Railway Cyber Security Services Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Railway Cyber Security Services Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Railway Cyber Security Market

The global railway cyber security market size was valued at USD 9.18 billion in 2020 and is projected to grow from USD 9.77 billion in 2021 to USD 16.72 billion by 2028, exhibiting a CAGR of 7.97% during the forecast period of 2021-2028.

The COVID-19 pandemic highlighted the significance of railway cyber security as multiplied virtual reliance uncovered vulnerabilities. While lockdowns behind schedule some initiatives, the developing want to protect rail infrastructure led to renewed investments in advanced protection answers, impeding the railway cyber security market growth.

The increasing digitization of rail networks pushes the Railway Cyber Security Market, the adoption of IoT and clever technology, and growing issues over cyber threats to critical infrastructure. Government policies and increasing investments in modernizing rail systems also boost the call for robust cybersecurity solutions.

AI and devices getting to know are revolutionizing railway cybersecurity. By reading widespread network site visitors, these technologies permit real-time danger detection and identity of anomalies, allowing for early response to cyberattacks and expanding the global railway cyber security market share. Furthermore, AI-powered predictive analytics can examine ancient facts to assume capacity threats and vulnerabilities, enabling proactive safety features. This proactive approach extensively complements the resilience of railway structures against cyber threats.

Comprehensive Analysis of Railway Cyber Security Market

The Railway Cyber Security Market is segmented using kind and protection kind. The infrastructural segment holds the most critical market share, driven by the desire for cybersecurity in linked railway systems, which consists of ticketing and platform management. The on-board section is expected to develop hastily, fueled by the growing demand for cloud-based services, massive facts applications, and cell technology. Regarding safety, community protection dominates the marketplace due to its performance in managing railway operations, planning site visitors, and controlling catastrophes. The software safety segment is also growing, driven by the excessive use of platforms for services like ticket booking, while the facts protection phase is seeing elevated demand for privacy safety and encryption technology.

The Asia Pacific region led the railway cyber security market by benefitting a size of USD 3.57 billion in 2020 due to the boom of city populations and rapid urbanization, which are critical drivers in the back of the enlargement of rail networks.

The leading players in the railway cyber security market significantly influence its growth trajectory and set industry standards. These key players, including Thales Group (Paris, France), Siemens AG (Munich, Germany), Bombardier (Montreal, Canada), Huawei (Shenzhen, China), Alstom (Saint-Quen, France), IBM (Armonk, New York, U.S.), Nokia Networks (Espoo, Finland), Cisco (San Jose, California), General Electric (Boston, U.S.), United Technologies (Waltham, U.S.), and Hitachi (Tokyo, Japan), contribute to a competitive landscape, driving innovation, technological advancements, and strengthening security measures across the railway sector.

In March 2021, Expandium and Cervello established a strategic partnership to mix cyber-security with predictive renovation for railway signaling and telecommunications structures.

Segmentation Table

ATTRIBUTE DETAILS

Study Period2017-2028

Base Year2020

Estimated Year 2021

Forecast Period2021-2028

Historical Period2017-2019

UnitValue (USD Billion)

SegmentationBy Type

Infrastructural

On-board

By Security Type

Network Security

Application Security

Data Protection

End Point Protection

System Administration

By Geography

North America (By Type, By Security Type)

U.S (By Type)

Canada (By Type)

Mexico (By Type)

Europe (By Type, By Security Type)

U.K (By Type)

Germany (By Type)

France (By Type)

Rest of Europe (By Type)

Asia Pacific (By Type, By Security Type)

China (By Type)

Japan (By Type)

India (By Type)

Rest of APAC (By Type)

Rest of the World (By Type, By Security Type)

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