TECH COMPANIES IN FINANCIAL SERVICES: How Apple, Amazon, and Google are taking financial services by storm
This is a preview of the TECH COMPANIES IN FINANCIAL SERVICES research report from Business Insider Intelligence. 14-Day Risk Free Trial: Get full access to this and all Payments industry research reports.
Tech giants are set to grab up to 40% of the $1.35 trillion in US financial services revenue from incumbent banks, per McKinsey. Three of the largest US tech companies — Apple, Google, and Amazon — are particularly encroaching on financial services and threatening incumbents with their size and ability to attract massive, loyal user bases.
Apple is deepening its financial services play as a means of invigorating revenue, and its expertise could make it a legitimate threat to legacy players. Google's platform-agnostic approach, wide international penetration, and top talent position it as a hub with unrivaled global reach beyond just consumer payments. And Amazon — which has eaten up market share in every industry it's touched, and now has its sights on financial services — could swiftly undercut legacy players. In The Tech Companies In Financial Services report, Business Insider Intelligence will examine the moves that Apple, Google, and Amazon are making to gain a larger foothold in the global financial services industry. We will then detail each tech company's threat to incumbents and outline potential next steps based on their existing moves in the financial services sphere. The companies mentioned in the report include: Apple, Amazon, Google, Goldman Sachs, Mastercard, Barclaycard, Citi, Chase, Capital One, Paytm, and PhonePe. Here are some key takeaways from the report:
Apple's expertise in consumer-facing tech products makes it a legitimate threat to legacy players. Its next move could be a debit card or PFM app, both of which would be cohesive with its existing offerings. Google's money movement and commerce services form a payments hub with unrivaled global reach. Google could pursue global expansion by modifying its offerings in other markets like it did in India, pursuing Europe, and even delving into digital remittances. Amazon is an expert disruptor — and it has its sights set on the financial services industry next. Amazon could develop checking and savings accounts, bring Amazon Pay in-store, and white-label its Amazon Go store technology to deepen its financial services footprint.
In full, the report:
Outlines the threat posed by Apple, Amazon, and Google to legacy financial players. Identifies each tech giant's strengths, weaknesses, opportunities, and threats moving further into financial services. Discusses each company's moves in financial services and their anticipated next steps in the space.
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THE SVOD SHAKEOUT REPORT: A massive media shakeout is on the horizon — here are the key trends, players, and how we think it will play out
This is a preview of THE SVOD SHAKEOUT research report from Business Insider Intelligence. Purchase this...This is a preview of THE SVOD SHAKEOUT research report from Business Insider Intelligence. Purchase this report. To check to see if you already have access to Business Insider Intelligence through your company, click here. The streaming wars — the high-stakes competition among media and tech giants to attract subscribers or users to their streaming video services — have officially begun. In the space of nine months between November 2019 and July 2020, four major subscription video services will have come to market from traditional US media companies and tech giants, with Disney, AT&T/WarnerMedia, and Comcast/NBCUniversal (NBCU) each having launched its own major branded streaming service: Disney+, HBO Max, and Peacock, respectively. And the increasingly services-oriented tech giant Apple entered the fray with the launch of Apple TV+ in November 2019. Along with existing players like Netflix, Amazon Prime Video, Hulu, and countless niche SVOD services, subscribers will be harder to attract than ever. As consumers determine their preferred household entertainment mixes, a few dominant platforms will emerge as winners in the eventual shakeout — and the companies that win will likely be rewarded with stable positions in consumer households over the long term. The rise of streaming services has helped generate a flood of easy-to-access, high-quality content, but it has also caused market fragmentation that could confuse and fatigue consumers. In this crowded field, achieving primacy in consumer households will become a growing imperative, as consumers limit the number of subscriptions they maintain and how much they're willing to pay for them. In The SVOD Shakeout Report, Business Insider Intelligence details how each new-to-market streaming video service is positioning itself and predicts how services will fare in the SVOD shakeout to come. The companies mentioned in this report are: 21st Century Fox, AT&T, Amazon, Apple, Charter Communications, Comcast, DirecTV, Discovery Inc., Epic Games, Facebook, Google, Hulu, Lucasfilm, Marvel, NBCUniversal, Netflix, Pixar, Pluto TV, Quibi, Roku, Scripps Networks Interactive, Sony, The Walt Disney Co., Twitter, Verizon, ViacomCBS, WarnerMedia, WndrCo., YouTube. Here are a few key takeaways from the report: While the average streaming household is willing to subscribe to more than one service, there's likely to be a ceiling on the number of subscriptions a given household will pay for — and how much each will pay. In the US, SVOD subs average 2.8 services, per Ampere Analysis, or 3.4, according to Vindicia. Further, three-quarters (75%) of Americans aren't willing to pay more than $30 a month for streaming TV services, per The Trade Desk/YouGov. As appealing new services come to market, it's possible that households will expand their SVOD budgets to add new services — but they could also choose to cut existing subscriptions. Nearly two-thirds (64%) of US respondents who intend on subscribing to new a new video service from among new entrants said they would terminate or downgrade one or more of their existing subscriptions in order to make room for a new one, per PwC. In the battles over consumer attention and subscription dollars, content, and talent, each new-to-market service has its own strengths and weaknesses. For example, we expect Disney+ to rapidly grow subscribers thanks to its globally recognizable IP, rapid international expansion, ability to bundle domestically with Hulu and ESPN+, and cross-ecosystem marketing synergies. In full, the report: Analyzes the market forces that have led traditional media and distribution to direct-to-consumer (DTC) streaming and how those forces have radically reshaped the landscape. Discusses why the transition to DTC is a necessary risk for legacy players, and why it's a less risky proposition for tech giants. Identifies the key market challenges for all SVOD services on the market, the approaches aimed at mitigating those challenges, and the primary attributes of successful services. Examines the go-to-market strategies for new-to-market streaming services and how each is positioned, presenting the dominant advantages and potential challenges of Disney+, HBO Max, Apple TV+, and Peacock. Predicts how major services will fare in the streaming wars and expected shakeout to come, including for the aforementioned new entrants and streaming incumbents Netflix, Amazon Prime Video, and Hulu. Contains 71 pages and 38 figures. Interested in getting the full report? Here's how to get access: Purchase & download the full report from our research store. >> Purchase & Download Now Check to see if you already have access to Business Insider Intelligence through your company, or inquire about access if you don't. >> Check If You Have Enterprise Access Current subscribers can read the report here. Join the conversation about this story »
BIG TECH IN HEALTHCARE: Here's who wins and loses as Alphabet, Amazon, Apple, and Microsoft hone in on niche sectors of healthcare
This is a preview of The Big Tech in Healthcare research report from Business Insider Intelligence....This is a preview of The Big Tech in Healthcare research report from Business Insider Intelligence. Purchase this report. Business Insider Intelligence offers even more technology coverage with Connectivity & Tech Pro. Subscribe today to receive industry-changing connectivity news and analysis to your inbox. The Big Four tech companies — Alphabet, Amazon, Apple, and Microsoft — are accelerating their pursuit of the healthcare market, and they're starting to hone their strategies in on specific corners of the ecosystem. US healthcare players are being forced to move on their digital transformation efforts, and Alphabet, Amazon, Apple, and Microsoft are lending their data prowess and tech-savviness to become attractive partners for the job. 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We outline how their healthcare plays are causing a tidal change throughout the healthcare industry, examining how each player benefits and threatens healthcare incumbents. Finally, we lay out the barriers holding the Big Four back from reaching their full potential in healthcare. 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Amazon's prescription delivery play has traditional pharmacies looking for ways to retain their customer bases, for instance, and Alphabet is building an ecosystem that we think could put it at odds with top dogs in the EHR industry. And their inroads into the healthcare space may be stymied by consumers' meager trust in tech companies handling their health information as well as a rampant cybersecurity crisis that could have healthcare firms holding off on tech investments. In full, the report: Provides an overview of Alphabet's, Amazon's, Apple's, and Microsoft's most prominent healthcare projects and plans. Highlights the persistent gaps in the US healthcare system that provide these companies and their cutting-edge technologies with entryways into the industry. Identifies the incumbent healthcare players that will benefit from and be threatened by big tech companies' foray into healthcare. Outlines the barriers that are still in place that are stifling tech giants' dive into the health space. Want to learn more about the fast-moving world of digital health? Here's how to get access: Purchase & download the full report from our research store. >> Purchase & Download Now Sign up for Digital Health Pro, Business Insider Intelligence's expert product suite keeping you up-to-date on the people, technologies, trends, and companies shaping the future of healthcare, delivered to your inbox 6x a week. >> Get Started Check to see if you already have access to Business Insider Intelligence through your company, or inquire about access if you don't. >> Check If You Have Enterprise Access Current subscribers can read the report here. Join the conversation about this story »
BIG TECH IN TRANSPORTATION: Strategies legacy players can deploy to limit the threat to their market position
This is a preview of The Big Tech in Transportation research report from Business Insider Intelligence. Purchase...This is a preview of The Big Tech in Transportation research report from Business Insider Intelligence. Purchase this report. To check to see if you already have access to Business Insider Intelligence through your company, click here. Big tech companies — specifically Google-parent Alphabet, Apple, and Amazon — have their eyes set on the transportation space, which is undergoing a rapid transformation. Across the globe, legacy transportation firms are contending with forces that are reducing the appeal of traditional gas-powered vehicles, including the rise of mobility companies like Uber and Lime, regulatory pushes for cleaner vehicles, and consumer demands for a more streamlined, digital in-car experience. These forces have made traditional transportation companies both more vulnerable to challengers and more willing to work with nontraditional players. Having already shown an ability to disrupt traditional industries by rapidly innovating, creating best-in-class user experiences, and earning the loyalty of consumers across the globe, big tech now appears poised to propel the transportation industry into a new era. This includes launching mobility services of their own, backing some of the world's most successful transportation startups, supporting alternative energy sources for vehicles, and bringing their popular tech products into vehicles. In the Big Tech in Transportation report, Business Insider Intelligence examines the moves that Alphabet, Apple, and Amazon are making to gain a larger foothold in the transportation industry. We outline potential next steps each may take based on those moves. Finally, we highlight the different strategies legacy auto firms will use to better compete as big tech companies raise their profiles in transportation. The companies mentioned in this report are: Alphabet, Amazon, Apple, Aurora, Automobile, Ford, GM, Google, Fiat Chrysler, Rivian, Volkswagen, Waymo. Here are some of the key takeaways from the report: Within big tech, Google-parent Alphabet, Apple, and Amazon have been the most active firms to push into the transportation space. Alphabet has quickly ramped up its transportation efforts, becoming the most formidable big tech firm in the space. The company has focused its efforts in three core areas: autonomous driving technology, vehicle operating systems (OSs), and alternative mobility. Despite Apple being quite secretive in its efforts, we know that the iPhone maker is working on self-driving technology and is using its OS to enter the auto space. Amazon, renowned for disrupting countless industries, is deploying an early strategy that appears to be focused on capturing control of the in-car experience with its voice assistant and leveraging new transportation technologies to improve operations. In full, the report: Details the different avenues big tech firms are taking to build out a presence in the lucrative transportation space. Highlights how big tech will look to build out their transportation offerings going forward. Discusses the different strategies automakers can take to ensure they hold onto their respective market positions as big tech becomes a potential competitor. Interested in getting the full report? Here's how to get access: Purchase & download the full report from our research store. >> Purchase & Download Now Join thousands of top companies worldwide who trust Business Insider Intelligence for their competitive research needs. >> Inquire About Our Enterprise Memberships Current subscribers can read the report here. Join the conversation about this story »