Railway Cyber Security Solution Market is projected to reach 25.23 billion by 2032, Overview 2022-2029| Key Players -United Technologies, Thales Group, Siemens, Nokia Networks, IBM, Hitachi, General Electric (WabTec), Cisco, Bombardier, Alstom

The Railway Cybersecurity Market, by value, is estimated to be 7.23 billion in 2021 and is projected to reach 25.23 billion by 2032 at a CAGR of 11.34% from 2021 to 2032. Internet technology captured the application area in railways with smart cities, smart transportation, rail traffic management systems, CBTC, and PTC. Advanced technologies include PIS, smart ticketing, passenger infotainment, rail analytics, cloud and IoT services, freight information and analytics, freight rail solutions such as fleet monitoring, automatic stock management, intelligent and smart devices, and scheduling and optimization capabilities. All these technologies face the threat of cybersecurity. In addition to this, due to the emergence of advanced systems and solutions, IoT in the railway industry has become more prone to cybersecurity threats. These factors would support growth of the deployment of railway cybersecurity solutions..

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Some of the Major Key players profiled in the study are United Technologies, Thales Group, Siemens, Nokia Networks, IBM, Hitachi, General Electric (WabTec), Cisco, Bombardier, Alstom

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This research report categorizes the global railway cybersecurity market based on offering (solutions & services), security type, type, application, rail type and region

Market, By Offering
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

Market, By Security Type
Application Security
Network Security
Data Protection
Endpoint Security
System Administration

Market, By Type
Infrastructure
On-board

Market, By Application
Passenger Trains
Freight Trains

Market, By Rail Type
Conventional Passenger Trains
Urban Transit
High-Speed Rail

Global Railway Cyber Security Solution Market Segmentation:

Railway Cyber Security Solution Segmentation by Type:

Data Protection, End Point Protection, System Administration, Others.

Railway Cyber Security Solution Segmentation by Application:

Private Railway, Public Railway

Key market aspects are illuminated in the report:

Executive Summary: It covers a summary of the most vital studies, the Global Railway Cyber Security Solution market increasing rate, modest circumstances, market trends, drivers and problems as well as macroscopic pointers.

Study Analysis: Covers major companies, vital market segments, the scope of the products offered in the Global Railway Cyber Security Solution market, the years measured and the study points.

Company Profile: Each Firm well-defined in this segment is screened based on a products, value, SWOT analysis, their ability and other significant features.

Manufacture by region: This Global Railway Cyber Security Solution report offers data on imports and exports, sales, production and key companies in all studied regional markets

Market Segmentation: By Geographical Analysis

The Middle East and Africa (GCC Countries and Egypt)
North America (the United States, Mexico, and Canada)
South America (Brazil etc.)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)

The cost analysis of the Global Railway Cyber Security Solution Market has been performed while keeping in view manufacturing expenses, labor cost, and raw materials and their market concentration rate, suppliers, and price trend. Other factors such as Supply chain, downstream buyers, and sourcing strategy have been assessed to provide a complete and in-depth view of the market. Buyers of the report will also be exposed to a study on market positioning with factors such as target client, brand strategy, and price strategy taken into consideration.

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APAC railway cyber security market to grow at highest CAGR during forecast period

The railway cyber security market in the Asia Pacific is estimated to grow at the highest CAGR during the forecast period. The growth of railway cyber security in Asia Pacific is due to increasing urban transit and railway digitization by major players and regional governments. This is designed to cope with rising consumer demand for convenient and secure travel and to meet fuel-efficiency standards to limit CO2 emissions. For example, the Optiflo rail control service solutions from Bombardier in APAC, introduced new advancements in compelling, data-driven, predictive maintenance, and cyber security solutions.

Increasing urbanization has caused rapid population growth in cities. The urban population currently account for more than 54% of the total population. Furthermore, many countries are investing in metros to reduce road traffic. Developing countries such as India and China are investing significantly in the development of the metro infrastructure. Metro systems are successfully operating in 10 Indian cities, while about 25 new projects are in the pipeline. The Indian government had allocated a US$ 2.2 billion fund for the Metro budget during 2018-2019. China is planning to invest USD 11.4 billion in urban rail project development in Changchun.

The scope of study involves understanding the factors contributing to the growth of the railway cyber security market; it also includes estimating and forecasting the revenues as well as conducting the market size analysis, along with spotting significant market players and their key developments.

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Recent Developments
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.
In March 2021, Wabtec announced the acquisition of Nordco, a North American supplier of new, rebuilt, and used maintenance of way equipment having products such as mobile railcars movers and ultrasonic rail flaw detection technologies. Through this acquisition, the company aims to expand its product portfolio and widen its global presence.
In March 2021, Thales developed the DIVA (Distributed Intelligent Video Analytics) solution for passenger railways. This solution will be useful for leveraging existing CCTV networks on stations and onboard trains to provide real-time information and passenger density

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