audio service offerings) are a few of the prominent choices in the country. The prominent growth driver for the adoption of paid streaming services is the availability of these services in bundled packages by carrier networks. Other factors include declining prices of services, the growing population of the millennials, and availability of content without advertisement. Hence, the increasing popularity of the subscription-based model in paid streaming services will boost the demand for DCB platforms in the US during the forecast period.

As per Technavio, the growth of m-commerce in the US will have a positive impact on the market and contribute to its growth significantly over the forecast period. This direct carrier billing platform market in the US 2019-2023 research report also analyzes other significant trends and market drivers that will affect market growth over 2019-2023.

Direct carrier billing platform market in the US: Growth of m-commerce in the US

The high tablet and smartphone penetration in the US has made m-commerce one of the upcoming growth segments for the DCB platform market in the US. DCB platforms are used in m-commerce for the purchase of physical and digital products and services. From purchasing products on an e-commerce platform to purchasing online tickets for movies or shows, everything can be achieved through these platforms. Customers have to enter their mobile numbers to complete the transaction, and the amount is charged to the prepaid or postpaid connection of consumers. The advantage for consumers using DCB for cellphones purchase or m-commerce is that it significantly reduces the transaction time and also facilitates a more secure transaction. This is because customers do not have to share details such as credit/debit card and CVV numbers. Therefore, the growing preference of DCB in m-commerce and its growth in the US will significantly augment growth during the forecast period.

“Another aspect driving the growth of the DCB platform market in the US market is the increasing use of the DCB payment method in the gaming industry, which includes the gaming market for mobile and consoles in the country. The rising popularity of mobile gaming is one of the prominent market growth drivers. The development of new and advanced games has increased the purchasing volumes of gaming consoles. Users can make payments for gaming applications on their gaming consoles using their mobile numbers. As a result, the adoption rate of the DCB platform in gaming consoles will increase during the forecast period,” says a senior analyst at Technavio.

Direct carrier billing platform market in the US: Segmentation analysis

This market research report segments the direct carrier billing platform market in the US by end-user (apps and games, online media, and others).

The apps and games segment led the market in 2018, followed by online media, and others, respectively. However, during the forecast period, the online media segment is expected to register the highest incremental growth of close to 5%.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190520005361/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD: UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE MOBILE/WIRELESS

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 05/20/2019 09:05 AM/DISC: 05/20/2019 09:05 AM

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