Global Railway Cybersecurity Market – Industry Trends and Forecast to 2028

Market Analysis and Insights : Global Railway Cybersecurity Market

The railway cybersecurity market is expected to witness market growth at a rate of 9.8% in the forecast period of 2021 to 2028. Data Bridge Market Research report on railway cybersecurity market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in the adoption of IoT in railway sector is escalating the growth of railway cybersecurity market.

Cyber security refers to a type of process that assists helps in protecting data, software and other important files from cyber-attacks. The main purpose of the technology is to protect the sensitive information and stop the attackers from destroying or changing that information. It provides security, data protection and system administration among others.

The rise in the adoption of IoT and automation technologies in the railway industry, acts as one of the major factors driving the growth of railway cybersecurity market. The growth in the prominence of cloud-based systems and advanced tools for help in maximization of intervals between certain maintenance events and rising cyber-attack vulnerability of rail traffic management such as traffic control accelerate the railway cybersecurity market growth. Increase in digitalization, improving connected infrastructure and rise in government rules identified with passenger safety further influence the railway cybersecurity market. Additionally, rising incidence of railway cyberattacks and increasing demand for cybersecurity services, increase in investment, digitization and urbanization positively affect the railway cybersecurity market. Furthermore, technological advancements extend profitable opportunities to the railway cybersecurity market players in the forecast period of 2021 to 2028.

On the other hand, slow pace of cybersecurity advancements in developing economies and concerns regarding security of generated data are the factors expected to obstruct the railway cybersecurity market growth. Shortage of cybersecurity expertise for proactive strategic planning is projected to challenge the railway cybersecurity market in the forecast period of 2021-2028.

This railway cybersecurity market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on railway cybersecurity market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.                                                         

Railway Cybersecurity Market Scope and Market Size

The railway cybersecurity market is segmented on the basis of type, security type, solutions and services. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets. 

• On the basis of type, the railway cybersecurity market is segmented into infrastructural and on-board.
• On the basis of security type, the railway cybersecurity market is segmented into application security, network security, data protection, end point security and system administration.
• On the basis of solutions, the railway cybersecurity market is segmented into risk and compliance management, encryption, firewall and antivirus and intrusion detection system.
• On the basis of services, the railway cybersecurity market is segmented into design and implementation, risk and threat assessment and support and maintenance.

Global Railway Cybersecurity Market Country Level Analysis

The railway cybersecurity market is analyzed and market size, volume information is provided by country, type, security type, solutions and services as referenced above.   

The countries covered in the global railway cybersecurity market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).  

Asia-Pacific is expected to witness the highest growth in railway cybersecurity market during the forecast period of 2021 to 2028 due to the increasing urbans transit and digitalization of railways by major players and governments and rising consumer demand for convenient and secure travel within the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Railway Cybersecurity Market Share Analysis

The railway cybersecurity market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to railway cybersecurity market.

The major players covered in the railway cybersecurity market report are Thales Group, Alstom, Siemens, Bombardier, General Electric, Hitachi, Ltd., Nokia, IBM Corporation, Cisco Systems, United Technologies, Huawei Technologies Co., Ltd., Toshiba Corporation, TÜV Rheinland, Capgemini, ABB, BAE Systems, Cylus Ltd. and Cervello among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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