Global Railway Cybersecurity Market to Reach $14.5 Billion by 2030
The global market for Railway Cybersecurity estimated at US$8.5 Billion in the year 2023, is expected to reach US$14.5 Billion by 2030, growing at a CAGR of 8% over the period 2023-2030. Railway Cybersecurity Solutions, one of the segments analyzed in the report, is expected to record 7.6% CAGR and reach US$8.1 Billion by the end of the analysis period. Growth in the Railway Cybersecurity Services segment is estimated at 8.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.6 Billion, While China is Forecast to Grow at 7.4% CAGR
The Railway Cybersecurity market in the U.S. is estimated at US$2.6 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.5 Billion by the year 2030 trailing a CAGR of 7.4% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.5% and 6.5% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 6.6% CAGR.
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