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Railway Cybersecurity Market, Share-Size Estimate Comprehensive Growth, Industry, Consumption Analysis by Applications, Future Demand Forecast By 2027

The global Railway Cybersecurity Market is expected to exhibit a CAGR of over 8.6% to reach a value of around USD 13.90 billion by the end of the forecast period of 2021-2030.


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pranali ubella

4 months ago | 2 min read
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Market Scenario:

The global Railway Cybersecurity Market is expected to exhibit a CAGR of over 8.6% to reach a value of around USD 13.90 billion by the end of the forecast period of 2021-2030.

Railway systems are generally considered safe regarding cyber attacks as they rely on proprietary, segregated networks and follow specific protocols for management, communication, and signaling. Nowadays, rail systems are more and more connected and open. IT security is evolving in railway applications at a higher pace, including networks, signaling, communication, andtrain control systems.Cyberattacks can create less impact if the rail manufacturers, operators, and system integrators follow the security measures.

Increased need for smart mobility solutions and services fueling the growth of the railway cybersecurity market. Customers are expecting uninterrupted internet connection not only to plan and book their journeys but also to work and entertain themselvesduring the journeys. These advanced systems are solutions that are prone to cyberattacks.

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Competitive Outlook
Some of the key players operating in the global railway cybersecurity market include Thales Group (France), Siemens AG (Germany), Alstom (France), Wabtec Corporation (US), Hitachi, Ltd. (Japan), Nokia Networks (Finland), IBM (US), Cisco Systems, Inc. (US), Raytheon Technologies Corporation (US), Huawei Technologies Co., Ltd. (China), and Toshiba Corporation (Japan)

The key players are engaged in strategic initiatives such as product launches, mergers,and acquisitions. For instance, in August 2021, Hitachi Rail entered into an agreement with Thales to acquire its Ground Transportation Systems business. Moreover, in March 2021, Thales launched DIVA (Distributed Intelligent Video Analytics) system to monitor passenger density and support social distancing in stations and onboard trains.

Segmentation:
By Security Type

Based on security type, the global railway cybersecurity market has been segmented into network security, application security, data protection, endpoint security, and system administration.

The network security segment is expected to lead the railway cybersecurity market for during the forecast period. Digital transformation in railways helps rail operators increase operational efficiency, rail safety, reliability, and an enhanced passenger experience. The digitalization of the systems is prone to cyberattacks. Robust network security solutions enable railways to continuously protect the rail infrastructure and mitigate cyberriskby leveraging advanced technologies.

Regional Analysis:
By Region
North America: Regional growth for railway cybersecurity in North America is driven by increased demand for robust cyber security solutions and services to safeguard the critical railway's infrastructure from cyber threats.

Asia-Pacific: increased urbanization and rapidpopulation growthresult in the development of rail networks and accelerating the growth of the railway cybersecurity market. Key players in the APAC region include Hitachi Ltd., Huawei, Toshiba, and Tech Mahindra Ltd.

Europe: Europe contributes to the major share of the global railway cybersecurity market. The market growth in this region is due to the increased demand for advanced technologies, leading to increased comfort levels of passengers and reducing intercity travel time.

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Table of Contents:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
Continued….
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