In-Depth Analysis Of Railroad Cyber ​​Security Market At A CAGR Of 10% To Reach US$ 7.44 Billion By 2029 Accurate Consulting Forecasts

Competitors in the railway cybersecurity market are Thales Group, Siemens AG, Nokia Networks, Alstom, Wabtec and Huawei Technologies Co., Ltd. and International Business Machine Corporation (IBM), Raytheon Technologies Corporation, and Cisco Systems, Inc. and Hitachi Ltd. and Bombardier, United Technologies, Toshiba Corporation, TÜV Rheinland, Capgemini, Cervello, Cylus Ltd

Luton, Bedfordshire, UK, September 23, 2022 (GLOBE NEWSWIRE) – Exactitude Consultancy has completed the market research and advisory wing of Ameliorate Digital Consultancy Private Limited and published the final version of its detailed research report on the railway cybersecurity market.

The Railway Cybersecurity Market is expected to witness a market growth of 10% in the forecast period 2022-2029.

The increasing importance of cloud-based systems and advanced tools that help increase the time interval between specific maintenance events, and increase the vulnerability of rail traffic management, such as traffic control, to cyberattacks. Increased digitization, improved connected infrastructure, and increased government regulations to ensure passenger safety continue to impact the rail cybersecurity market. In addition, the increasing frequency of cyber-attacks on railways and the increasing demand for cyber security services, increased investment, digitalization, and urbanization have a positive impact on the railway cyber security market. Moreover, technological developments offer revenue opportunities for players in the railway cybersecurity market during the forecast period 2022-2029.

The increasing digitization of railways means that large amounts of data flow through digital and physical networks. As more devices and systems connect to the Internet, more security holes appear that can disrupt physical resources. These digital developments are also attracting new cyber threats, increasing the demand for rail cyber security solutions.

Get a PDF copy: https://exactitudeconsultancy.com/reports/7057/railway-cybersecurity-market/#request-a-sample

Recent Developments

  • In May 2021, Wabtec was awarded a US$15 million supply contract from Delhi-Meerut Regional Rapid Transport Systems (RRTS).

  • In May 2021, Siemens announced its acquisition of RailTerm, the Canadian rail service provider. This acquisition will help the company expand its product portfolio through ground track, signaling, electrical and communications systems.

  • In March 2021, Wabtec announced the acquisition of Nordco, a North American supplier of new and reconstructed equipment for use in the maintenance of road equipment containing products such as mobile rail motors and ultrasonic rail fault detection technologies.

Attribute/Scale Report

details

market size

7.44 billion

compound annual growth rate

10%

base year

2021

prediction period

2022-2029

Historical data

2017-2020

forecasting units

Value (billion US dollars)

Report coverage

Revenue forecast, competitive landscape, growth factors, and trends

covered slices

Component, Type, Security, Application

Geographical coverage

North America, Europe, Asia Pacific and Rest of the World (RoW)

main sellers

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), Toshiba Corporation (Japan)

Key market opportunities

Railways in many countries have developed digital strategies to deal with the increasing number of passengers and the Internet of Things (IoT) in management and control systems.

Main market drivers

Advances in technologies across industries continue to increase the need for more robust cybersecurity solutions.

Increased need for smart mobility solutions and services that fuel the growth of the rail cybersecurity market.


Railway cybersecurity market players

Major Players in Railway Cybersecurity Market Thales Group, Siemens AGand Nokia Networks, Alstom, Wabtec, and Huawei Technologies Co., Ltd. and International Business Machine Corporation (IBM), Raytheon Technologies Corporation, and Cisco Systems, Inc. and Hitachi Ltd. and Bombardier, United Technologies, Toshiba Corporation, TÜV Rheinland, Capgemini, Cervello, Cylus Ltd.

Get a Premium Report:

https://exactitudeconsultancy.com/reports/7057/railway-cybersecurity-market/
Main market segments: Railway cybersecurity market

Global railway cybersecurity market by solution

Global railway cybersecurity market by railway type

Global Railway Cybersecurity Market by Security Type

  • Application security

  • network security

  • data protection

  • endpoint security

  • system management

Global Railway Cybersecurity Market By Application

  • passenger trains

  • freight trains

  • outer space

Regional Insights

The Asia Pacific market will reach $3.57 billion in 2020 and is expected to reach $6.7 billion by 2028, at a compound annual growth rate of 8.36% during the forecast period. APAC will lead the market with a revenue share of over 35% in 2020. Rapid urbanization and population growth are key factors driving the expansion of rail networks in the Asia Pacific region, thus building light rail and long distance transportation infrastructure. Hitachi, Huawei, Toshiba and Tech Mahindra Ltd. One of the main participants in the Asia Pacific region. In addition, increasing penetration of advanced technology, rising GDP of each country, sustainable growth and a developing economy are the main drivers of the region.

China, Japan, India and the rest of Asia Pacific are potential markets covered by the Asia Pacific region. During the forecast period, China is expected to dominate the market in terms of market share and growth rate in all countries, followed by India, Japan and the rest of Asia Pacific. This expansion of infrastructure will drive this market forward in the region. Railroad management systems that can be compromised by data breaches are essential to cybersecurity. China and Japan have the most advanced railway infrastructure in the region.

The passenger train segment accounts for a large share of the market during the forecast period

The passenger train segment is expected to lead the railway cybersecurity market during the forecast period. Passenger rail network security is more complex than freight transport due to its open infrastructure, multiple access points and large user base. Cities like London and New York have recently been hit by cyberattacks on passenger trains, highlighting the importance of rail cybersecurity. Governments around the world are promoting cybersecurity solutions for passenger and freight trains.

Explore more reports from Exactitude Consultancy:

remote towers market

Remote Towers Market was valued at $70 Million in 2020 and is expected to reach $942.8 Million by 2029, growing at a CAGR of 33.5% from 2022 to 2029.

https://exactitudeconsultancy.com/reports/5107/remote-towers-market/

Wireless in the aviation market

The global wireless aviation market is expected to reach $6.60 billion by 2029 from $4.29 billion in 2020, at a CAGR of 4.9% from 2022 to 2029.

https://exactitudeconsultancy.com/reports/3305/wireless-in-flight-market/

CONTACT: Irfan Tamboli (Head of Sales) - Exactitudeconsultancy Phone: + 1704 266 3234 sales@exactitudeconsultancy.com LinkedIn: https://www.linkedin.com/company/exactitudeconsultancy/

Leave a Comment