The Europe Video Banking Service Market would witness market growth of 12.1% CAGR during the forecast period (2023-2030).
The market is growing due to the banking industry's accelerated automation. With the assistance of automation, banking institutions enable their employees to work more efficiently and concentrate on other essential tasks by eliminating repetitive and laborious tasks. Furthermore, personalized banking services for consumers and the rapid expansion of digital banking services propel market growth. Also, technological advancements in the banking industry present substantial growth opportunities for the market.
Additionally, consumers may use a laptop, tablet, or smartphone at home to communicate via virtual banking services with their bank. A client is connected to a financier or financial advisor via live video technology. Further, video banking can improve the effectiveness of banking operations by allowing bank representatives to manage multiple customer interactions simultaneously and by streamlining the completion of certain tasks, such as account opening or loan application. Furthermore, video banking can offer clients a more secure way of interacting with their bank, as sensitive information can be transmitted, stored securely, and encrypted.
According to the International Trade Administration, Germany's universal banking system enables more than 1,679 banks, savings banks, and a network of 25,800 branches to accept customer deposits, issue loans, and trade securities. Various credit instruments are available at market-determined rates to domestic and international investors. In the past, the traditional German system of cross-shareholding between banks and industry and a high rate of bank borrowing relative to equity financing enabled German banks to exert considerable influence over the industry. The combination of Germany's universal banking system and the adoption of these services has provided customers with more options for accessing financial services, improving customer engagement, and streamlining operations for banks. The growth of video banking services aligns with customers' evolving needs and expectations in the German banking industry.
The Germany market dominated the Europe Video Banking Service Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $11,130.6 million by 2030. The UK market is experiencing a CAGR of 11.1% during (2023 - 2030). Additionally, The France market would exhibit a CAGR of 13% during (2023 - 2030).
Based on Application, the market is segmented into Banks, Credit Union, and Others. Based on Component, the market is segmented into Solution, and Services. Based on Deployment Mode, the market is segmented into On-Premise, and Cloud. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Video Banking Service Market will Hit $172.3 Billion by 2030, at a CAGR of 12.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include AU Small Finance Bank Limited, Barclays PLC, Glia Technologies, Inc., STAR Financial Bank (STAR Financial Group, Inc.), NatWest Group Plc, Guaranty Trust Bank Limited, StonehamBank, U.S. Bank, Cisco Systems, Inc., and Vidyard.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Banks
- Credit Union
- Others
By Component
By Deployment Mode
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- AU Small Finance Bank Limited
- Barclays PLC
- Glia Technologies, Inc.
- STAR Financial Bank (STAR Financial Group, Inc.)
- NatWest Group Plc
- Guaranty Trust Bank Limited
- StonehamBank
- U.S. Bank
- Cisco Systems, Inc.
- Vidyard
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Video Banking Service Market, by Application
1.4.2 Europe Video Banking Service Market, by Component
1.4.3 Europe Video Banking Service Market, by Deployment Mode
1.4.4 Europe Video Banking Service Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements : 2021, Sep – 2023, Sep) Leading Players
4.4 Porter’s Five Forces Analysis
Chapter 5. Europe Video Banking Service Market, By Application
5.1 Europe Banks Market, By Country
5.2 Europe Credit Union Market, By Country
5.3 Europe Others Market, By Country
Chapter 6. Europe Video Banking Service Market, By Component
6.1 Europe Solution Market, By Country
6.2 Europe Services Market, By Country
Chapter 7. Europe Video Banking Service Market, By Deployment Mode
7.1 Europe On-Premise Market, By Country
7.2 Europe Cloud Market, By Country
Chapter 8. Europe Video Banking Service Market, By Country
8.1 Germany Video Banking Service Market
8.1.1 Germany Video Banking Service Market, By Application
8.1.2 Germany Video Banking Service Market, By Component
8.1.3 Germany Video Banking Service Market, By Deployment Mode
8.2 UK Video Banking Service Market
8.2.1 UK Video Banking Service Market, By Application
8.2.2 UK Video Banking Service Market, By Component
8.2.3 UK Video Banking Service Market, By Deployment Mode
8.3 France Video Banking Service Market
8.3.1 France Video Banking Service Market, By Application
8.3.2 France Video Banking Service Market, By Component
8.3.3 France Video Banking Service Market, By Deployment Mode
8.4 Russia Video Banking Service Market
8.4.1 Russia Video Banking Service Market, By Application
8.4.2 Russia Video Banking Service Market, By Component
8.4.3 Russia Video Banking Service Market, By Deployment Mode
8.5 Spain Video Banking Service Market
8.5.1 Spain Video Banking Service Market, By Application
8.5.2 Spain Video Banking Service Market, By Component
8.5.3 Spain Video Banking Service Market, By Deployment Mode
8.6 Italy Video Banking Service Market
8.6.1 Italy Video Banking Service Market, By Application
8.6.2 Italy Video Banking Service Market, By Component
8.6.3 Italy Video Banking Service Market, By Deployment Mode
8.7 Rest of Europe Video Banking Service Market
8.7.1 Rest of Europe Video Banking Service Market, By Application
8.7.2 Rest of Europe Video Banking Service Market, By Component
8.7.3 Rest of Europe Video Banking Service Market, By Deployment Mode
Chapter 9. Company Profiles
9.1 AU Small Finance Bank Limited
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Recent strategies and developments:
9.1.4.1 Partnerships, Collaborations, and Agreements:
9.1.4.2 Product Launches and Product Expansions:
9.1.4.3 Acquisition and Mergers:
9.1.5 SWOT Analysis
9.2 Barclays PLC
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Recent strategies and developments:
9.2.4.1 Partnerships, Collaborations, and Agreements:
9.2.4.2 Product Launches and Product Expansions:
9.2.5 SWOT Analysis
9.3 Glia Technologies, Inc.
9.3.1 Company Overview
9.3.2 Recent strategies and developments:
9.3.2.1 Partnerships, Collaborations, and Agreements:
9.3.3 SWOT Analysis
9.4 STAR Financial Bank (STAR Financial Group, Inc.)
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 SWOT Analysis
9.5 Natwest Group plc
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Recent strategies and developments:
9.5.4.1 Partnerships, Collaborations, and Agreements:
9.5.4.2 Product Launches and Product Expansions:
9.5.5 SWOT Analysis
9.6 Guaranty Trust Bank Limited
9.6.1 Company Overview
9.6.2 Recent strategies and developments:
9.6.2.1 Partnerships, Collaborations, and Agreements:
9.6.3 SWOT Analysis
9.7 StonehamBank
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 SWOT Analysis
9.8 U.S. Bank
9.8.1 Company Overview
9.8.2 Recent strategies and developments:
9.8.2.1 Product Launches and Product Expansions:
9.8.3 SWOT Analysis
9.9 Cisco Systems, Inc.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Regional Analysis
9.9.4 Research & Development Expense
9.9.5 Recent strategies and developments:
9.9.5.1 Partnerships, Collaborations, and Agreements:
9.9.5.2 Product Launches and Product Expansions:
9.9.5.3 Acquisition and Mergers:
9.9.6 SWOT Analysis
9.10. Vidyard
9.10.1 Company Overview
9.10.2 SWOT Analysis
TABLE 1 Europe Video Banking Service Market, 2019 - 2022, USD Million
TABLE 2 Europe Video Banking Service Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Video Banking Service Market
TABLE 4 Product Launches And Product Expansions– Video Banking Service Market
TABLE 5 Acquisition and Mergers– Video Banking Service Market
TABLE 6 Europe Video Banking Service Market, By Application, 2019 - 2022, USD Million
TABLE 7 Europe Video Banking Service Market, By Application, 2023 - 2030, USD Million
TABLE 8 Europe Banks Market, By Country, 2019 - 2022, USD Million
TABLE 9 Europe Banks Market, By Country, 2023 - 2030, USD Million
TABLE 10 Europe Credit Union Market, By Country, 2019 - 2022, USD Million
TABLE 11 Europe Credit Union Market, By Country, 2023 - 2030, USD Million
TABLE 12 Europe Others Market, By Country, 2019 - 2022, USD Million
TABLE 13 Europe Others Market, By Country, 2023 - 2030, USD Million
TABLE 14 Europe Video Banking Service Market, By Component, 2019 - 2022, USD Million
TABLE 15 Europe Video Banking Service Market, By Component, 2023 - 2030, USD Million
TABLE 16 Europe Solution Market, By Country, 2019 - 2022, USD Million
TABLE 17 Europe Solution Market, By Country, 2023 - 2030, USD Million
TABLE 18 Europe Services Market, By Country, 2019 - 2022, USD Million
TABLE 19 Europe Services Market, By Country, 2023 - 2030, USD Million
TABLE 20 Europe Video Banking Service Market, By Deployment Mode, 2019 - 2022, USD Million
TABLE 21 Europe Video Banking Service Market, By Deployment Mode, 2023 - 2030, USD Million
TABLE 22 Europe On-Premise Market, By Country, 2019 - 2022, USD Million
TABLE 23 Europe On-Premise Market, By Country, 2023 - 2030, USD Million
TABLE 24 Europe Cloud Market, By Country, 2019 - 2022, USD Million
TABLE 25 Europe Cloud Market, By Country, 2023 - 2030, USD Million
TABLE 26 Europe Video Banking Service Market, By Country, 2019 - 2022, USD Million
TABLE 27 Europe Video Banking Service Market, By Country, 2023 - 2030, USD Million
TABLE 28 Germany Video Banking Service Market, 2019 - 2022, USD Million
TABLE 29 Germany Video Banking Service Market, 2023 - 2030, USD Million
TABLE 30 Germany Video Banking Service Market, By Application, 2019 - 2022, USD Million
TABLE 31 Germany Video Banking Service Market, By Application, 2023 - 2030, USD Million
TABLE 32 Germany Video Banking Service Market, By Component, 2019 - 2022, USD Million
TABLE 33 Germany Video Banking Service Market, By Component, 2023 - 2030, USD Million
TABLE 34 Germany Video Banking Service Market, By Deployment Mode, 2019 - 2022, USD Million
TABLE 35 Germany Video Banking Service Market, By Deployment Mode, 2023 - 2030, USD Million
TABLE 36 UK Video Banking Service Market, 2019 - 2022, USD Million
TABLE 37 UK Video Banking Service Market, 2023 - 2030, USD Million
TABLE 38 UK Video Banking Service Market, By Application, 2019 - 2022, USD Million
TABLE 39 UK Video Banking Service Market, By Application, 2023 - 2030, USD Million
TABLE 40 UK Video Banking Service Market, By Component, 2019 - 2022, USD Million
TABLE 41 UK Video Banking Service Market, By Component, 2023 - 2030, USD Million
TABLE 42 UK Video Banking Service Market, By Deployment Mode, 2019 - 2022, USD Million
TABLE 43 UK Video Banking Service Market, By Deployment Mode, 2023 - 2030, USD Million
TABLE 44 France Video Banking Service Market, 2019 - 2022, USD Million
TABLE 45 France Video Banking Service Market, 2023 - 2030, USD Million
TABLE 46 France Video Banking Service Market, By Application, 2019 - 2022, USD Million
TABLE 47 France Video Banking Service Market, By Application, 2023 - 2030, USD Million
TABLE 48 France Video Banking Service Market, By Component, 2019 - 2022, USD Million
TABLE 49 France Video Banking Service Market, By Component, 2023 - 2030, USD Million
TABLE 50 France Video Banking Service Market, By Deployment Mode, 2019 - 2022, USD Million
TABLE 51 France Video Banking Service Market, By Deployment Mode, 2023 - 2030, USD Million
TABLE 52 Russia Video Banking Service Market, 2019 - 2022, USD Million
TABLE 53 Russia Video Banking Service Market, 2023 - 2030, USD Million
TABLE 54 Russia Video Banking Service Market, By Application, 2019 - 2022, USD Million
TABLE 55 Russia Video Banking Service Market, By Application, 2023 - 2030, USD Million
TABLE 56 Russia Video Banking Service Market, By Component, 2019 - 2022, USD Million
TABLE 57 Russia Video Banking Service Market, By Component, 2023 - 2030, USD Million
TABLE 58 Russia Video Banking Service Market, By Deployment Mode, 2019 - 2022, USD Million
TABLE 59 Russia Video Banking Service Market, By Deployment Mode, 2023 - 2030, USD Million
TABLE 60 Spain Video Banking Service Market, 2019 - 2022, USD Million
TABLE 61 Spain Video Banking Service Market, 2023 - 2030, USD Million
TABLE 62 Spain Video Banking Service Market, By Application, 2019 - 2022, USD Million
TABLE 63 Spain Video Banking Service Market, By Application, 2023 - 2030, USD Million
TABLE 64 Spain Video Banking Service Market, By Component, 2019 - 2022, USD Million
TABLE 65 Spain Video Banking Service Market, By Component, 2023 - 2030, USD Million
TABLE 66 Spain Video Banking Service Market, By Deployment Mode, 2019 - 2022, USD Million
TABLE 67 Spain Video Banking Service Market, By Deployment Mode, 2023 - 2030, USD Million
TABLE 68 Italy Video Banking Service Market, 2019 - 2022, USD Million
TABLE 69 Italy Video Banking Service Market, 2023 - 2030, USD Million
TABLE 70 Italy Video Banking Service Market, By Application, 2019 - 2022, USD Million
TABLE 71 Italy Video Banking Service Market, By Application, 2023 - 2030, USD Million
TABLE 72 Italy Video Banking Service Market, By Component, 2019 - 2022, USD Million
TABLE 73 Italy Video Banking Service Market, By Component, 2023 - 2030, USD Million
TABLE 74 Italy Video Banking Service Market, By Deployment Mode, 2019 - 2022, USD Million
TABLE 75 Italy Video Banking Service Market, By Deployment Mode, 2023 - 2030, USD Million
TABLE 76 Rest of Europe Video Banking Service Market, 2019 - 2022, USD Million
TABLE 77 Rest of Europe Video Banking Service Market, 2023 - 2030, USD Million
TABLE 78 Rest of Europe Video Banking Service Market, By Application, 2019 - 2022, USD Million
TABLE 79 Rest of Europe Video Banking Service Market, By Application, 2023 - 2030, USD Million
TABLE 80 Rest of Europe Video Banking Service Market, By Component, 2019 - 2022, USD Million
TABLE 81 Rest of Europe Video Banking Service Market, By Component, 2023 - 2030, USD Million
TABLE 82 Rest of Europe Video Banking Service Market, By Deployment Mode, 2019 - 2022, USD Million
TABLE 83 Rest of Europe Video Banking Service Market, By Deployment Mode, 2023 - 2030, USD Million
TABLE 84 Key Information – AU Small Finance Bank Limited
TABLE 85 Key Information – Barclays PLC
TABLE 86 Key Information – Glia Technologies Inc.
TABLE 87 Key Information – STAR Financial Bank
TABLE 88 Key Information – Natwest Group plc
TABLE 89 Key Information – Guaranty Trust Bank Limited
TABLE 90 Key Information – StonehamBank
TABLE 91 Key Information – U.S. Bank
TABLE 92 Key Information – Cisco Systems, Inc.
TABLE 93 Key Information – Vidyard
List of Figures
FIG 1 Methodology for the research
FIG 2 Europe Video Banking Service Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting video banking service market
FIG 4 KBV Cardinal Matrix
FIG 5 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 6 Key Strategic Move: (Partnerships, Collaborations & Agreements : 2021, Sep – 2023, Sep) Leading Players
FIG 7 Porter’s Five Forces Analysis - Video Banking Service Market
FIG 8 Europe Video Banking Service Market share, By Application, 2022
FIG 9 Europe Video Banking Service Market share, By Application, 2030
FIG 10 Europe Video Banking Service Market, By Application, 2019 - 2030, USD Million
FIG 11 Europe Video Banking Service Market share, By Component, 2022
FIG 12 Europe Video Banking Service Market share, By Component, 2030
FIG 13 Europe Video Banking Service Market, By Component, 2019 - 2030, USD Million
FIG 14 Europe Video Banking Service Market share, By Deployment Mode, 2022
FIG 15 Europe Video Banking Service Market share, By Deployment Mode, 2030
FIG 16 Europe Video Banking Service Market, By Deployment Mode, 2019 - 2030, USD Million
FIG 17 Europe Video Banking Service Market share, By Country, 2022
FIG 18 Europe Video Banking Service Market share, By Country, 2030
FIG 19 Europe Video Banking Service Market, By Country, 2019 - 2030, USD Million
FIG 20 Recent strategies and developments: AU Small Finance Bank Limited
FIG 21 SWOT Analysis: AU Small Finance Bank Limited
FIG 22 Recent strategies and developments: Barclays PLC
FIG 23 SWOT Analysis: Barclays PLC
FIG 24 SWOT Analysis: Glia Technologies Inc
FIG 25 SWOT Analysis: STAR Financial Bank
FIG 26 Recent strategies and developments: NatWest Group Plc
FIG 27 SWOT Analysis: NatWest Group Plc
FIG 28 SWOT Analysis: Guaranty Trust Bank Limited
FIG 29 SWOT Analysis: StonehamBank
FIG 30 SWOT Analysis: U.S. Bank
FIG 31 Recent strategies and developments: CISCO SYSTEMS, INC.
FIG 32 SWOT Analysis: Cisco Systems, Inc.
FIG 33 SWOT Analysis: Vidyard