Press release
Railway Cybersecurity Market Size 2022 Grew at Growth Rate of 10% by Industry Share, Growth, Drivers, Emerging Technologies, and Forecast Research Report 2029
The Global Railway Cybersecurity Market is forecast to reach USD 7.44 Billion by 2029 by rising at a compound annual growth rate (CAGR) of 10% throughout the forecast period from 2022 to 2029Railway Cybersecurity Market Overview
With smart cities, smart transportation, rail traffic management systems, CBTC, and PTC, internet technology has dominated the application space in the railway industry. PIS, smart tickets, passenger entertainment, rail analytics, cloud and IoT services, freight information and analytics, freight rail solutions like fleet monitoring, automatic stock management, intelligent and smart devices, scheduling and optimization capabilities, and others are examples of advanced technologies.
Cybersecurity poses a danger to all of these technologies. The development of sophisticated systems and solutions has also increased the vulnerability of IoT in the railway sector to cybersecurity risks. These elements would encourage the expansion of the use of railway cybersecurity solutions.The market for railroad cybersecurity goods, services, and solutions is being stimulated by the rise of data breaches and data leaks.
The global Railway Cybersecurity market report widely offers the latest information about technological developments and market growth forecasts based on the regional landscape.
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Industry Development
In May 2021, Wabtec was awarded a supply contract worth USD 15 million by Delhi-Meerut Regional Rapid Transport Systems (RRTS). The company will be supplying advanced technology brake systems, pantographs, roof disconnector switches, and fully integrated passenger information systems to RRTS for building coaches for this project.
In May 2021, Siemens announced the acquisition of RailTerm, a Canada-based rail service provider. This acquisition will help the company expand its product portfolio with on-ground track and signaling, electrification, and communication systems.
Research Methodology:
To calculate the market size, the report considers the revenue generated from the sales of Railway Cybersecurity market manufacturers. The revenue created from the sales of Railway Cybersecurity Market has been calculated through primary and secondary research.
The market size assessment also considered leading players revenues as part of triangulation the key players considered are Thales Group, Siemens AG, Nokia Networks, Alstom, Wabtec, Huawei Technologies Co., Ltd., International Business Machine Corporation (IBM), Raytheon Technologies Corporation, Cisco Systems, Inc., Hitachi Ltd., Bombardier, United Technologies, Toshiba Corpo and Others.
The Railway Cybersecurity Market has been segmented as below:
Global Railway Cybersecurity Market By Type, 2020-2029, (USD Million)
Infrastructure
On-Board
Global Railway Cybersecurity Market By Solution, 2020-2029, (USD Million),
Solutions
Risk And Compliance Management
Encryption
Firewall,
Antivirus/Antimalware
Intrusion Detection System/Intrusion Prevention System
Others
Services
Design And Implementation
Risk And Threat Assessment
Support And Maintenance
Others
Heat Resistant
Global Railway Cybersecurity Market by Rail Type, 2020-2029, (USD Million)
Conventional Passenger Trains
Urban Transit
High-Speed Rail
Global Railway Cybersecurity Market by Security Type, 2020-2029, (USD Million)
Application Security
Network Security
Data Protection
Endpoint Security
System Administration
Global Railway Cybersecurity Market by Application, 2020-2029, (USD Million)
Passenger Trains
Freight Trains
Aerospace
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Railway Cybersecurity Market: Regional Analysis
Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of Railway Cybersecurity market in these countries, which covering North America, U.S., Canada, Europe, UK, Germany, France, Spain, Italy, ROE, Asia Pacific, China, India, Japan, Australia, South Korea, RoAPAC, Latin America, Brazil, Mexico and Rest of the World.
Geographically, the market is dominated by APAC, North America and Europe.
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Major Key areas that have been focused on in the report:
Raw material supply analysis
Major trends noticed in the Global Railway Cybersecurity Market
Market Geographic limitations, and pricing issues
Distribution, scheduling, performance, and supplier requirements
Growth opportunities that may emerge in the industry in the upcoming years
In-depth value chain analysis
Sustainability trends and environmental concerns
Market Gap and Opportunities
Global Market Growth Drivers, Opportunities, and Constraints.
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