Railway Cybersecurity Market – Size, Share, Industry Trends and Forecast 2030

Railway Cybersecurity Market

Railway Cybersecurity Market By Security (data protection, system administration, endpoint, application, and network security), By Services(maintenance, support, risk & threat assessment, and design & implementation),By solution(intrusion detection systems, firewall or antivirus, encryption, risk & compliance management, and others),By Technology(on-board and infrastructural technology),By Component(services and solutions) And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030

Category: Technology & Media Report Format : PDF Report Code: ZMR-6542 Status : Upcoming
Market Size in 2022 Market Forecast in 2030 CAGR (in %) Base Year
USD 8.41 Billion USD 15.65 Billion 8.07% 2022

Description

Global Railway Cybersecurity Market: Overview

The global Railway Cybersecurity Market size was worth around USD 8.41 Billion in 2022 and is predicted to grow to around USD 15.65 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 8.07% between 2023 and 2030.

Railway Cybersecurity Market SizeRequest Free Sample

Cybersecurity is the process of protecting software, data, and other important files from cyber-attacks. The railway industry contains a huge amount of sensitive data regarding passengers, their bank details, location, and many others. The significant spike of digital transformation and adoption of advanced technologies like automation and the internet of things in the railway sector is significantly posing the demand for railway cybersecurity. The railway cybersecurity is utilized to protect infrastructure and resources from ransomware, malicious threats, malware, and others. Railway cybersecurity facilitates IT services and solutions to identify potential cyber-attacks and propose measures to combat them through automated systems.

Global Railway Cybersecurity Market: Growth Factors

Internet technology is being widely utilized in the railways with rail traffic management systems and smart transportation in smart cities. The adoption of advanced technologies like flight rail solutions that offer scheduling & optimization capabilities, intelligent usage of smart devices, automatic stock management, fleet monitoring, and several others. Furthermore, they also facilitate the right analytics & information, cloud & IoT services, passenger infotainments, smart ticketing, and others. All such services fall under the umbrella of cyber threat, which in turn will significantly escalate the growth of the global railway cybersecurity market vigorously. The rise in cases of data leakages and data breaches will fuel cybersecurity services, solutions, and products. The deployment of smart railway systems needs support from the telecom sector, infrastructure vendors, manufacturers, public sector, service providers, and user groups altogether. Government authorities are opting for efficient business models like a public-private partnership that encourage private sector companies to take part in the smart projects and support the government initiatives towards deploying and managing the transportation projects. Such a landscape is likely to vigorously boost the demand for railway cybersecurity projects in the forthcoming years. Moreover, due to the growing awareness among people regarding digitized payments and mobile applications for booking transportation services, there is a growing need for a cybersecurity system to protect users from cyber-attacks.

Global Railway Cybersecurity Market: Segmentation

The global railway cybersecurity market can be segmented into security, services, solution, technology, and region.

By security, the market can be segmented into data protection, system administration, endpoint, application, and network security. The network security segment holds the largest share in the global railway cybersecurity market.

By services, the market can be segmented into maintenance, support, risk & threat assessment, and design & implementation.

By solution, the market can be segmented into intrusion detection systems, firewall or antivirus, encryption, risk & compliance management, and others.

By technology, the market can be segmented into on-board and infrastructural technology. The infrastructural technology segment dominates the global railway cybersecurity market. However, the onboard security segment is expected to witness the fastest growth in the forthcoming years due to the growing onboard operations system globally.

By component, the market can be segmented into services and solutions. The solution segment accounts for the largest share in the global railway cybersecurity market due to its growing demand among organizations.

Global Railway Cybersecurity Market: Regional analysis

Asia Pacific accounts for the largest share in the global railway cybersecurity market due to the growing population and urbanization in the region. Furthermore, the presence of prominent market leaders like Tech Mahindra and Toshiba in the region will accentuate the growth of the regional market. Furthermore, the growing penetration of advanced technologies in the growing economies like India and China is likely to significantly fuel the growth of the regional market in the forthcoming years.

Europe is likely to witness an exponential growth rate in forthcoming years due to the growing use of advanced technologies owing to the safety and comfort offered by such technology solutions.

Railway Cybersecurity Market: Report Scope

Report Attributes Report Details
Report Name Railway Cybersecurity Market Size Report
Market Size in 2022 USD 8.41 Billion
Market Forecast in 2030 USD 15.65 Billion
Growth Rate CAGR of 8.07%
Number of Pages 188
Forecast Units Value (USD Billion), and Volume (Units)
Key Companies Covered Thales Group, Siemens AG, Selectron Systems AG, Nokia Corporation, IBM Corporation, Huawei Technologies Co., Ltd., Hitachi, Ltd., Collins Aerospace, Cisco Systems, Inc., and CAPGEMINI SE.
Segments Covered By security,By services, By solution, By technology And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)
Countries Covered North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
Base Year 2022
Historical Year 2017 to 2021
Forecast Year 2023 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Global Railway Cybersecurity Market: Competitive Players

  • Thales Group, 
  • Siemens AG, 
  • Selectron Systems AG, 
  • Nokia Corporation, 
  • IBM Corporation, 
  • Huawei Technologies Co., Ltd., 
  • Hitachi, Ltd., 
  • Collins Aerospace, 
  • Cisco Systems, Inc., and 
  • CAPGEMINI SE.

Global Railway Cybersecurity Market: Segmentation

By Security

  • Data protection

  • System administration 

  • Endpoint

  • Application

  • Network security

By Services

  • Maintenance

  • Support

  • Risk & threat assessment

  • Design & implementation

By Solution

By Technology

  • On-board

  • Infrastructural technology

By Component

  • Services

  • Solutions

Global Railway Cybersecurity Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The adoption of advanced technologies like flight rail solutions that offer scheduling and optimization capabilities, intelligent usage of smart devices, automatic stock management, fleet monitoring, and several others. Furthermore, they also facilitate the right analytics & information, cloud & IoT services, passenger infotainments, smart ticketing, and others. All such services fall under the umbrella of cyber threat, which in turn will significantly escalate the growth of the global railway cybersecurity market vigorously.

Some of the significant players in the global railway cybersecurity market are Thales Group, Siemens AG, Selectron Systems AG, Nokia Corporation, IBM Corporation, Huawei Technologies Co., Ltd., Hitachi, Ltd., Collins Aerospace, Cisco Systems, Inc., and CAPGEMINI SE.

 

Asia Pacific accounts for the largest share in the global railway cybersecurity market due to the growing population and urbanization in the region. Furthermore, the presence of prominent market leaders like tech-Mahindra and Toshiba in the region will accentuate the growth of the regional market.

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