Usage of Internet Channel in Western Europe Financial Services, Forecast and

Usage of Internet Channel in Western Europe Financial Services, Forecast and Analysis, 2003-2008

Product Type: Market Research Report
Published by: IDC
Published: September 2004
Product Code: R104-17311

Description

This IDC document analyzes online banking and trading opportunities in Western Europe and their evolution over the next five years, examining the dynamics of major European countries and the adoption of an increasingly advanced multichannel approach. It provides a useful set of market forecasts and insights. This research is appropriate for:

IT and software vendors that are targeting or intending to target European financial institutions that have implemented or plan to implement an online banking and share dealing offering European financial companies and Web based players that aim to build the right mix of applications and marketing levers to spur additional uptake of their Web banking services Western Europe and the following countries: France, Germany, Italy, Spain, Sweden, and the U.K.

This IDC study provides:

A detailed overview of the online banking and brokerage market in Western Europe and the perspectives for this channel in terms of adoption and best competitive practices A group of IDC recommendations with a focus on strategic evolution and IT requirements of European online financial services firms in the short to medium term

"The number of online banking accounts will continue to have double digit growth rates over the next two years, and the major opportunities for this business will be concentrated in Italy, Spain, and the U.K.," said Mirko Corbetta, research analyst for IDC's European IT Opportunity: Financial Services research service. "The e-investing business maintains its positive trend even if its future growth rates will be slightly lower than home banking forecasts. European countries with the highest growth rates will include Spain and the U.K. Over the next five years, online banking will gain relevance in the IT spending of European banks because the multichannel approach will be a compulsory requirement. The Internet will have a key role through multichannel integration and it will have to be optimized considering at the same time all other existing channels. Real-time integration will be an important challenge for European banking players that have added the online channel to their more traditional channels."

Table of Contents

Table of Contents
IDC Opinion
In This Study
Methodology
Executive Summary
Situation Overview
The General Framework
Figure: Web Penetration in Western Europe Financial Services
Figure: Strategies and Plans of European Banks to Implement Multichannel Approach
Figure: Growth Rates of Online Banking Accounts of Top 10 Players, 2000?2003
Figure: Growth Rates of Online Trading Accounts of Top 10 Players, 2000?2003
The Country Level
France
Germany
Italy
Spain
Sweden
U.K.
Future Outlook
Western European Overview
Table: Western European eBanking Forecast, 2003-2008
Figure: Western European eBanking Forecast, 2003?2008
Table: Western European eInvesting Forecast, 2003-2008
Figure: Western European eInvesting Forecast, 2003?2008
Forecast and Assumptions
Table: Key Forecast Assumptions for the Western European eFinance 2003-2007
Country Level Analysis
France
Table: French eBanking Forecast, 2003-2008
Figure: French eBanking Forecast, 2003?2008
Table: French eInvesting Forecast, 2003-2008
Figure: French eInvesting Forecast, 2003?2008
Germany
Table: German eBanking Forecast, 2003-2008
Figure: German eBanking Forecast, 2003?2008
Table: German eInvesting Forecast, 2003-2008
Figure: German eInvesting Forecast, 2003?2008
Italy
Table: Italian eBanking Forecast, 2003-2008
Figure: Italian eBanking Forecast, 2003?2008
Table: Italian eInvesting Forecast, 2003-2008
Figure: Italian eInvesting Forecast, 2003?2008
Spain
Table: Spanish eBanking Forecast, 2003-2008
Figure: Spanish eBanking Forecast, 2003?2008
Table: Spanish eInvesting Forecast, 2003-2008
Figure: Spanish eInvesting Forecast, 2003?2008
Sweden
Table: Swedish eBanking Forecast, 2003-2008
Figure: Swedish eBanking Forecast, 2003?2008
Table: Swedish eInvesting Forecast, 2003-2008
Figure: Swedish eInvesting Forecast, 2003?2008
The U.K.
Table: British eBanking Forecast, 2003-2008
Figure: British eBanking Forecast, 2003?2008
Table: British eInvesting Forecast, 2003-2008
Figure: British eInvesting Forecast, 2003?2008
Essential Guidance
Figure: Top 6 Countries Versus the Rest of Western Europe eBanking Forecast, 2003?2008
Figure: Top 6 Countries Versus the Rest of Western Europe eInvesting Forecast, 2003?2008
Figure: eBanking Growth Versus eInvesting Growth in Western Europe
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