This will be key for carrier billing platforms and service providers over the next four years.
According to a new study by Juniper Research, spending (purchases) involving mobile subscription billing will reach $122 billion by 2027, a huge increase from $70 billion in 2023. The 74 percent growth over the next four years will be facilitated by the fact that invoicing covers physical goods and ticket sales in addition to content.
The report evaluates the key verticals of digital content, physical goods and services and ranks carrier billing spending in 2027 as follows:
1. Digital games (34%)
2. Digital videos (25%)
3. Physical goods (21%)
4. Ticket sales (7%)
5. Digital music (6%)
6. Other (7%)
Carrier billing is a mobile payment method that allows users to make purchases with payments debited to their mobile phone service provider’s account. The solution is extremely effective. For example, such an invoicing solution increases ticketing expenses by more than 200 percent.
While digital games and video will account for nearly 60 percent of global carrier billing spending by 2027, the report identified digital ticketing as the fastest growing area. This will be key for carrier billing platforms and service providers over the next four years. He found that MaaS (Mobility-as-a-Service) subscription platforms will be an important driver of growth.
The author of the report, Michael Greenwood, explained:
“Carrier billing platforms and operators should look to partner with emerging delivery solutions such as multimodal delivery. A subscription-based service is ideally suited for carrier billing as the recurring nature of spend aligns with mobile bill payments.”
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