"UK Financial Services in 2020" is now available at Fast Market Research

April 18, 2011 - PRLog -- Introduction

Datamonitor identifies the defining force of the next decade to be the consumer. Empowered and better informed consumers will have tougher demands towards all FS products and services. Instant information and the advancement of technology will only increase the need for consumer centric strategies. At the same time austerity measures and a lack of confidence in FS brings new fears and challenges.

Features and benefits

* Prepare for the demands of consumers in 2020 by understanding the consumer trends which will emerge over the next decade.
* Stay ahead of the pack by learning what steps can be taken now to adapt to evolving consumer priorities.
* Adapt to new consumer demands by understanding the effects that the big changes of the recession and ensuing spending cuts will have on UK consumers.

Highlights

For providers to compete successfully in 2020 they will have to use consumers' personal information effectively to create adaptable and tailored products. Personalization will be a key trend, however, providers will have to ensure that consumers' personal information is kept safely as data losses will result in significant brand damage.
The spending cuts implemented to cut the Government's budget deficit will affect all consumers. FS providers will have an opportunity to fill the gaps left in public services. An increased uptake of products including healthcare cash plans and child saving products will be seen as consumers become increasingly self-reliant.
Mobile banking will start to replace the online channel as the functionality of mobile phones continues to grow and consumers become increasingly dependent on their phones. Contactless technology in phones will be commonplace, with mobile payments starting to replace cash and card payments.

Your key questions answered

* What will the financial services sector in the UK look like in 2020?
* How will emerging consumer trends shape the FS sector and how can FS providers start targeting these now?
* What threats and opportunities will present themselves in the coming decade?
* What effect will factors including the austerity measures and technological advances have on consumer demands?


For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/149215_uk_financial_services_i...


Report Table of Contents:

DATAMONITOR VIEW
SUMMARY
UK FINANCIAL SERVICES IN
Presentation content
Keywords
APPENDIX
Methodology
Datamonitor consulting
Disclaimer

About Datamonitor

The Datamonitor Group is a world-leading provider of premium global business information, delivering independent data, analysis and opinion across the Automotive, Consumer Markets, Energy & Utilities, Financial Services, Logistics & Express, Pharmaceutical & Healthcare, Retail, Technology and Telecoms industries. Datamonitor's market intelligence products and services ensure that you will achieve your desired commercial goals by giving you the insight you need to best respond to your competitive environment.  View more research from Datamonitor at http://www.fastmr.com/catalog/publishers.aspx?pubid=1002

About Fast Market Research

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For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

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Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.